XML 20 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Cash flows from operating activities:    
Net income $ 2,715 $ 2,010
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 1,567 1,757
Increase in contingent consideration 47 781
Goodwill impairment 0 3,478
Share-based compensation expense 544 770
Provision for losses on accounts receivable 1,106 210
Deferred income tax (benefit) expense 1,430 (2,336)
Changes in assets and liabilities:    
Accounts receivable (7,681) (459)
Transit accounts receivable 392 1,330
Prepaid expenses and other current assets (170) (293)
Accounts payable and accrued expenses 1,021 (318)
Transit accounts payable (2,108) (2,160)
Accrued payroll and related costs 1,335 483
Income taxes payable (262) (182)
Total adjustments (2,779) 3,061
Net cash (used in) provided by operating activities (64) 5,071
Cash flows from investing activities:    
Property and equipment acquired (1,518) (1,040)
Decrease in deposits 1
Cash payments for business acquired (1,066) (763)
Net cash used in investing activities (2,583) (1,803)
Cash flows from financing activities:    
Borrowings under line of credit 90,329 92,918
Repayments on line of credit (90,068) (79,950)
Sale of stock for employee stock purchase plan 385 394
Exercise of stock options 65
Common stock repurchases (365)
Dividends paid to shareholders (12,194)
Contingent consideration paid (300) (1,694)
Net cash provided by (used in) financing activities 346 (826)
Effect of exchange rate changes on cash and cash equivalents (68) 130
(Decrease) increase in cash and cash equivalents (2,369) 2,572
Cash and cash equivalents at beginning of period 2,851 279
Cash and cash equivalents at end of period 482 2,851
Supplemental cash flow information:    
Interest 1,160 500
Income taxes 350 522
Non-cash investing activities:    
Contingent consideration relating to acquisitions 2,935 1,774
Value of shares issued pursuant to acquisition 1,878
Net liabilities assumed pursuant to acquisition 750 122
Non-cash financing activities:    
Dividend declared but unpaid on unvested restricted share units 87
Accrued dividends forfeited 6
Vesting of restricted share units $ 109 $ 1,294