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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 19, 2022
Mar. 20, 2021
Operating Activities:    
Net income $ 6,654 $ 5,442
Depreciation and amortization 1,473 1,134
Provision for doubtful accounts 99 55
Stock-based compensation 388 111
Loss (gain) on disposal of property and equipment   (26)
Adjustments necessary to reconcile net income to net cash provided by operating activities (11,486) (16,958)
Net cash used by operating activities (2,872) (10,242)
Investing Activities:    
Purchase of property and equipment (730) (1,451)
Proceeds from sale of property and equipment   42
Acquisitions (34,616)  
Net cash used by investing activities (35,346) (1,409)
Financing Activities:    
Proceeds from issuance of long-term debt 72,830 49,072
Payments on long-term debt (30,376) (32,238)
Proceeds from exercise of stock options   144
Purchase of stock   (1,003)
Deferred financing fees (180)  
Cash dividends paid (2,038) (1,950)
Net cash provided by financing activities 40,236 14,025
Net increase in cash and cash equivalents 2,018 2,374
Cash and cash equivalents, beginning of period 4,374 3,505
Cash and cash equivalents, end of period $ 6,392 $ 5,879