XML 16 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2019
Mar. 30, 2018
Cash flows from operating activities:    
Net income $ 7,094 $ 7,367
Less gain from discontinued operations 45 66
Net income from continuing operations 7,049 7,301
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 606 580
Amortization expense 299 613
Amortization of debt issuance costs 23 23
Non-cash stock compensation expense 1,704 2,684
Provision for doubtful accounts 507 68
(Gain) loss on foreign currency translation (64) 200
Release of valuation allowance 1,714 1,389
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable and unbilled revenue (1,592) 3,089
(Increase) decrease in prepaid expenses and other assets 301 (1,202)
Increase (decrease) in accounts payable (1,054) 187
Increase (decrease) in accrued expenses and other liabilities (2,176) 3,092
Decrease in income tax payable (603) (887)
Net cash provided by operating activities 6,759 17,203
Cash flows from investing activities:    
Purchases of property and equipment (1,505) (2,363)
Net cash used in investing activities (1,505) (2,363)
Cash flows from financing activities:    
Proceeds from borrowings 1,000  
Dividends paid (5,407) (4,656)
Repurchase of common stock (3,990) (3,967)
Net cash used in financing activities (8,397) (8,623)
Effect of exchange rate on cash (6) (63)
Net increase (decrease) in cash and cash equivalents (3,149) 6,154
Cash at beginning of period 13,808 17,512
Cash at end of period 10,659 23,666
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 315 69
Cash paid for interest $ 87 $ 141