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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Cash Flows From Operating Activities:    
Net income $ 4,188 $ 5,543
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,040 6,113
Non-cash lease expense 1,704 2,009
Provision for doubtful accounts 215 206
Stock based compensation 3,379 1,798
Change in fair value of contingent consideration 0 49
(Gain) loss on disposals of property and equipment (339) 1
Deferred income taxes (1,614) (463)
Amortization of debt issuance costs 220 0
Changes in operating assets and liabilities, net of impact of acquisitions:    
Billed receivables 6,053 8,995
Unbilled receivables (7,764) 3,350
Prepaid expenses and other assets 1,962 (1,331)
Accounts payable 44 (3,240)
Accrued liabilities (8,061) (4,930)
Income taxes payable 1,365 1,521
Billings in excess of costs and estimated earnings on uncompleted contracts 1,204 (3,370)
Deposits 7 62
Net cash provided by operating activities 13,603 16,313
Cash Flows From Investing Activities:    
Cash paid for acquisitions (net of cash received from acquisitions) 0 (8,000)
Proceeds from sale of assets 425 0
Purchase of property and equipment (4,525) (690)
Net cash used in investing activities (4,100) (8,690)
Cash Flows From Financing Activities:    
Payments on notes payable (2,116) (1,848)
Payments of contingent consideration (650) (700)
Payments of debt issuance costs (236) 0
Net cash used in financing activities (3,002) (2,548)
Net increase in Cash and Cash Equivalents 6,501 5,075
Cash and cash equivalents – beginning of period 31,825 40,739
Cash and cash equivalents – end of period 38,326 45,814
Non-cash investing and financing activities:    
Notes payable and other obligations issued for acquisitions 0 4,500
Stock issuance for acquisitions 558 563
Finance leases 408 0
Payment of contingent consideration and other obligations with common stock $ 278 $ 725