v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jul. 01, 2025
Operating activities    
Net loss $ (7,368) $ (26,609)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 11,881 14,229
Deferred income taxes, net 27 44
Restaurant impairments, closure costs and asset disposals 5,657 13,107
Amortization of debt issuance costs 439 439
Stock-based compensation 1,870 1,503
Changes in operating assets and liabilities:    
Accounts receivable (725) 124
Inventories 224 (462)
Prepaid expenses and other assets 711 (10)
Accounts payable (171) 5,344
Income taxes (15) (6)
Operating lease assets and liabilities (2,153) (1,907)
Accrued expenses and other liabilities (1,056) (2,615)
Net cash provided by operating activities 9,321 3,181
Investing activities    
Purchases of property and equipment (3,586) (6,318)
Net cash used in investing activities (3,586) (6,318)
Financing activities    
Net borrowings (payments) from swing line loan 1,491 (5,590)
Proceeds from borrowings on long-term debt 0 10,850
Payments on long-term debt (6,300) 0
Payments on finance leases (679) (918)
Stock plan transactions and tax withholding on share-based compensation awards (213) (90)
Net cash (used in) provided by financing activities (5,701) 4,252
Net increase in cash and cash equivalents 34 1,115
Cash and cash equivalents    
Beginning of period 1,265 1,149
End of period $ 1,299 $ 2,264