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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 03, 2020
Oct. 05, 2019
Operating Activities:    
Net income $ 20,847 $ 4,683
Reconciling adjustments:    
Depreciation and amortization 3,252 3,266
Provision for doubtful accounts 394 277
Loss (gain) on disposal of property and equipment (2) 6
Stock-based compensation 756 409
Adjustments necessary to reconcile net income to net cash provided by operating activities (14,378) (1,453)
Net cash provided by operating activities 10,869 7,188
Investing Activities:    
Purchase of property and equipment (3,064) (1,849)
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 (3,196) (2,610)
Financing Activities:    
Proceeds from long-term debt 8,493 65,191
Payments on long-term debt (8,493) (59,969)
Proceeds from exercise of stock options   118
Deferred financing fees   (112)
Purchase of stock (1,326) (2,083)
Cash dividends paid (5,515) (5,423)
Director stock compensation 97 102
Net cash used by financing activities (6,744) (2,176)
Net increase in cash and cash equivalents 929 2,402
Cash and cash equivalents, beginning of period 5,882 2,824
Cash and cash equivalents, end of period $ 6,811 5,226
Non-Cash Transactions    
Note payable for deferred purchase price obligation   $ (135)