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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
Operating Activities:      
Net income $ 7,258 $ 20,442 $ 14,061
Reconciling adjustments:      
Depreciation and amortization 4,031 3,857 3,910
Provision for doubtful accounts 322 155 775
Stock option and restricted stock unit expense 513 604 522
Equity in net income of joint venture investments 0 (121) (1,634)
Deferred income taxes 128 940 (2,947)
Gain on sale of equity method investment 0 (13,020) 0
Gain on insurance proceeds received for damage to property 0 (377) 0
Gain on bargain purchase 0 0 (256)
Loss (gain) on disposals of assets 7 0 (5)
Proceeds from Equity Method Investment, Distribution 0 2,323 2,168
Changes in      
Accounts receivable 4,911 (1,140) (3,366)
Inventories (3,147) (3,359) (468)
Prepaids and other assets 1,971 194 (507)
Accounts payable and accrued expenses 44 (3,992) 1,110
Net cash provided by operating activities 16,038 6,506 13,363
Investing Activities:      
Purchase of property and equipment (2,185) (2,818) (2,745)
Acquisitions (765) (7,169) (1,450)
Proceeds from sale of equity investment 0 33,705 0
Insurance proceeds received for damage to property 0 1,154 0
Proceeds from sale of property and equipment 4 0 5
Net cash provided (used) by investing activities (2,946) 24,872 (4,190)
Financing Activities:      
Dividends paid (7,204) (7,215) (6,607)
Proceeds from issuance of long-term debt 77,502 28,024 56,713
Payments on long-term debt (77,502) (51,145) (59,031)
Proceeds from exercise of stock options 118 54 159
Deferred financing fees (112) 0 0
Purchase of stock (2,938) (10) 0
Director stock compensation 102 166 152
Net cash used in financing activities (10,034) (30,126) (8,614)
Increase in Cash and Cash Equivalents 3,058 1,252 559
Cash and Cash Equivalents, beginning of year 2,824 1,572 1,013
Cash and Cash Equivalents, end of year 5,882 2,824 1,572
Supplemental Cash Flows Information      
Interest paid 346 423 792
Income taxes paid 1,383 4,844 3,816
Non-Cash Transactions      
Fair value of assets acquired 900 9,285 2,018
Cash paid for assets (765) (7,169) (1,450)
Consideration of holdback provision 0 286 0
Note payable for deferred purchase price obligation (135) 0 0
Liabilities assumed $ 0 $ 2,402 $ 568