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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 27, 2020
Mar. 29, 2019
Cash flows from operating activities:    
Net income $ 5,527 $ 7,094
Less gain (loss) from discontinued operations (8) 45
Net income from continuing operations 5,535 7,049
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 800 606
Amortization expense 238 299
Amortization of debt issuance costs 23 23
Non-cash stock compensation expense 2,230 1,704
Provision for doubtful accounts 21 507
Gain on foreign currency translation (100) (64)
Release of valuation allowance 1,622 1,714
Changes in assets and liabilities:    
Increase in accounts receivable and unbilled revenue (3,357) (1,592)
(Increase) decrease in prepaid expenses and other assets (185) 301
Decrease in accounts payable (147) (1,054)
Decrease in accrued expenses and other liabilities (236) (2,176)
Increase (decrease) in income tax payable 85 (603)
Net cash provided by operating activities 6,521 6,759
Cash flows from investing activities:    
Purchases of property and equipment (533) (1,505)
Net cash used in investing activities (533) (1,505)
Cash flows from financing activities:    
Proceeds from borrowings   1,000
Dividends paid (5,790) (5,407)
Repurchase of common stock (2,969) (3,990)
Net cash used in financing activities (8,759) (8,397)
Effect of exchange rate on cash 97 (6)
Net decrease in cash and cash equivalents (2,674) (3,149)
Cash at beginning of period 25,954 13,808
Cash at end of period 23,280 10,659
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 350 315
Cash paid for interest $ 14 $ 87