24 the following table presents monthly sales results compared to the equivalent fiscal periods in 2019 : domestic system-wide same-store sales ( 1 ) compared to 2019 fiscal periods : replace_table_token_7_th the following table presents domestic capacity restrictions : domestic capacity restrictions as of december 30 , 2020 : % of domestic system 75 % capacity or social distancing 29 % 50 % - 66 % capacity 23 % 25 % - 33 % capacity 5 % off-premise only 39 % no restrictions 1 % temporarily closed 3 % total 100 % franchise and license revenue reductions in addition to the impacts that reduced sales had on franchise and licenses revenues , certain forms of franchise support resulted in reductions to these revenues throughout 2020 including : abatement of $ 6.0 million of royalties including $ 1.9 million in the first quarter , $ 3.1 million in the second quarter and $ 1.0 in the fourth quarter ; abatement of $ 1.3 million of advertising fees in the first quarter . cost savings initiatives in response to the covid-19 pandemic , we also implemented the following cost savings initiatives : suspended travel and canceled in-person field meetings ; placed holds on all open corporate and field positions ; significantly reduced restaurant level staffing across the company restaurant portfolio ; meaningfully reduced compensation for our board of directors and multiple levels of management ; and furloughed over 25 % of the employees at our corporate office , approximately half of which were subsequently separated from the company . we subsequently eased certain of these cost savings measures . for example , we have resumed recruiting for certain corporate and field positions , and the compensation reductions expired on june 25 , 2020. we also secured $ 2.6 million of federal tax credits in connection with wages paid to retained employees during the crisis under the coronavirus aid , relief , and economic security ( cares ) act . liquidity actions taken effective february 27 , 2020 , we suspended share repurchases , and effective march 16 , 2020 terminated our rule 10b5-1 plan in both cases in light of uncertain market conditions arising from the covid-19 pandemic . 25 due to the impact of the covid-19 pandemic , effective may 13 , 2020 and december 15 , 2020 , the company and certain of its subsidiaries entered into a second and third amendment , respectively , to the current credit facility which amended the credit agreement dated as of october 26 , 2017. see liquidity and capital resources - credit facility . as of december 30 , 2020 , the company was in compliance with its financial covenants related to the amended credit facility . on july 6 , 2020 , we closed on the issuance and sale of 8,000,000 shares of common stock . net proceeds of $ 69.6 million were received after deducting the underwriters ' discounts and commissions and offering expenses payable by the company and disbursed to pay down the outstanding balance on the credit facility . growing and revitalizing the brand over the last five years , our growth initiatives have led to 169 new restaurant openings . during 2020 , our franchisees opened 20 restaurants , of which eight are international franchised locations , including four in canada , two in mexico , and one each in indonesia and central america . our goal is to increase net restaurant growth through both domestic and international avenues . domestic growth will continue to focus on markets in which we have modest penetration . development agreements related to the sale of 113 of our company restaurants during 2018 and 2019 and recently enhanced development agreements in canada and the philippines are expected to stimulate both domestic and international growth over the next several years . a total of 22 remodels were completed during 2020 , consisting of 20 at franchised restaurants and two at company restaurants . eleven of these remodels were in our heritage image , which we launched in late 2013. this updated look reflects a more contemporary diner feel to further reinforce our america 's diner positioning . the remaining 11 restaurants updated to our heritage 2.0 image which features more attention-grabbing exterior elements while extending the relaxing interior elements from the original heritage program . as of the end of 2020 , approximately 91 % of the restaurants in the system have been remodeled to one of our two heritage images . balancing the use of cash though certain strategies have been impacted by the covid-19 pandemic , we are still focused in the longer term on balancing the use of cash between reinvesting in our base of company restaurants , growing and strengthening the brand and returning cash to shareholders . during 2020 , cash capital expenditures were $ 7.0 million . our real estate strategy is to redeploy proceeds from the sale of certain pieces of our owned real estate to acquire higher quality real estate underlying company and franchised restaurants . during 2020 , we generated $ 9.4 million of cash proceeds from the sale of real estate . prior to suspending share repurchases , during 2020 , we repurchased a total of 1.7 million shares of our common stock for $ 34.2 million . since initiating our share repurchase program in november 2010 , we have repurchased a total of 54.0 million shares of our common stock for $ 553.9 million . the company is prohibited from paying dividends and making stock repurchases and other general investments until the date of delivery of our financial statements for the fiscal quarter ending september 29 , 2021. see liquidity and capital resources - credit facility . in december 2019 , the board approved a new share repurchase authorization for $ 250 million . as of december 30 , 2020 , there was approximately $ 248.0 million remaining under our current repurchase authorization . story_separator_special_tag the consolidated leverage ratio covenant was waived until the fiscal quarter ending march 31 , 2021 , at which point the covenant level was to increase from 4.00x to 4.50x , stepping down to 4.25x in the second quarter of 2021 and 4.00x in the third fiscal quarter of 2021 and thereafter . in addition , the second amendment added a monthly minimum liquidity covenant , defined as the sum of unrestricted cash and revolver availability , ranging from $ 60 million to $ 70 million , commencing on may 13 , 2020 to may 26 , 2021. on december 15 , 2020 , we executed an additional amendment ( the “ third amendment ” ) to our credit agreement . commencing with the effective date of the third amendment until the date of delivery of the financial statements for the fiscal quarter ending december 29 , 2021 , the interest rate shall remain libor plus 3.00 % . as of the effective date of the third amendment , the accordion feature is removed , and the total credit facility commitment is $ 375 million and will be reduced to $ 350 million on july 1 , 2021. commencing with the effective date of the third amendment until the date of delivery of the financial statements for the fiscal quarter ending september 29 , 2021 , the company will continue to have supplemental monthly reporting obligations to its lenders and will be prohibited from paying dividends and making stock repurchases and other general investments . additionally , existing restrictions on capital expenditures of $ 10 million in the aggregate will remain in effect through march 31 , 2021 , at which point the restrictions will expand to $ 12 million in the aggregate through september 29 , 2021. the third amendment temporarily waives certain financial covenants . the consolidated fixed charge coverage ratio covenant is waived through march 31 , 2021 , at which point the covenant level will be a minimum of 1.00x , adjusting to 1.25x on july 1 , 2021 , and 1.50x on september 30 , 2021 and thereafter . the consolidated leverage ratio covenant is waived through march 31 , 2021 , at which point the covenant level will be a maximum of 5.25x , stepping down to 4.75x on july 1 , 2021 , and 4.00x on september 30 , 2021 and thereafter . in addition , the third amendment maintains a monthly minimum liquidity covenant , defined as the sum of unrestricted cash and revolver availability , of $ 70 million , commencing on the effective date until the date of delivery of the financial statements for the fiscal quarter ending september 29 , 2021. we were in compliance with all financial covenants as of december 30 , 2020. prior to considering the impact of our interest rate swaps , described below , the weighted-average interest rate on outstanding revolver loans was 3.15 % as of december 30 , 2020. taking into consideration our interest rate swaps that are designated as cash flow hedges , the weighted-average interest rate of outstanding revolver loans was 5.01 % as of december 30 , 2020. interest rate hedges we have interest rate swaps to hedge a portion of the forecasted cash flows of our floating rate debt . see part ii item 7a . quantitative and qualitative disclosures about market risk for details on our interest rate swaps . contractual obligations our future contractual obligations and commitments at december 30 , 2020 consisted of the following : replace_table_token_19_th 35 ( a ) interest obligations represent payments related to our long-term debt outstanding at december 30 , 2020. for long-term debt with variable rates , we have used the rate applicable at december 30 , 2020 to project interest over the periods presented in the table above , taking into consideration the impact of the interest rate swaps that are designated as cash flow hedges for the applicable periods . the finance lease obligation amounts above are inclusive of interest . ( b ) purchase obligations include amounts payable for company and franchised restaurants under purchase contracts for food and non-food products . many of these agreements do not obligate us to purchase any specific volumes and include provisions that would allow us to cancel such agreements with appropriate notice . for agreements with cancellation provisions , amounts included in the table above represent our estimate of purchase obligations during the periods presented if we were to cancel these contracts with appropriate notice . ( c ) unrecognized tax benefits are related to uncertain tax positions . as we are not able to reasonably estimate the timing or amount of these payments , the related balances have not been reflected in this table . off-balance sheet arrangements we do not have any off-balance sheet arrangements . critical accounting policies and estimates our reported results are impacted by the application of certain accounting policies that require us to make subjective or complex judgments . these judgments involve estimations of the effect of matters that are inherently uncertain and may significantly impact our quarterly or annual results of operations or financial condition . changes in the estimates and judgments could significantly affect our results of operations and financial condition and cash flows in future years . descriptions of what we consider to be our most significant critical accounting policies are as follows : self-insurance liabilities . we are self-insured for a portion of our losses related to certain medical plans , workers ' compensation , general , product and automobile insurance liability . in estimating these liabilities , we utilize independent actuarial estimates of expected losses , which are based on statistical analysis of historical data . our estimates of expected losses are adjusted over time based on changes to the actual costs of the underlying claims , which could result in additional expense or reversal of expense previously recorded . see note 2 to our consolidated financial statements

liquidity and capital resources summary of cash flows our primary sources of liquidity and capital resources are cash generated from operations and borrowings under our credit facility ( as described below ) . principal uses of cash are operating expenses , capital expenditures and , prior to the second quarter of 2020 , the repurchase of shares of our common stock . the following table presents a summary of our sources and uses of cash and cash equivalents for the periods indicated : replace_table_token_17_th net cash flows used in operating activities were $ 3.1 million for the year ended december 30 , 2020 compared to net cash flows provided by operating activities of $ 43.3 million for the year ended december 25 , 2019. the decrease in cash flows provided by ( used in ) operating activities was primarily due to the impacts of the covid-19 pandemic and the timing of prior year accrual payments . net cash flows provided by operating activities were $ 43.3 million for the year ended december 25 , 2019 compared to $ 73.7 million for the year ended december 26 , 2018. the decrease in cash flows provided by operating activities was primarily due to the reduction in equivalent units and the related runoff of liabilities resulting from the sale of company restaurants . we believe that our estimated cash flows from operations for 2021 , combined with our capacity for additional borrowings under our credit facility , will enable us to meet our anticipated cash requirements and fund capital expenditures over the next twelve months . 33 net cash flows provided by investing activities were $ 4.7 million for the year ended december 30 , 2020. these cash flows are primarily proceeds from the sale of real estate of $ 9.4 million and proceeds from the sale of investments of $ 2.9 million , partially offset by capital expenditures of $ 7.0 million and investment purchases of $ 1.4 million .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources summary of cash flows our primary sources of liquidity and capital resources are cash generated from operations and borrowings under our credit facility ( as described below ) . principal uses of cash are operating expenses , capital expenditures and , prior to the second quarter of 2020 , the repurchase of shares of our common stock . the following table presents a summary of our sources and uses of cash and cash equivalents for the periods indicated : replace_table_token_17_th net cash flows used in operating activities were $ 3.1 million for the year ended december 30 , 2020 compared to net cash flows provided by operating activities of $ 43.3 million for the year ended december 25 , 2019. the decrease in cash flows provided by ( used in ) operating activities was primarily due to the impacts of the covid-19 pandemic and the timing of prior year accrual payments . net cash flows provided by operating activities were $ 43.3 million for the year ended december 25 , 2019 compared to $ 73.7 million for the year ended december 26 , 2018. the decrease in cash flows provided by operating activities was primarily due to the reduction in equivalent units and the related runoff of liabilities resulting from the sale of company restaurants . we believe that our estimated cash flows from operations for 2021 , combined with our capacity for additional borrowings under our credit facility , will enable us to meet our anticipated cash requirements and fund capital expenditures over the next twelve months . 33 net cash flows provided by investing activities were $ 4.7 million for the year ended december 30 , 2020. these cash flows are primarily proceeds from the sale of real estate of $ 9.4 million and proceeds from the sale of investments of $ 2.9 million , partially offset by capital expenditures of $ 7.0 million and investment purchases of $ 1.4 million .
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 Suspicious Activity Report : 24 the following table presents monthly sales results compared to the equivalent fiscal periods in 2019 : domestic system-wide same-store sales ( 1 ) compared to 2019 fiscal periods : replace_table_token_7_th the following table presents domestic capacity restrictions : domestic capacity restrictions as of december 30 , 2020 : % of domestic system 75 % capacity or social distancing 29 % 50 % - 66 % capacity 23 % 25 % - 33 % capacity 5 % off-premise only 39 % no restrictions 1 % temporarily closed 3 % total 100 % franchise and license revenue reductions in addition to the impacts that reduced sales had on franchise and licenses revenues , certain forms of franchise support resulted in reductions to these revenues throughout 2020 including : abatement of $ 6.0 million of royalties including $ 1.9 million in the first quarter , $ 3.1 million in the second quarter and $ 1.0 in the fourth quarter ; abatement of $ 1.3 million of advertising fees in the first quarter . cost savings initiatives in response to the covid-19 pandemic , we also implemented the following cost savings initiatives : suspended travel and canceled in-person field meetings ; placed holds on all open corporate and field positions ; significantly reduced restaurant level staffing across the company restaurant portfolio ; meaningfully reduced compensation for our board of directors and multiple levels of management ; and furloughed over 25 % of the employees at our corporate office , approximately half of which were subsequently separated from the company . we subsequently eased certain of these cost savings measures . for example , we have resumed recruiting for certain corporate and field positions , and the compensation reductions expired on june 25 , 2020. we also secured $ 2.6 million of federal tax credits in connection with wages paid to retained employees during the crisis under the coronavirus aid , relief , and economic security ( cares ) act . liquidity actions taken effective february 27 , 2020 , we suspended share repurchases , and effective march 16 , 2020 terminated our rule 10b5-1 plan in both cases in light of uncertain market conditions arising from the covid-19 pandemic . 25 due to the impact of the covid-19 pandemic , effective may 13 , 2020 and december 15 , 2020 , the company and certain of its subsidiaries entered into a second and third amendment , respectively , to the current credit facility which amended the credit agreement dated as of october 26 , 2017. see liquidity and capital resources - credit facility . as of december 30 , 2020 , the company was in compliance with its financial covenants related to the amended credit facility . on july 6 , 2020 , we closed on the issuance and sale of 8,000,000 shares of common stock . net proceeds of $ 69.6 million were received after deducting the underwriters ' discounts and commissions and offering expenses payable by the company and disbursed to pay down the outstanding balance on the credit facility . growing and revitalizing the brand over the last five years , our growth initiatives have led to 169 new restaurant openings . during 2020 , our franchisees opened 20 restaurants , of which eight are international franchised locations , including four in canada , two in mexico , and one each in indonesia and central america . our goal is to increase net restaurant growth through both domestic and international avenues . domestic growth will continue to focus on markets in which we have modest penetration . development agreements related to the sale of 113 of our company restaurants during 2018 and 2019 and recently enhanced development agreements in canada and the philippines are expected to stimulate both domestic and international growth over the next several years . a total of 22 remodels were completed during 2020 , consisting of 20 at franchised restaurants and two at company restaurants . eleven of these remodels were in our heritage image , which we launched in late 2013. this updated look reflects a more contemporary diner feel to further reinforce our america 's diner positioning . the remaining 11 restaurants updated to our heritage 2.0 image which features more attention-grabbing exterior elements while extending the relaxing interior elements from the original heritage program . as of the end of 2020 , approximately 91 % of the restaurants in the system have been remodeled to one of our two heritage images . balancing the use of cash though certain strategies have been impacted by the covid-19 pandemic , we are still focused in the longer term on balancing the use of cash between reinvesting in our base of company restaurants , growing and strengthening the brand and returning cash to shareholders . during 2020 , cash capital expenditures were $ 7.0 million . our real estate strategy is to redeploy proceeds from the sale of certain pieces of our owned real estate to acquire higher quality real estate underlying company and franchised restaurants . during 2020 , we generated $ 9.4 million of cash proceeds from the sale of real estate . prior to suspending share repurchases , during 2020 , we repurchased a total of 1.7 million shares of our common stock for $ 34.2 million . since initiating our share repurchase program in november 2010 , we have repurchased a total of 54.0 million shares of our common stock for $ 553.9 million . the company is prohibited from paying dividends and making stock repurchases and other general investments until the date of delivery of our financial statements for the fiscal quarter ending september 29 , 2021. see liquidity and capital resources - credit facility . in december 2019 , the board approved a new share repurchase authorization for $ 250 million . as of december 30 , 2020 , there was approximately $ 248.0 million remaining under our current repurchase authorization . story_separator_special_tag the consolidated leverage ratio covenant was waived until the fiscal quarter ending march 31 , 2021 , at which point the covenant level was to increase from 4.00x to 4.50x , stepping down to 4.25x in the second quarter of 2021 and 4.00x in the third fiscal quarter of 2021 and thereafter . in addition , the second amendment added a monthly minimum liquidity covenant , defined as the sum of unrestricted cash and revolver availability , ranging from $ 60 million to $ 70 million , commencing on may 13 , 2020 to may 26 , 2021. on december 15 , 2020 , we executed an additional amendment ( the “ third amendment ” ) to our credit agreement . commencing with the effective date of the third amendment until the date of delivery of the financial statements for the fiscal quarter ending december 29 , 2021 , the interest rate shall remain libor plus 3.00 % . as of the effective date of the third amendment , the accordion feature is removed , and the total credit facility commitment is $ 375 million and will be reduced to $ 350 million on july 1 , 2021. commencing with the effective date of the third amendment until the date of delivery of the financial statements for the fiscal quarter ending september 29 , 2021 , the company will continue to have supplemental monthly reporting obligations to its lenders and will be prohibited from paying dividends and making stock repurchases and other general investments . additionally , existing restrictions on capital expenditures of $ 10 million in the aggregate will remain in effect through march 31 , 2021 , at which point the restrictions will expand to $ 12 million in the aggregate through september 29 , 2021. the third amendment temporarily waives certain financial covenants . the consolidated fixed charge coverage ratio covenant is waived through march 31 , 2021 , at which point the covenant level will be a minimum of 1.00x , adjusting to 1.25x on july 1 , 2021 , and 1.50x on september 30 , 2021 and thereafter . the consolidated leverage ratio covenant is waived through march 31 , 2021 , at which point the covenant level will be a maximum of 5.25x , stepping down to 4.75x on july 1 , 2021 , and 4.00x on september 30 , 2021 and thereafter . in addition , the third amendment maintains a monthly minimum liquidity covenant , defined as the sum of unrestricted cash and revolver availability , of $ 70 million , commencing on the effective date until the date of delivery of the financial statements for the fiscal quarter ending september 29 , 2021. we were in compliance with all financial covenants as of december 30 , 2020. prior to considering the impact of our interest rate swaps , described below , the weighted-average interest rate on outstanding revolver loans was 3.15 % as of december 30 , 2020. taking into consideration our interest rate swaps that are designated as cash flow hedges , the weighted-average interest rate of outstanding revolver loans was 5.01 % as of december 30 , 2020. interest rate hedges we have interest rate swaps to hedge a portion of the forecasted cash flows of our floating rate debt . see part ii item 7a . quantitative and qualitative disclosures about market risk for details on our interest rate swaps . contractual obligations our future contractual obligations and commitments at december 30 , 2020 consisted of the following : replace_table_token_19_th 35 ( a ) interest obligations represent payments related to our long-term debt outstanding at december 30 , 2020. for long-term debt with variable rates , we have used the rate applicable at december 30 , 2020 to project interest over the periods presented in the table above , taking into consideration the impact of the interest rate swaps that are designated as cash flow hedges for the applicable periods . the finance lease obligation amounts above are inclusive of interest . ( b ) purchase obligations include amounts payable for company and franchised restaurants under purchase contracts for food and non-food products . many of these agreements do not obligate us to purchase any specific volumes and include provisions that would allow us to cancel such agreements with appropriate notice . for agreements with cancellation provisions , amounts included in the table above represent our estimate of purchase obligations during the periods presented if we were to cancel these contracts with appropriate notice . ( c ) unrecognized tax benefits are related to uncertain tax positions . as we are not able to reasonably estimate the timing or amount of these payments , the related balances have not been reflected in this table . off-balance sheet arrangements we do not have any off-balance sheet arrangements . critical accounting policies and estimates our reported results are impacted by the application of certain accounting policies that require us to make subjective or complex judgments . these judgments involve estimations of the effect of matters that are inherently uncertain and may significantly impact our quarterly or annual results of operations or financial condition . changes in the estimates and judgments could significantly affect our results of operations and financial condition and cash flows in future years . descriptions of what we consider to be our most significant critical accounting policies are as follows : self-insurance liabilities . we are self-insured for a portion of our losses related to certain medical plans , workers ' compensation , general , product and automobile insurance liability . in estimating these liabilities , we utilize independent actuarial estimates of expected losses , which are based on statistical analysis of historical data . our estimates of expected losses are adjusted over time based on changes to the actual costs of the underlying claims , which could result in additional expense or reversal of expense previously recorded . see note 2 to our consolidated financial statements

