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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jul. 01, 2018
Jun. 25, 2017
Cash flows from operating activities    
Net income $ 7,635,455 $ 3,586,357
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 351,110 283,801
Amortization 2,202,777 2,952,675
Loss on disposal of property and equipment 0 (17,904)
Contingent consideration adjustment 1,172,004 0
Amortization of deferred financing fees 308,041 95,777
Interest expense on earn out payable 361,543 578,155
Provision for doubtful accounts 17,875 12,227
Stock-based compensation 114,836 264,731
Deferred income taxes 798,318 (399,501)
Net changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable (3,465,231) (2,212,302)
Prepaid expenses (624,113) 315,284
Other current assets (107,371) (102,347)
Deposits (214,303) (74,010)
Accrued interest (115,970) 232,544
Accounts payable (774,680) (488,795)
Accrued expenses (134,139) 1,494,254
Accrued workers’ compensation (161,752) (592,130)
Other current liabilities (87,551) 198,628
Accrued taxes (781,031) 639,426
Other long-term liabilities (54,169) (26,554)
Net cash provided by operating activities 4,097,641 6,776,124
Cash flows from investing activities    
Business acquired, net of cash received 0 18,500,000
Capital expenditures (452,519) (836,592)
Net cash used in investing activities (452,519) (19,336,592)
Cash flows from financing activities    
Net payments under line of credit (4,020,190) (2,164,083)
Proceeds from issuance of long-term debt 0 20,000,000
Principal payments on long-term debt 12,847,750 0
Payments of dividends (4,828,076) (4,356,071)
Issuance cost of shares under the 2013 Long-Term Incentive Plan and Form S-3 registration statement, net of exercises 21,389,582 86,249
L. Allen Baker, Jr. option cancellation agreement (3,335,169) 0
Deferred financing costs 3,519 1,005,627
Net cash (used in) provided by financing activities (3,645,122) 12,560,468
Net change in cash and cash equivalents 0 0
Cash and cash equivalents, beginning of period 0 0
Cash and cash equivalents, end of period 0 0
Supplemental cash flow information:    
Cash paid for interest 1,163,830 470,956
Cash paid for taxes, net of refunds 1,325,147 2,048,010
Non-cash transactions:    
Leasehold improvements funded by landlord incentives $ 214,222 $ 0