XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2021
Sep. 25, 2020
Cash flows from operating activities:    
Net income $ 25,024 $ 4,580
Plus net loss from discontinued operations 7 165
Net income from continuing operations 25,031 4,745
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 2,552 2,600
Amortization expense 783 723
Amortization of debt issuance costs 33 58
Non-cash stock compensation expense 7,811 7,034
Provision for doubtful accounts 168 413
Gain on foreign currency translation (62) (165)
Deferred income tax expense (benefit) 300 (417)
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable and contract assets (17,061) 13,248
Decrease (increase) in prepaid expenses and other assets 253 (328)
Decrease in accounts payable (1,071) (3,449)
Increase in accrued expenses and other liabilities and operating lease liabilities 1,572 6,257
Increase in contract liabilities (deferred revenue) 3,194 409
Increase in income tax payable 2,973 193
Net cash provided by operating activities 26,469 31,156
Cash flows from investing activities:    
Purchases of property and equipment (2,255) (1,498)
Net cash used in investing activities (2,255) (1,498)
Cash flows from financing activities:    
Proceeds from ESPP 391 374
Debt issuance costs   (21)
Dividends paid (6,481) (8,854)
Repurchase of common stock (14,614) (4,025)
Net cash used in financing activities (20,704) (12,526)
Effect of exchange rate on cash (26) 81
Net increase in cash and cash equivalents 3,484 17,213
Cash at beginning of period 49,455 25,954
Cash at end of period 52,939 43,167
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 6,371 2,385
Cash paid for interest $ 43 $ 43