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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 05, 2019
Oct. 06, 2018
Operating Activities:    
Net income $ 4,683 $ 16,862
Depreciation and amortization 3,266 3,056
Loss on disposal of property and equipment 6 0
Stock-based compensation 409 468
Gain on sale of equity method investment 0 (13,020)
Gain on insurance proceeds received for damage to property   (241)
Dividends received from equity method investments   2,323
Adjustments necessary to reconcile net income to net cash provided by operating activities (1,176) (4,464)
Changes in    
Net cash provided by operating activities 7,188 4,984
Investing Activities:    
Purchase of property and equipment (1,849) (1,846)
Acquisitions (765) 0
Proceeds from sale of equity investment   33,705
Insurance proceeds received for damage to property   1,018
Proceeds from sale of property and equipment 4 0
Net cash provided (used) by investing activities (2,610) 32,877
Financing Activities:    
Proceeds from issuance of long-term debt 65,191 21,873
Payments on long-term debt (59,969) (44,994)
Proceeds from exercise of stock options 118 54
Deferred financing fees (112) 0
Purchase of stock (2,083) 0
Cash dividends paid (5,423) (5,410)
Director stock compensation 102 165
Net cash provided (used) by financing activities (2,176) (28,312)
Net increase in cash and cash equivalents 2,402 9,549
Cash and cash equivalents, beginning of period 2,824 1,572
Cash and cash equivalents, end of period 5,226 11,121
Non-Cash Transactions    
Note payable for deferred purchase price obligation $ 135 $ 0