| Sep'18 | Jun'18 | Apr'18 | Dec'17 | Sep'17 | Jun'17 | Apr'17 | Dec'16 | Sep'16 | Jun'16 | Apr'16 | Dec'15 | Sep'15 | Jun'15 | Apr'15 | Dec'14 | Sep'14 | Apr'14 | Apr'13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income (Loss) | ||||||||||||||||||
-3,924 | -18,773 | -3,619 | -2,859 | 270 | 579 | 19 | -501 | -293 | 1,201 | 1,396 | 852 | -540 | 120 | 692 | -1,596 | 2,958 | -9,988 | -1,391 |
Cash flows from operating activities: | ||||||||||||||||||
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||||||||||||
Depreciation | ||||||||||||||||||
4,697 | 4,890 | 6,340 | 4,696 | 4,495 | 4,161 | 5,052 | 3,680 | 3,489 | 3,292 | 3,992 | 2,502 | 3,087 | 2,587 | 3,192 | 2,261 | 2,681 | 2,413 | 1,545 |
Amortization of intangible assets | ||||||||||||||||||
234 | 238 | 358 | 312 | 328 | 350 | 489 | 366 | 367 | 373 | 500 | 415 | 336 | 375 | 512 | 414 | 270 | 468 | 421 |
Equity-based compensation | ||||||||||||||||||
830 | 769 | 1,140 | 722 | 685 | 808 | 888 | 456 | 465 | 501 | 703 | 119 | 485 | 282 | 305 | 87 | 94 | 6,120 | 31 |
Deferred income taxes | ||||||||||||||||||
-1,511 | 29 | 141 | - | -62 | -372 | 264 | - | 1,430 | 676 | 345 | - | 3,070 | 803 | 243 | - | - | 865 | 247 |
Amortization of loan costs | ||||||||||||||||||
16 | 15 | 21 | 12 | 5 | 5 | 7 | 6 | 5 | 5 | 7 | 0 | 10 | 5 | 5 | 0 | -60 | 77 | 60 |
Bad debt expense | ||||||||||||||||||
16 | 5 | 2 | -2 | 18 | 9 | 3 | 17 | 8 | 25 | 10 | 44 | -2 | -1 | 7 | 0 | 5 | 5 | 1 |
Loss from disposal of equipment | ||||||||||||||||||
-116 | -111 | -158 | -211 | -132 | -748 | -259 | 73 | -91 | -100 | -237 | -79 | -99 | -100 | -47 | -51 | -31 | -13 | -49 |
Accretion of deemed landlord financing | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 173 |
Loss on extinguishment of debt | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | -978 | 0 |
Accretion of deemed landlord financing | ||||||||||||||||||
59 | 59 | 84 | 59 | 70 | 67 | 92 | 65 | 61 | 72 | 110 | 129 | 33 | 42 | 80 | - | - | 88 | - |
Changes in operating assets and liabilities: | ||||||||||||||||||
Trade accounts receivable | ||||||||||||||||||
1,036 | 1,071 | -994 | 1,113 | -67 | 353 | -510 | 936 | 164 | -139 | 533 | -484 | 248 | -10 | 469 | -251 | -74 | 206 | 225 |
Other accounts receivable | ||||||||||||||||||
263 | -107 | -925 | -1,462 | -60 | 951 | -907 | -93 | 539 | 951 | 1,007 | -305 | -37 | 92 | 391 | 205 | -1,234 | 567 | 439 |
Inventories | ||||||||||||||||||
-12 | 172 | 249 | -108 | 214 | 275 | 224 | -183 | 164 | 87 | 150 | -25 | 177 | 92 | 134 | 21 | 59 | 184 | 83 |
Prepaid expenses and other | ||||||||||||||||||
363 | 906 | 1,718 | -2,491 | 543 | 376 | 1,783 | -1,824 | 184 | 1,210 | 772 | -1,965 | 1,354 | 696 | 386 | -533 | 830 | 154 | 104 |
Accounts payable | ||||||||||||||||||
668 | -164 | 912 | -879 | 13 | 64 | 2,095 | -936 | 105 | -85 | 1,613 | -85 | -529 | -910 | 2,165 | -922 | 1,403 | 1,047 | -249 |
Accrued expenses and other | ||||||||||||||||||
2,957 | -1,198 | 427 | -170 | 629 | -240 | 350 | 142 | 525 | -866 | 449 | 471 | 1,421 | 1,649 | -417 | 1,163 | -365 | 1,191 | 1,246 |
Deferred rent | ||||||||||||||||||
1,348 | 1,053 | 2,071 | 1,913 | 2,354 | 2,172 | 1,705 | 1,320 | 1,946 | 2,242 | 2,581 | 1,106 | 1,476 | 1,848 | 2,178 | - | - | 1,858 | - |
Deferred rent | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1,155 |
Unearned franchise fee | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
Net cash provided by operating activities | ||||||||||||||||||
3,856 | 1,305 | 7,987 | 5,654 | 8,440 | 6,396 | 10,633 | 4,008 | 7,148 | 5,427 | 9,481 | 3,227 | 9,367 | 6,030 | 7,629 | 2,953 | 8,339 | 4,024 | 2,437 |
Cash flows from investing activities: | ||||||||||||||||||
Purchase of property and equipment | ||||||||||||||||||
5,036 | 5,390 | 10,598 | 7,598 | 13,369 | 15,038 | 13,217 | 10,775 | 12,250 | 12,251 | 10,569 | 5,834 | 12,346 | 8,812 | 11,411 | 6,948 | 4,589 | 11,045 | 8,520 |
Acquisition purchase price, net of cash acquired | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7,991 | 0 | 1,145 | 0 |
Proceeds from sale-leaseback transaction | ||||||||||||||||||
- | - | - | - | - | - | - | 2,574 | 0 | 0 | 2,089 | 0 | 0 | 0 | 0 | - | - | - | - |
Proceeds from sale of property and equipment | ||||||||||||||||||
43 | 13 | 18 | 0 | 0 | 0 | 0 | -1 | 63 | 1 | 12 | -1 | 51 | 9 | 49 | 8 | 88 | 43 | 19 |
Net cash used in investing activities | ||||||||||||||||||
-4,993 | -5,377 | -10,580 | -7,598 | -11,078 | -15,038 | -13,217 | -8,202 | -12,187 | -12,250 | -8,468 | -13,826 | -4,304 | -8,803 | -11,362 | -14,931 | -4,501 | -12,147 | -8,501 |
Cash flows from financing activities: | ||||||||||||||||||
Proceeds from line of credit | ||||||||||||||||||
2,000 | 2,000 | 4,000 | 12,500 | 2,500 | 10,000 | 0 | - | - | - | - | - | - | - | - | 0 | -6,000 | 7,900 | 6,000 |
Payments on long-term debt | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | -313 | 49,300 | 313 |
Proceeds from issuance of common stock, net of underwriter fees | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 2,733 | 93,581 | 0 |
Payment of costs associated with initial public offering | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 1,549 | 989 | 0 |
Proceeds from deemed landlord financing | ||||||||||||||||||
0 | -10 | 10 | -21 | 165 | 161 | 121 | 185 | 67 | 81 | -10 | 784 | -438 | -368 | 530 | 317 | -583 | 299 | 570 |
Proceeds from exercise of stock options | ||||||||||||||||||
0 | 87 | 11 | 0 | 0 | 0 | 0 | 0 | 32 | 570 | 480 | -907 | 1,031 | 940 | 308 | - | - | 0 | - |
Payments of loan acquisition fees | ||||||||||||||||||
0 | 0 | 1 | 335 | 0 | 0 | 0 | - | - | - | - | 0 | 0 | 0 | 97 | - | - | 0 | - |
Net cash provided by financing activities | ||||||||||||||||||
2,000 | 2,077 | 4,020 | -356 | 2,665 | 10,161 | 121 | 185 | 99 | 651 | 470 | 199 | 271 | 572 | 741 | 639 | -7,819 | 51,491 | 6,257 |
Net change in cash and cash equivalents | ||||||||||||||||||
863 | -1,995 | 1,427 | -2,300 | 27 | 1,519 | -2,463 | -4,009 | -4,940 | -6,172 | 1,483 | -10,400 | 5,334 | -2,201 | -2,992 | -11,339 | -3,981 | 43,368 | 193 |
Supplemental disclosure of cash flow information: | ||||||||||||||||||
Cash paid for interest related to long-term debt | ||||||||||||||||||
181 | 111 | 144 | 86 | 64 | 12 | 0 | - | - | - | - | - | - | - | - | 0 | -324 | 682 | 454 |
Cash paid for interest related to deemed landlord financing | ||||||||||||||||||
1,081 | 1,084 | 1,462 | 1,073 | 1,040 | 908 | 1,455 | 969 | 913 | 862 | 1,122 | 805 | 787 | 715 | 985 | 678 | 853 | 793 | 426 |
Non-cash deemed landlord financing | ||||||||||||||||||
-2,200 | 0 | -2,200 | 3,600 | -3,000 | -300 | 2,450 | 1,830 | -250 | 600 | -1,450 | 0 | 550 | 2,750 | 1,100 | 1,100 | 2,050 | -1,400 | 800 |
Change in accrued purchases of property and equipment | ||||||||||||||||||
-771 | -418 | -260 | -31 | -2,980 | 402 | 2,400 | -3,339 | 892 | 658 | 2,846 | -3,498 | 1,107 | 1,904 | -68 | -402 | -495 | -626 | 832 |
Non-cash costs associated with initial public offering | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,548 | 0 |