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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 23, 2019
Mar. 24, 2018
Operating Activities:    
Net income $ 267 $ 1,216
Depreciation and amortization 936 913
Gain on disposal of property and equipment 0 0
Stock-based compensation 144 161
Adjustments necessary to reconcile net income to net cash provided by operating activities (1,099) 1,384
Net cash provided by operating activities 248 3,674
Investing Activities:    
Purchase of property and equipment (623) (206)
Net cash used by investing activities (623) (206)
Financing Activities:    
Proceeds from issuance of long-term debt 14,200 12,888
Payments on long-term debt (10,538) (13,318)
Proceeds from exercise of stock options 118 54
Deferred financing fees (96) 0
Purchase of stock (25) 0
Cash dividends paid (1,809) (1,801)
Net cash provided (used) by financing activities 1,850 (2,177)
Net increase in cash and cash equivalents 1,475 1,291
Cash and cash equivalents, beginning of period 2,824 1,572
Cash and cash equivalents, end of period $ 4,299 $ 2,863