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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash Flows From Operating Activities:    
Net income $ 8,691 $ 14,337
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,277 12,357
Non-cash lease expense 4,307 4,251
Provision for doubtful accounts 1,690 1,456
Stock-based compensation 6,880 4,167
Change in fair value of contingent consideration 0 49
Gain on disposals of property and equipment (350) (48)
Deferred income taxes (869) 477
Amortization of debt issuance costs 442 0
Changes in operating assets and liabilities, net of impact of acquisitions:    
Billed receivables (1,134) 5,511
Unbilled receivables (2,286) (5,188)
Prepaid expenses and other assets 2,117 (9,413)
Accounts payable 138 (3,816)
Accrued liabilities 1,922 968
Income taxes payable 613 (2,338)
Billings in excess of costs and estimated earnings on uncompleted contracts 5,241 (5,383)
Deposits 66 47
Net cash provided by operating activities 50,745 17,434
Cash Flows From Investing Activities:    
Cash paid for acquisitions (net of cash received from acquisitions) 0 (14,160)
Proceeds from sale of assets 437 0
Purchase of property and equipment (6,145) (1,626)
Net cash used in investing activities (5,708) (15,786)
Cash Flows From Financing Activities:    
Borrowings from Senior Credit Facility 0 10,000
Payments on notes payable (8,415) (6,738)
Payments of contingent consideration (913) (1,213)
Payments of borrowings from Senior Credit Facility (1,875) 0
Payments of debt issuance costs (447) 0
Net cash (used in) provided by financing activities (11,650) 2,049
Net increase in Cash and Cash Equivalents 33,387 3,697
Cash and cash equivalents – beginning of period 31,825 40,739
Cash and cash equivalents – end of period 65,212 44,436
Non-cash investing and financing activities:    
Notes payable and other obligations issued for acquisitions 0 8,100
Stock issuance for acquisitions 558 2,230
Finance leases 409 690
Payment of contingent consideration with common stock $ 278 $ 725