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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jul. 02, 2022
Jan. 01, 2022
Current assets:    
Cash and cash equivalents $ 15,621 $ 66,130
Accounts receivable, net of allowances of $3,282 and $3,256, respectively 131,339 116,962
Unbilled services, net of allowances of $1,388 and $1,364, respectively 68,376 45,095
Prepaid expenses and other current assets 13,456 10,589
Forgivable loans 11,731 10,571
Total current assets 240,523 249,347
Property and equipment, net 49,294 53,612
Goodwill 89,963 88,936
Intangible assets, net 7,777 4,181
Right-of-use assets 103,284 110,475
Deferred income taxes 9,471 9,319
Forgivable loans, net of current portion 45,095 38,020
Other assets 1,626 1,470
Total assets 547,033 555,360
Current liabilities:    
Accounts payable 25,082 23,511
Accrued expenses 102,081 156,314
Deferred revenue and other liabilities 6,851 12,821
Current portion of lease liabilities 15,207 14,337
Current portion of deferred compensation 2,674 6,103
Revolving line of credit 70,000 0
Total current liabilities 221,895 213,086
Non-current liabilities:    
Deferred compensation and other non-current liabilities 11,426 10,947
Non-current portion of lease liabilities 114,806 124,464
Deferred income taxes 920 1,029
Total non-current liabilities 127,152 136,440
Commitments and contingencies (Note 11)
Shareholders’ equity:    
Preferred stock, no par value; 1,000,000 shares authorized; none issued and outstanding 0 0
Common stock, no par value; 25,000,000 shares authorized; 7,131,349 and 7,362,703 shares issued and outstanding, respectively 0 0
Retained earnings 212,968 215,784
Accumulated other comprehensive loss (14,982) (9,950)
Total shareholders’ equity 197,986 205,834
Total liabilities and shareholders’ equity $ 547,033 $ 555,360