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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 24, 2017
Sep. 25, 2016
Cash flows from operating activities    
Net income $ 6,723,220 $ 4,578,474
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 428,155 355,833
Amortization 4,244,600 4,825,623
Loss on disposal of property and equipment 17,373 10,192
Loss on extinguishment of debt, net 0 (404,119)
Contingent consideration adjustment 0 (24,642)
Amortization of deferred financing fees 168,797 80,049
Amortization of debt discounts 0 32,355
Interest expense on earn out payable 907,340 1,449,316
Provision for doubtful accounts 88,000 209,528
Stock-based compensation 357,024 252,972
Deferred income taxes (403,715) (1,101,702)
Net changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable (1,803,486) (3,362,087)
Prepaid expenses 519,859 285,304
Other current assets 72,150 30,547
Deposits (137,726) (321,925)
Accrued interest 208,111 (291,954)
Accounts payable (518,921) (324,372)
Accrued expenses 1,252,864 1,024,696
Accrued workers’ compensation (473,319) (56,101)
Other current liabilities 120,569 (945,382)
Accrued taxes 244,072 (7,159)
Other long-term liabilities (52,703) (41,398)
Net cash provided by operating activities 11,962,264 7,111,570
Cash flows from investing activities    
Business acquired, net of cash received 24,500,000 0
Capital expenditures (895,989) (618,157)
Proceeds from the sale of property and equipment 1,500 7,587
Net cash used in investing activities (25,394,489) (610,570)
Cash flows from financing activities    
Net (payments) borrowings under line of credit (3,492,293) 3,041,612
Proceeds from issuance of long-term debt 25,000,000 0
Principal payments on long-term debt 500,000 15,281,657
Payments of dividends (6,545,915) (5,863,801)
Net proceeds from issuance of common stock 86,249 15,254,406
Contingent consideration paid 0 (3,498,197)
Deferred financing costs 1,115,816 153,363
Net cash provided by (used in) financing activities 13,432,225 (6,501,000)
Net change in cash and cash equivalents 0 0
Cash and cash equivalents, beginning of period 0 0
Cash and cash equivalents, end of period 0 0
Supplemental cash flow information:    
Cash paid for interest 930,811 2,221,430
Cash paid for taxes, net of refunds 4,058,353 3,961,226
Proceeds from issuance of long-term debt $ 25,000,000 $ 0