| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||||||||||||||
Net income | ||||||||||||||||||||
8,096 | 3,047 | 5,905 | 4,918 | 6,606 | 2,419 | 6,293 | 6,839 | 6,168 | 8,072 | 4,704 | 4,907 | 6,257 | 2,647 | 2,753 | 4,079 | 4,290 | 3,795 | 3,173 | 584 | 2,554 |
Adjustments to reconcile net income to cash provided by operating activities: | ||||||||||||||||||||
Depreciation and amortization | ||||||||||||||||||||
1,555 | 1,465 | 1,408 | 1,335 | 1,276 | 1,150 | 1,134 | 1,079 | 950 | 969 | 881 | 771 | 755 | 821 | 746 | 727 | 714 | 738 | 636 | 645 | 663 |
Excess tax benefit of stock-based compensation | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -65 | 728 | 94 |
Deferred income taxes | ||||||||||||||||||||
1,503 | 129 | 132 | -429 | -258 | -776 | -121 | -195 | 38 | -1,751 | -291 | -421 | -85 | -1,577 | 63 | -138 | 7 | -386 | -222 | -304 | -134 |
Stock-based compensation expense | ||||||||||||||||||||
1,331 | 2,165 | 2,043 | 1,928 | 838 | 1,713 | 756 | 742 | 514 | 957 | 353 | 286 | 255 | 839 | 139 | 100 | 153 | 663 | 150 | 153 | 189 |
Loss on disposal of property and equipment | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | -4 |
Amortization of debt issuance costs | ||||||||||||||||||||
411 | 407 | 404 | 399 | 376 | 1,718 | 90 | 90 | 85 | 73 | 73 | 73 | 73 | 80 | 288 | 31 | 38 | 31 | 32 | 218 | 49 |
Changes in operating assets and liabilities: | ||||||||||||||||||||
Accounts receivable | ||||||||||||||||||||
-35 | -684 | 311 | 723 | -846 | 1,846 | -566 | 624 | -707 | -74 | 823 | 559 | 60 | 670 | -52 | 25 | -848 | 1,000 | -193 | 499 | -302 |
Prepaid expenses and other assets | ||||||||||||||||||||
-902 | -1,302 | 301 | 1,785 | -1,107 | -102 | 69 | 538 | -327 | -448 | 383 | 644 | -76 | 73 | -122 | 757 | -537 | -795 | -1,200 | 1,745 | 446 |
Advertising fund assets and liabilities, net | ||||||||||||||||||||
5,708 | -3,613 | 5,828 | -6,881 | 4,217 | -2,800 | 4,268 | -1,209 | 1,398 | -1,501 | 2,008 | -2,087 | 1,966 | - | - | - | - | - | - | - | - |
Accounts payable and other current liabilities | ||||||||||||||||||||
-6,370 | 4,100 | 2,489 | 977 | -4,480 | 6,409 | -322 | 1,612 | -703 | -545 | 1,950 | -93 | -2,188 | 2,687 | 1,276 | -1,904 | 1,589 | 335 | 1,873 | -759 | -280 |
Deferred revenue | ||||||||||||||||||||
-189 | 353 | 786 | 249 | -507 | 100 | 526 | 337 | 14 | 812 | 874 | 1,010 | 356 | 2,443 | 641 | 1 | -441 | 247 | 149 | 334 | -280 |
Other non-current liabilities | ||||||||||||||||||||
-511 | -42 | -288 | 905 | -423 | -42 | -43 | -44 | -42 | -40 | -44 | -42 | -41 | 34 | 4 | 29 | 136 | 4 | -227 | 444 | -7 |
Cash provided by operating activities | ||||||||||||||||||||
12,471 | 9,997 | 18,095 | 893 | 9,598 | 8,147 | 13,078 | 8,089 | 9,456 | 7,568 | 9,302 | 3,201 | 7,364 | 5,781 | 6,084 | 2,143 | 7,871 | 5,979 | 7,018 | -1,657 | 2,520 |
Investing activities | ||||||||||||||||||||
Purchases of property and equipment | ||||||||||||||||||||
1,579 | 1,404 | 19,640 | 801 | 641 | 1,099 | 1,572 | 885 | 426 | 701 | 533 | 882 | 419 | 585 | 496 | 666 | 309 | 586 | 996 | 234 | 99 |
Acquisition of restaurant from franchisee | ||||||||||||||||||||
- | - | - | - | - | 520 | 0 | 4,096 | 1,900 | 0 | 3,949 | 0 | 0 | - | - | - | - | - | - | - | - |
Cash used in investing activities | ||||||||||||||||||||
-1,579 | -1,420 | -20,869 | -801 | -641 | -1,619 | -1,572 | -4,981 | -2,326 | -701 | -4,482 | -882 | -419 | -585 | -496 | -666 | -309 | -586 | -996 | -234 | -99 |
Financing activities | ||||||||||||||||||||
Proceeds from exercise of stock options | ||||||||||||||||||||
505 | 209 | 174 | 148 | 158 | 11 | 51 | 290 | 165 | 17 | 239 | 480 | 582 | 26 | 174 | 221 | 64 | 0 | 0 | 370 | 108 |
Borrowings of long-term debt | ||||||||||||||||||||
16,000 | 0 | 5,000 | 0 | 0 | 320,000 | 1,000 | 1,000 | 229,108 | 0 | 3,500 | 0 | 0 | - | - | - | - | 0 | 0 | 0 | 40,000 |
Repayments of long-term debt | ||||||||||||||||||||
800 | 5,800 | 800 | 800 | 0 | 215,358 | 5,750 | 4,250 | 139,500 | 6,875 | 4,375 | 3,875 | 5,875 | 6,750 | 92,500 | 0 | 10,000 | 0 | 5,000 | 32,000 | 1,218 |
Payment of deferred financing costs | ||||||||||||||||||||
- | - | - | - | - | 8,789 | 0 | 0 | 782 | 0 | 0 | 0 | 0 | - | - | - | - | 0 | 0 | 0 | 227 |
Tax payments for restricted stock upon vesting | ||||||||||||||||||||
229 | 6 | 84 | 226 | 833 | 1 | 40 | 0 | 142 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Excess tax benefit of stock-based compensation | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -65 | 728 | 94 |
Dividends paid | ||||||||||||||||||||
3,223 | 3,242 | 3,300 | 2,629 | 2,571 | 91,261 | 2,622 | 2,058 | 94,796 | 2,036 | 2,034 | 0 | 0 | - | - | - | - | 0 | 0 | 0 | 47,999 |
Cash provided by (used in) financing activities | ||||||||||||||||||||
12,253 | -8,865 | 1,030 | -3,536 | -3,246 | 4,602 | -7,361 | -5,018 | -5,947 | -8,894 | -2,670 | -3,395 | -5,293 | -6,724 | -11,774 | 221 | -9,936 | -420 | -5,180 | 3,864 | -9,242 |
Net change in cash, cash equivalents, and restricted cash | ||||||||||||||||||||
23,145 | -288 | -1,744 | -3,444 | 5,711 | 11,130 | 4,145 | -1,910 | 1,183 | -2,027 | 2,150 | -1,076 | 1,652 | -1,528 | -6,186 | 1,698 | -2,374 | 4,973 | 842 | 1,973 | -6,821 |