XML 18 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Apr. 01, 2016
Operating activities    
Net income $ 6,668 $ 6,589
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 407 605
Loss on disposal of property, plant, and equipment 0 277
Stock-based compensation 1,086 1,713
Amortization of debt issuance costs 194 228
Changes in assets and liabilities:    
Receivables 7,441 17,709
Other assets 4,202 147
Accounts payable (22,599) (36,832)
Billings in excess of costs 2,415 1,094
Deferred taxes (2,506) (1,103)
Compensation and other employee benefits 12,059 11,687
Other liabilities 547 (429)
Net cash provided by operating activities 9,914 1,685
Investing activities    
Purchases of capital assets (24) (31)
Proceeds from the disposition of assets 0 111
Net cash (used in) provided by investing activities (24) 80
Financing activities    
Repayments of long-term debt (3,500) (3,500)
Proceeds from revolver 18,000 59,000
Repayments of revolver (18,000) (59,000)
Proceeds from exercise of stock options 50 0
Payments of employee withholding taxes on share-based compensation (577) (627)
Net cash (used in) financing activities (4,027) (4,127)
Exchange rate effect on cash 175 989
Net change in cash 6,038 (1,373)
Cash-beginning of year 47,651 39,995
Cash-end of period 53,689 38,622
Supplemental Disclosure of Cash Flow Information:    
Interest paid 1,036 1,408
Income taxes paid $ 161 $ 2,320