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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 25, 2017
Mar. 19, 2016
Operating Activities:    
Net income $ 1,388 $ 1,697
Depreciation and amortization 901 1,610
Gain on disposal of property and equipment (4) (154)
Stock-based compensation 114 107
Gain on bargain purchase (256) 0
Dividends received from equity method investments 2,168 1,060
Adjustments necessary to reconcile net income to net cash provided by operating activities 1,558 (2,643)
Net cash provided by operating activities 5,869 1,677
Investing Activities:    
Purchase of property and equipment (197) (546)
Acquisitions (1,401) (9,459)
Proceeds from sale of property and equipment 4 193
Net cash used by investing activities (1,594) (9,812)
Financing Activities:    
Proceeds from issuance of long-term debt 13,954 24,315
Payments on long-term debt (15,142) (13,604)
Proceeds from exercise of stock options 86 353
Deferred financing fees 0 (83)
Cash dividends paid (1,650) (1,568)
Net cash provided by (used by) financing activities (2,752) 9,413
Net increase in cash and cash equivalents 1,523 1,278
Cash and cash equivalents, beginning of period 1,013 1,982
Cash and cash equivalents, end of period 2,536 3,260
Supplemental Cash Flows Information    
Dividends payable 0 2
Non-Cash Transactions    
Note payable for deferred purchase price obligation $ 50 $ 0