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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 11, 2020
Jul. 13, 2019
Operating Activities:    
Net income $ 10,661 $ 2,143
Reconciling adjustments:    
Depreciation and amortization 2,234 2,266
Provision for doubtful accounts 325 259
Loss (gain) on disposal of property and equipment (2) 6
Stock-based compensation 493 341
Adjustments necessary to reconcile net income to net cash provided by operating activities 3,029 (4,822)
Changes in    
Net cash provided by operating activities 16,740 193
Investing Activities:    
Purchase of property and equipment (1,061) (1,377)
Acquisitions   (765)
Payment on note payable related to an acquisition (135) 0
Proceeds from sale of property and equipment 3 4
Net cash used by investing activities (1,193) (2,138)
Financing Activities:    
Proceeds from issuance of long-term debt 6,306 43,299
Payments on long-term debt (6,306) (35,906)
Proceeds from exercise of stock options   118
Deferred financing fees   (112)
Purchase of stock (1,326) (164)
Cash dividends paid (3,531) (3,618)
Director stock compensation 97 102
Net cash provided (used) by financing activities (4,760) 3,719
Net increase in cash and cash equivalents 10,787 1,774
Cash and Cash Equivalents, beginning of period 5,882 2,824
Cash and Cash Equivalents, end of period $ 16,669 4,598
Non-Cash Transactions    
Note payable for deferred purchase price obligation   $ (135)