| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | |
|---|---|---|---|---|---|---|
Net Income (Loss) | ||||||
-1,991 | 1,803 | 1,124 | -10,017 | -3,715 | -253 | |
Cash flows from operating activities: | ||||||
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||
Depreciation | ||||||
18,404 | 14,453 | 11,368 | 8,900 | 5,862 | 3,779 | |
Amortization of intangible assets | ||||||
1,479 | 1,606 | 1,638 | 1,573 | 1,601 | 1,091 | |
Equity-based compensation | ||||||
3,103 | 2,125 | 1,191 | 6,332 | 74 | 125 | |
Deferred income taxes | ||||||
-1,455 | 753 | 742 | 606 | 594 | - | |
Deferred income taxes | ||||||
- | - | - | - | - | 547 | |
Amortization of loan costs | ||||||
29 | 23 | 20 | 77 | 205 | 120 | |
Bad debt expense | ||||||
28 | 60 | 48 | 11 | 11 | 13 | |
Casualty loss | ||||||
109 | 0 | 353 | - | - | - | |
Casualty loss | ||||||
- | - | - | 0 | 0 | - | |
Loss from disposal of equipment | ||||||
-1,350 | -355 | -325 | -144 | -175 | -240 | |
Loss on extinguishment of debt | ||||||
- | - | - | -978 | 0 | - | |
Loss on extinguishment of debt | ||||||
- | - | - | - | - | 0 | |
Accretion of deemed landlord financing | ||||||
288 | 308 | 284 | 219 | 262 | 114 | |
Changes in operating assets and liabilities: | ||||||
Trade accounts receivable | ||||||
889 | 1,494 | 223 | 106 | 199 | -66 | |
Other accounts receivable | ||||||
-1,478 | 2,404 | 141 | -23 | 130 | 678 | |
Inventories | ||||||
605 | 218 | 378 | 347 | 257 | 179 | |
Prepaid expenses and other | ||||||
211 | 342 | 471 | 555 | 63 | 121 | |
Accounts payable | ||||||
1,293 | 697 | 641 | 1,279 | 1,307 | 1,033 | |
Accrued expenses and other | ||||||
569 | 250 | 3,124 | 3,235 | 1,810 | 656 | |
Deferred rent | ||||||
8,144 | 8,089 | 6,608 | 5,401 | 3,387 | 1,243 | |
Net cash provided by operating activities | ||||||
31,123 | 26,064 | 26,253 | 17,753 | 10,924 | 7,796 | |
Cash flows from investing activities: | ||||||
Purchase of property and equipment | ||||||
49,222 | 45,845 | 38,403 | 31,102 | 28,267 | 15,462 | |
Acquisition purchase price, net of cash acquired | ||||||
- | - | - | 9,136 | 0 | 5,834 | |
Proceeds from sale-leaseback transaction | ||||||
2,291 | 4,663 | 0 | 0 | - | - | |
Proceeds from sale of property and equipment | ||||||
0 | 75 | 108 | 158 | 25 | 13 | |
Net cash used in investing activities | ||||||
-46,931 | -41,107 | -38,295 | -40,080 | -28,242 | -21,283 | |
Cash flows from financing activities: | ||||||
Proceeds from line of credit | ||||||
25,000 | 0 | 0 | 7,900 | 15,650 | 15,373 | |
Payments on long-term debt | ||||||
12,500 | 0 | 0 | 49,300 | 938 | 686 | |
Proceeds from issuance of common stock, net of underwriter fees | ||||||
- | - | - | 96,314 | 0 | 0 | |
Payment of costs associated with initial public offering | ||||||
- | - | - | 2,538 | 6 | 0 | |
Purchase of common stock | ||||||
- | - | - | 2,733 | 0 | 0 | |
Proceeds from deemed landlord financing | ||||||
426 | 323 | 508 | 603 | 1,595 | 1,019 | |
Proceeds from exercise of stock options | ||||||
0 | 1,082 | 1,372 | 338 | 0 | 0 | |
Payments of loan acquisition fees | ||||||
335 | 0 | 97 | 16 | 284 | 576 | |
Net cash provided by financing activities | ||||||
12,591 | 1,405 | 1,783 | 50,568 | 16,017 | 15,130 | |
Net change in cash and cash equivalents | ||||||
-3,217 | -13,638 | -10,259 | 28,241 | -1,301 | 1,643 | |
Supplemental disclosure of cash flow information: | ||||||
Cash paid for interest related to long-term debt | ||||||
162 | 19 | 16 | 812 | 2,039 | 1,229 | |
Cash paid for interest related to deemed landlord financing | ||||||
4,476 | 3,866 | 3,292 | 2,750 | 1,668 | 981 | |
Non-cash residual value lease obligations | ||||||
- | - | - | - | 107 | 103 | |
Non-cash deemed landlord financing | ||||||
2,750 | 730 | 4,400 | 2,550 | 6,850 | 3,250 | |
Change in accrued purchases of property and equipment | ||||||
-209 | 1,057 | -555 | -691 | 1,323 | 1,243 | |
Non-cash costs associated with initial public offering | ||||||
- | - | - | - | 1,018 | 0 | |
Non-cash landlord improvements | ||||||
- | - | - | - | 0 | 0 | |