| Dec'19 | Jan'19 | Jan'18 | Jan'17 | Dec'14 | Jun'14 | |
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net (loss) income | ||||||
-118,285 | 18,959 | 49,871 | - | -1,524 | -655 | |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||
Allowance for doubtful accounts | ||||||
41 | 45 | 0 | - | - | - | |
Depreciation and amortization | ||||||
25,488 | 25,794 | 23,362 | - | - | - | |
Amortization of above and below Market Leases | ||||||
0 | -767 | -809 | - | - | - | |
Amortization of deferred financing costs, debt discount and interest rate cap | ||||||
550 | 445 | 389 | - | - | - | |
Amortization of operating lease assets | ||||||
21,681 | 0 | 0 | - | - | - | |
Stock-based compensation | ||||||
6,293 | 6,079 | 4,876 | - | - | - | |
Impairment of goodwill | ||||||
118,250 | 0 | 0 | - | - | - | |
Impairment of long-lived assets | ||||||
7,000 | 3,861 | 0 | - | - | - | |
Deferred income taxes | ||||||
-583 | 1,097 | -22,594 | - | - | - | |
Loss on disposal of assets and adjustments to assets held for sale, net | ||||||
-9,448 | -1,012 | -1,075 | - | - | - | |
Restaurant closure charges | ||||||
0 | 449 | 379 | - | - | - | |
Other Noncash Income | ||||||
0 | 523 | 0 | - | - | - | |
Changes in operating assets and liabilities: | ||||||
Accounts and other receivables, net | ||||||
349 | -616 | -313 | - | - | - | |
Inventories | ||||||
191 | 220 | -6 | - | - | - | |
Prepaid expenses and other current assets | ||||||
732 | -1,949 | 2,580 | - | - | - | |
Other assets | ||||||
273 | 125 | 162 | - | - | - | |
Accounts payable | ||||||
-271 | 2 | 2,332 | - | - | - | |
Operating lease liabilities | ||||||
-18,846 | 0 | 0 | - | - | - | |
Other accrued liabilities | ||||||
-1,308 | -488 | -1,526 | - | - | - | |
Other non-current liabilities | ||||||
973 | 3,647 | 2,856 | - | - | - | |
Net cash provided by operating activities | ||||||
49,045 | 61,832 | 57,788 | - | - | - | |
Accrued interest income | ||||||
- | - | - | - | - | 39 | |
Accrued operating expenses and accounts payable | ||||||
- | - | - | - | 433 | - | |
Income tax receivable | ||||||
- | - | - | - | 0 | - | |
Accrued expenses | ||||||
- | - | - | - | - | 129 | |
Prepaid insurance | ||||||
- | - | - | - | -101 | 109 | |
Prepaid expenses | ||||||
- | - | - | - | -7 | 38 | |
Franchise tax payable | ||||||
- | - | - | - | 134 | 79 | |
Net cash provided by operating activities | ||||||
- | - | - | - | -847 | -634 | |
Investing activities | ||||||
Purchases of property and equipment | ||||||
43,696 | 48,032 | 50,627 | - | - | - | |
Proceeds from disposal of property and equipment, net | ||||||
14,107 | 1,323 | 9,907 | - | - | - | |
Purchases of other assets | ||||||
2,039 | 1,474 | 1,033 | - | - | - | |
Acquisition of franchisees | ||||||
4,832 | 1,841 | 1,128 | - | - | - | |
Proceeds from sale of company-operated restaurants | ||||||
7,187 | 0 | 2,192 | - | - | - | |
Net cash (used in) provided by investing activities | ||||||
-29,273 | -50,024 | -40,689 | - | - | - | |
Principal deposited in Trust Account | ||||||
- | - | - | - | 0 | 150,000 | |
Financing activities | ||||||
Proceeds from deemed landlord financing liabilities | ||||||
0 | 2,675 | 3,925 | - | - | - | |
Proceeds from issuance of common stock | ||||||
- | - | - | - | 0 | 25 | |
Repurchase of common stock and warrants | ||||||
7,373 | 16,316 | 13,849 | - | - | - | |
Payment of tax withholding related to restricted stock vesting | ||||||
2,602 | 2,378 | 1,923 | - | - | - | |
Payments on finance leases and other debt | ||||||
635 | 1,417 | 1,587 | - | - | - | |
Proceeds from revolving credit facility | ||||||
41,000 | 31,000 | 31,500 | - | - | - | |
Payments on revolving credit facility | ||||||
55,000 | 25,000 | 37,500 | - | - | - | |
Payments of Debt Issuance Costs | ||||||
1,014 | 0 | 0 | - | - | - | |
Proceeds from exercise of stock options | ||||||
120 | 222 | 99 | - | - | - | |
Net cash provided by (used in) financing activities | ||||||
-25,504 | -11,214 | -19,335 | - | - | - | |
Net proceeds from Public Offering, after payment of upfront underwriting fee | ||||||
- | - | - | - | 0 | 147,000 | |
Net proceeds from private placement warrants | ||||||
- | - | - | - | 0 | 4,750 | |
Payment of offering expenses | ||||||
- | - | - | - | 0 | 444 | |
Net cash used in financing activities | ||||||
- | - | - | - | 0 | 151,330 | |
(Decrease) increase in cash and cash equivalents | ||||||
-5,732 | 594 | -2,236 | - | -847 | 696 | |
Supplemental cash flow information: | ||||||
Interest Paid, Excluding Capitalized Interest, Operating Activities | ||||||
6,919 | 8,823 | 6,873 | - | - | - | |
Cash paid during the period for income taxes | ||||||
3,856 | 3,061 | 9,441 | - | - | - | |
Supplemental schedule of non-cash activities: | ||||||
Accrued property and equipment purchases | ||||||
5,729 | 5,691 | 5,134 | - | - | - | |
Write-offs against bad debt reserves | ||||||
30 | 26 | 0 | - | - | - | |
Amortization of interest rate cap into net income, net of tax | ||||||
132 | 44 | 4 | - | - | - | |
Change in other asset for fair value of interest rate cap recorded to other comprehensive (loss) income, net of tax | ||||||
-364 | 122 | -162 | - | - | - | |
Operating lease right-of-use assets obtained in exchange for lease obligations | ||||||
298,942 | 0 | 0 | - | - | - | |
Finance lease right-of-use assets obtained in exchange for lease obligations | ||||||
1,185 | 0 | 0 | - | - | - | |
Impairment on operating lease right-of-use assets related to the adoption of new accounting pronouncements | ||||||
3,116 | 0 | 0 | - | - | - | |
Deferred underwriting commissions | ||||||
- | - | - | - | 0 | 5,250 | |
Successor [Member] | ||||||
Net income | ||||||
- | - | - | 20,913 | - | - | |
Allowance for doubtful accounts | ||||||
- | - | - | 0 | - | - | |
Depreciation and amortization | ||||||
- | - | - | 23,129 | - | - | |
Amortization of favorable and unfavorable lease assets and liabilities, net | ||||||
- | - | - | -607 | - | - | |
Amortization of deferred financing costs and interest rate cap | ||||||
- | - | - | 392 | - | - | |
Stock-based compensation | ||||||
- | - | - | 4,096 | - | - | |
Impairment of long-lived assets | ||||||
- | - | - | 0 | - | - | |
Deferred income taxes | ||||||
- | - | - | 10,741 | - | - | |
Loss on disposal of assets, net | ||||||
- | - | - | -312 | - | - | |
Restructuring Charges | ||||||
- | - | - | 179 | - | - | |
Other Noncash Income | ||||||
- | - | - | 0 | - | - | |
Accounts and other receivables, net | ||||||
- | - | - | 921 | - | - | |
Inventories | ||||||
- | - | - | -88 | - | - | |
Prepaid expenses and other current assets | ||||||
- | - | - | 659 | - | - | |
Other assets | ||||||
- | - | - | 59 | - | - | |
Accounts payable | ||||||
- | - | - | -404 | - | - | |
Other accrued liabilities | ||||||
- | - | - | 3,733 | - | - | |
Other non-current liabilities | ||||||
- | - | - | -3,387 | - | - | |
Net cash provided by operating activities | ||||||
- | - | - | 57,546 | - | - | |
Purchases of property and equipment | ||||||
- | - | - | 45,853 | - | - | |
Proceeds from disposal of property and equipment | ||||||
- | - | - | 3,423 | - | - | |
Purchases of other assets | ||||||
- | - | - | 1,333 | - | - | |
Acquisition of franchisees | ||||||
- | - | - | 3,891 | - | - | |
Proceeds from Divestiture of Businesses | ||||||
- | - | - | 0 | - | - | |
Net cash used in investing activities | ||||||
- | - | - | -47,654 | - | - | |
Proceeds from deemed landlord financing liabilities | ||||||
- | - | - | 1,974 | - | - | |
Repurchase of common stock and warrants | ||||||
- | - | - | 15,314 | - | - | |
Payment of tax withholding related to restricted stock vesting, option exercises and distribution of restricted stock units | ||||||
- | - | - | 916 | - | - | |
Payments on capital leases and deemed landlord financing | ||||||
- | - | - | 1,728 | - | - | |
Proceeds from Long-term Lines of Credit | ||||||
- | - | - | 24,000 | - | - | |
Repayments of Long-term Lines of Credit | ||||||
- | - | - | 19,000 | - | - | |
Proceeds from Stock Options Exercised | ||||||
- | - | - | 5 | - | - | |
Payment for interest rate cap | ||||||
- | - | - | 312 | - | - | |
Net cash used in financing activities | ||||||
- | - | - | -11,291 | - | - | |
Increase (decrease) in cash and cash equivalents | ||||||
- | - | - | -1,399 | - | - | |
Cash paid during the period for interest | ||||||
- | - | - | 6,328 | - | - | |
Cash paid during the period for income taxes, net of tax refunds | ||||||
- | - | - | 3,531 | - | - | |
Increase (decrease) of purchases of property and equipment in accounts payable and accrued liabilities, net | ||||||
- | - | - | 64 | - | - | |
Write-offs against bad debt reserves | ||||||
- | - | - | 72 | - | - | |
Amortization of interest rate cap into net income, net of tax | ||||||
- | - | - | 0 | - | - | |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | ||||||
- | - | - | 172 | - | - | |