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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2021
Mar. 27, 2020
Cash flows from operating activities:    
Net income $ 6,361 $ 5,527
Less loss from discontinued operations 7 8
Net income from continuing operations 6,368 5,535
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 874 800
Amortization expense 261 238
Amortization of debt issuance costs 11 23
Non-cash stock compensation expense 2,587 2,230
Provision for doubtful accounts 137 21
Loss (gain) on foreign currency translation 61 (100)
Deferred income tax expense 1,378 1,622
Changes in assets and liabilities:    
Increase in accounts receivable and contract assets (6,091) (3,357)
Decrease (increase) in prepaid expenses and other assets 182 (185)
Decrease in accounts payable (1,159) (147)
Increase (decrease) in accrued expenses and other liabilities 52 (236)
Increase in income tax payable 1,241 85
Net cash provided by operating activities 5,895 6,521
Cash flows from investing activities:    
Purchases of property and equipment (525) (533)
Net cash used in investing activities (525) (533)
Cash flows from financing activities:    
Dividends paid   (5,790)
Repurchase of common stock (3,716) (2,969)
Net cash used in financing activities (3,716) (8,759)
Effect of exchange rate on cash (4) 97
Net increase (decrease) in cash and cash equivalents 1,650 (2,674)
Cash at beginning of period 49,455 25,954
Cash at end of period 51,105 23,280
Supplemental disclosure of cash flow information:    
Cash (refunded) paid for income taxes (181) 350
Cash paid for interest $ 14 $ 14