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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 15, 2017
Jul. 09, 2016
Operating Activities:    
Net income $ 3,484 $ 3,787
Depreciation and amortization 2,192 3,498
Gain on disposal of property and equipment (4) (154)
Stock-based compensation 288 243
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 1,009 (4,053)
Net cash provided by operating activities 8,881 4,381
Investing Activities:    
Purchase of property and equipment (1,382) (1,817)
Acquisitions (1,401) (9,459)
Proceeds from sale of property and equipment 4 193
Net cash used by investing activities (2,779) (11,083)
Financing Activities:    
Proceeds from issuance of long-term debt 29,400 40,036
Payments on long-term debt (31,203) (29,336)
Proceeds from exercise of stock options 118 364
Deferred financing fees 0 (83)
Cash dividends paid (3,302) (3,142)
Director stock compensation 152 144
Net cash provided by (used by) financing activities (4,835) 7,983
Net increase in cash and cash equivalents 1,267 1,281
Cash and cash equivalents, beginning of period 1,013 1,982
Cash and cash equivalents, end of period 2,280 3,263
Supplemental Cash Flows Information    
Dividends payable 0 6
Non-Cash Transactions    
Note payable for deferred purchase price obligation $ 50 $ 0