XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Oct. 01, 2021
Cash flow from operating activities:    
Net income $ 5,382 $ 5,013
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 2,051 2,451
Equity-based compensation expense 1,869 1,974
Deferred income taxes (138) (269)
Deferred compensation benefits (152) (42)
Loss on the sale of property and equipment   13
Changes in assets and liabilities that provide (use) cash, excluding the effects of acquisitions:    
Accounts receivable 11,614 (6,803)
Prepaid and other current assets (395) (847)
Other long-term assets (41) (448)
Cash surrender value of life insurance 525 130
Accounts payable (10,159) (6,514)
Accrued compensation (63) 7,826
Income taxes payable / receivable 1,189 145
Advance billings on contracts 670 53
Other current liabilities 151 (440)
Other long-term liabilities 6 (9)
Net cash provided by operating activities 12,509 2,233
Cash flow from investing activities:    
Cash paid for acquisitions, net of cash acquired (16,568)  
Additions to property and equipment (479) (1,447)
Additions to capitalized software (285)  
Proceeds from sale of property & equipment 9  
Premiums paid for life insurance (594) (531)
Net cash used in investing activities (17,917) (1,978)
Cash flow from financing activities:    
Deferred debt financing costs   (1,274)
Proceeds from stock option plan exercises 215 366
Taxes remitted for shares withheld from equity-based compensation transactions (1,230) (389)
Proceeds from Employee Stock Purchase Plan 131 122
Net cash used in financing activities (884) (1,175)
Effect of exchange rates on cash and cash equivalents (2,539) (917)
Net decrease in cash and cash equivalents (8,831) (1,837)
Cash and cash equivalents at beginning of year 35,584 32,865
Cash and cash equivalents at end of quarter 26,753 $ 31,028
Supplemental disclosure of non-cash transactions    
Acquisition share issuance 1,178  
Acquisition stock option issuance $ 391