XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 26, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 757 $ 1,847
Accounts receivable, net 32,986 59,760
Transit accounts receivable 198 4,906
Prepaid expenses and other current assets 2,180 4,144
Total current assets 36,121 70,657
Property and equipment, net 2,359 2,717
Other assets:    
Deposits 169 209
Deferred tax asset, net, domestic 2,688
Goodwill 16,354 16,354
Operating right of use asset 4,686 5,820
Intangible assets, net 176 416
Total other assets 24,073 22,799
Total assets 62,553 96,173
Current liabilities:    
Accounts payable and accrued expenses 7,478 6,220
Transit accounts payable 901 4,552
Accrued payroll and related costs 8,532 7,713
Finance lease payable 311 315
Income taxes payable 224 130
Operating right of use liability 1,984 2,134
Liability for contingent consideration from acquisitions 500 344
Total current liabilities 19,930 21,408
Finance lease payable 115 189
Liability for contingent consideration from acquisitions 2,322 2,714
Operating right of use liability, net of current position 2,922 3,921
Borrowings under line of credit 13,258 34,761
Total liabilities 38,926 63,770
Commitments and contingencies (note 16)
Stockholders’ equity:    
Preferred stock, $1.00 par value; 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.05 par value; 40,000,000 shares authorized; 16,144,966 shares issued and 11,463,655 shares outstanding at September 26, 2020 and 15,826,891 shares issued and 13,003,719 shares outstanding at December 28, 2019 807 791
Additional paid-in capital 109,027 108,452
Accumulated other comprehensive loss (2,704) (2,748)
Accumulated deficit (66,286) (59,105)
Treasury stock (4,681,311) shares at September 26, 2020 and (2,823,172) at December 28, 2019 at cost (17,217) (14,987)
Stockholders’ equity 23,627 32,403
Total liabilities and stockholders’ equity 62,553 96,173
Foreign Tax Authority [Member]    
Current liabilities:    
Deferred tax liability 379 382
Domestic Tax Authority [Member]    
Current liabilities:    
Deferred tax liability $ 395