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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2019
Jun. 29, 2018
Cash flows from operating activities:    
Net income $ 14,083 $ 18,888
Less loss from discontinued operations (6) (85)
Net income from continuing operations 14,089 18,973
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 1,435 1,204
Amortization expense 553 1,204
Amortization of debt issuance costs 46 46
Non-cash stock compensation expense 3,802 4,412
Provision for doubtful accounts 606 196
Gain on foreign currency translation (57) (297)
Release of valuation allowance 1,714 1,860
Changes in assets and liabilities:    
Increase in accounts receivable and unbilled revenue (246) (1,551)
(Increase) decrease in prepaid expenses and other assets 324 (953)
Decrease in accounts payable (661) (34)
Decrease in accrued expenses and other liabilities (4,311) (5,895)
Increase (decrease) in income tax payable 744 (4,247)
Net cash provided by operating activities 18,032 14,833
Cash flows from investing activities:    
Purchases of property and equipment (2,819) (5,161)
Net cash used in investing activities (2,819) (5,161)
Cash flows from financing activities:    
Proceeds from issuance of common stock 418 387
Proceeds from borrowings 1,000  
Repayment of borrowings (3,000) (5,500)
Dividends paid (5,407) (4,656)
Repurchase of common stock (5,443) (4,149)
Net cash used in financing activities (12,432) (13,918)
Effect of exchange rate on cash 93 4
Net increase (decrease) in cash and cash equivalents 2,874 (4,242)
Cash at beginning of period 13,808 17,512
Cash at end of period 16,682 13,270
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 1,578 5,400
Cash paid for interest $ 149 $ 296