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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 09, 2022
Jul. 10, 2021
Operating Activities:    
Net income $ 12,327 $ 13,568
Depreciation and amortization 3,603 2,709
Provision for doubtful accounts 258 (152)
Stock-based compensation 1,076 437
Gain on disposal of property and equipment   (26)
Adjustments necessary to reconcile net income to net cash used by operating activities (17,589) (17,030)
Net cash used by operating activities (325) (494)
Investing Activities:    
Purchase of property and equipment (1,536) (4,278)
Proceeds from sale of property and equipment   42
Acquisitions (35,757)  
Net cash used by investing activities (37,293) (4,236)
Financing Activities:    
Proceeds from issuance of long-term debt 124,571 162,666
Payments on long-term debt (80,927) (142,739)
Proceeds from exercise of stock options   144
Purchase of stock   (4,420)
Director stock compensation 51 135
Deferred financing fees (180) (33)
Cash dividends paid (4,076) (3,887)
Net cash provided by financing activities 39,439 11,866
Net increase in cash and cash equivalents 1,821 7,136
Cash and cash equivalents, beginning of period 4,374 3,505
Cash and cash equivalents, end of period $ 6,195 $ 10,641