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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 25, 2021
Dec. 26, 2020
Dec. 28, 2019
Operating Activities:      
Net Income $ 24,405 $ 25,934 $ 7,258
Reconciling adjustments:      
Depreciation and amortization 4,835 4,016 4,031
Provision for doubtful accounts (408) 473 322
Stock option and restricted stock unit expense 902 1,016 513
Deferred income taxes 567 656 128
Loss (gain) on disposals of assets (19) (2) 7
Changes in      
Accounts receivable (301) (29,905) 4,911
Inventories (19,894) (26,422) (3,147)
Prepaids and other assets (4,163) (42) 1,971
Accounts payable and accrued expenses (4,985) 26,909 44
Net cash provided by operating activities 939 2,633 16,038
Investing Activities:      
Purchase of property and equipment (9,696) (5,455) (2,185)
Acquisitions 0 (15,446) (765)
Payment on note payable related to an acquisition 0 (135) 0
Proceeds from sale of property and equipment 43 4 4
Net cash used in investing activities (9,653) (21,032) (2,946)
Financing Activities:      
Dividends paid (7,693) (7,466) (7,204)
Proceeds from issuance of long-term debt 232,065 84,044 77,502
Payments on long-term debt (204,601) (53,971) (77,502)
Proceeds from exercise of stock options 144 144 118
Deferred financing fees (33) (87) (112)
Purchase of stock (10,434) (6,739) (2,938)
Director stock compensation 135 97 102
Net cash provided by (used in) financing activities 9,583 16,022 (10,034)
Increase (decrease) in Cash and Cash Equivalents 869 (2,377) 3,058
Cash and Cash Equivalents, beginning of year 3,505 5,882 2,824
Cash and Cash Equivalents, end of year 4,374 3,505 5,882
Supplemental Cash Flows Information      
Interest paid 1,433 205 346
Income taxes paid 6,284 6,205 1,383
Information regarding the Company’s acquisitions in 2020 and 2019 are as follows:      
Fair value of assets acquired 0 16,277 900
Cash paid for assets 0 (15,446) (765)
Note payable for deferred purchase price obligation 0 0 (135)
Liabilities assumed $ 0 $ 831 $ 0