Buffalo Wild Wings 2015 Annual Report Download - page 61

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61
(12) Supplemental Disclosures of Cash Flow Information
Fiscal Years Ended
December 27,
2015 December 28,
2014 December 29,
2013
Cash paid during the period for:
Income taxes $ 47,150 48,988 27,361
Interest 1,634 152 —
Noncash financing and investing transactions:
Property and equipment not yet paid for 1,986 (46)(3,039)
Tax withholding for restricted stock units 7,613 4,600 7,200
Goodwill adjustment — — 8
Issuance of note payable for investment in subsidiary — 2,375 —
Increase in asset retirement obligation and liability 1,146 — —
Increase in contingent consideration 1,551 — —
Increase in deemed landlord financing assets and obligations 4,945 — —
(13) Loss on Asset Disposals and Impairment
In 2015, 2014, and 2013, we closed restaurants resulting in a charge to earnings for remaining lease obligations, utilities,
and other related costs. These charges were recognized as a part of the loss on asset disposals and impairment on our
accompanying consolidated statements of earnings.
The following is a rollforward of the store closing reserve:
Fiscal Years Ended
December 27,
2015 December 28,
2014 December 29,
2013
Beginning reserve balance $ 28 13 22
Store closing costs incurred 503 315 38
Costs paid (531)(300)(47)
Ending reserve balance $ — 28 13
During 2015, we recorded an impairment charge for the assets of three underperforming restaurants. An impairment
charge of $1,458 was recorded to the extent that the carrying amount of the assets was not considered recoverable based on
estimated discounted future cash flows and the underlying fair value of the assets. There was an impairment charge of $1,661 in
2014 for three underperforming restaurants. There was an impairment charge of $1,118 in 2013 for two underperforming
restaurants.
The following is a summary of the loss on asset disposals and impairment charges recognized by us:
Fiscal Years Ended
December 27,
2015 December 28,
2014 December 29,
2013
Store closing charges $ 503 315 38
Long-lived asset impairment 1,458 1,661 1,118
Remodels and other miscellaneous asset write-offs 5,501 1,851 2,106
Loss on asset disposals and impairment $ 7,462 3,827 3,262
(14) Defined Contribution Plans
We have a defined contribution 401(k) plan whereby eligible employees may contribute pretax wages in accordance with
the provisions of the plan. We match 100% of the first 3% and 50% of the next 2% of contributions made by eligible