| 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 | ||||||||||||||||||||
21,966 | 20,476 | 19,848 | 20,236 | 22,157 | 21,719 | 27,372 | 25,783 | 23,851 | 23,940 | 18,515 | 16,564 | 15,736 | 13,769 | 14,917 | 15,337 | 11,842 | 10,106 | 0 | 0 | 0 |
Adjustments to reconcile net income to cash provided by operating activities: | ||||||||||||||||||||
Depreciation and amortization | ||||||||||||||||||||
5,763 | 5,484 | 5,169 | 4,895 | 4,639 | 4,313 | 4,132 | 3,879 | 3,571 | 3,376 | 3,228 | 3,093 | 3,049 | 3,008 | 2,925 | 2,815 | 2,733 | 2,682 | 0 | 0 | 0 |
Excess tax benefit of stock-based compensation | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Deferred income taxes | ||||||||||||||||||||
1,335 | -426 | -1,331 | -1,584 | -1,350 | -1,054 | -2,029 | -2,199 | -2,425 | -2,548 | -2,374 | -2,020 | -1,737 | -1,645 | -454 | -739 | -905 | -1,046 | 0 | 0 | 0 |
Stock-based compensation expense | ||||||||||||||||||||
7,467 | 6,974 | 6,522 | 5,235 | 4,049 | 3,725 | 2,969 | 2,566 | 2,110 | 1,851 | 1,733 | 1,519 | 1,333 | 1,231 | 1,055 | 1,066 | 1,119 | 1,155 | 0 | 0 | 0 |
Loss on disposal of property and equipment | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 |
Amortization of debt issuance costs | ||||||||||||||||||||
1,621 | 1,586 | 2,897 | 2,583 | 2,274 | 1,983 | 338 | 321 | 304 | 292 | 299 | 514 | 472 | 437 | 388 | 132 | 319 | 330 | 0 | 0 | 0 |
Changes in operating assets and liabilities: | ||||||||||||||||||||
Accounts receivable | ||||||||||||||||||||
315 | -496 | 2,034 | 1,157 | 1,058 | 1,197 | -723 | 666 | 601 | 1,368 | 2,112 | 1,237 | 703 | -205 | 125 | -16 | 458 | 1,004 | 0 | 0 | 0 |
Prepaid expenses and other assets | ||||||||||||||||||||
-118 | -323 | 877 | 645 | -602 | 178 | -168 | 146 | 252 | 503 | 1,024 | 519 | 632 | 171 | -697 | -1,775 | -787 | 196 | 0 | 0 | 0 |
Advertising fund assets and liabilities, net | ||||||||||||||||||||
1,042 | -449 | 364 | -1,196 | 4,476 | 1,657 | 2,956 | 696 | -182 | 386 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Accounts payable and other current liabilities | ||||||||||||||||||||
1,196 | 3,086 | 5,395 | 2,584 | 3,219 | 6,996 | 42 | 2,314 | 609 | -876 | 2,356 | 1,682 | -129 | 3,648 | 1,296 | 1,893 | 3,038 | 1,169 | 0 | 0 | 0 |
Deferred revenue | ||||||||||||||||||||
1,199 | 881 | 628 | 368 | 456 | 977 | 1,689 | 2,037 | 2,710 | 3,052 | 4,683 | 4,450 | 3,441 | 2,644 | 448 | -44 | 289 | 450 | 0 | 0 | 0 |
Other non-current liabilities | ||||||||||||||||||||
64 | 152 | 152 | 397 | -552 | -171 | -169 | -170 | -168 | -167 | -93 | -45 | 26 | 203 | 173 | -58 | 357 | 214 | 0 | 0 | 0 |
Cash provided by operating activities | ||||||||||||||||||||
41,456 | 38,583 | 36,733 | 31,716 | 38,912 | 38,770 | 38,191 | 34,415 | 29,527 | 27,435 | 25,648 | 22,430 | 21,372 | 21,879 | 22,077 | 23,011 | 19,211 | 13,860 | 0 | 0 | 0 |
Investing activities | ||||||||||||||||||||
Purchases of property and equipment | ||||||||||||||||||||
23,424 | 22,486 | 22,181 | 4,113 | 4,197 | 3,982 | 3,584 | 2,545 | 2,542 | 2,535 | 2,419 | 2,382 | 2,166 | 2,056 | 2,057 | 2,557 | 2,125 | 1,915 | 0 | 0 | 0 |
Acquisition of restaurant from franchisee | ||||||||||||||||||||
- | - | - | - | - | 6,516 | 5,996 | 9,945 | 5,849 | 3,949 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Cash used in investing activities | ||||||||||||||||||||
-24,669 | -23,731 | -23,930 | -4,633 | -8,813 | -10,498 | -9,580 | -12,490 | -8,391 | -6,484 | -6,368 | -2,382 | -2,166 | -2,056 | -2,057 | -2,557 | -2,125 | -1,915 | 0 | 0 | 0 |
Financing activities | ||||||||||||||||||||
Proceeds from exercise of stock options | ||||||||||||||||||||
1,036 | 689 | 491 | 368 | 510 | 517 | 523 | 711 | 901 | 1,318 | 1,327 | 1,262 | 1,003 | 485 | 459 | 285 | 434 | 478 | 0 | 0 | 0 |
Borrowings of long-term debt | ||||||||||||||||||||
21,000 | 5,000 | 325,000 | 321,000 | 322,000 | 551,108 | 231,108 | 233,608 | 232,608 | 3,500 | 0 | 0 | 0 | - | - | - | - | 40,000 | 0 | 0 | 0 |
Repayments of long-term debt | ||||||||||||||||||||
8,200 | 7,400 | 216,958 | 221,908 | 225,358 | 364,858 | 156,375 | 155,000 | 154,625 | 21,000 | 20,875 | 109,000 | 105,125 | 109,250 | 102,500 | 15,000 | 47,000 | 38,218 | 0 | 0 | 0 |
Payment of deferred financing costs | ||||||||||||||||||||
- | - | - | - | - | 9,571 | 782 | 782 | 782 | 0 | 0 | 0 | 0 | - | - | - | - | 227 | 0 | 0 | 0 |
Tax payments for restricted stock upon vesting | ||||||||||||||||||||
545 | 1,149 | 1,144 | 1,100 | 874 | 183 | 182 | 142 | 142 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Excess tax benefit of stock-based compensation | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Dividends paid | ||||||||||||||||||||
12,394 | 11,742 | 99,761 | 99,083 | 98,512 | 190,737 | 101,512 | 100,924 | 98,866 | 4,070 | 0 | 0 | 0 | - | - | - | - | 47,999 | 0 | 0 | 0 |
Cash provided by (used in) financing activities | ||||||||||||||||||||
882 | -14,617 | -1,150 | -9,541 | -11,023 | -13,724 | -27,220 | -22,529 | -20,906 | -20,252 | -18,082 | -27,186 | -23,570 | -28,213 | -21,909 | -15,315 | -11,672 | -10,978 | 0 | 0 | 0 |
Net change in cash, cash equivalents, and restricted cash | ||||||||||||||||||||
17,669 | 235 | 11,653 | 17,542 | 19,076 | 14,548 | 1,391 | -604 | 230 | 699 | 1,198 | -7,138 | -4,364 | -8,390 | -1,889 | 5,139 | 5,414 | 967 | 0 | 0 | 0 |