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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 02, 2021
Oct. 03, 2020
Operating Activities:    
Net income $ 19,534 $ 20,847
Depreciation and amortization 3,935 3,252
Provision for doubtful accounts (224) 394
Stock-based compensation 666 756
Gain on disposal of property and equipment (27) (2)
Adjustments necessary to reconcile net income to net cash used by operating activities (26,933) (14,378)
Net cash provided (used) by operating activities (3,049) 10,869
Investing Activities:    
Purchase of property and equipment (8,281) (3,064)
Proceeds from sale of property and equipment 43 3
Payment on note payable related to an acquisition   (135)
Net cash used by investing activities (8,238) (3,196)
Financing Activities:    
Proceeds from issuance of long-term debt 192,792 8,493
Payments on long-term debt (163,849) (8,493)
Proceeds from exercise of stock options 144  
Deferred financing fees (33)  
Purchase of stock (9,111) (1,326)
Cash dividends paid (5,804) (5,515)
Director stock compensation 135 97
Net cash provided (used) by financing activities 14,274 (6,744)
Net increase in cash and cash equivalents 2,987 929
Cash and cash equivalents, beginning of period 3,505 5,882
Cash and cash equivalents, end of period $ 6,492 $ 6,811