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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Operating Activities:    
Net income $ 15,285 $ 19,534
Depreciation and amortization 5,207 3,935
Provision for doubtful accounts 258 (224)
Stock-based compensation 1,453 666
Gain on disposal of property and equipment (22) (27)
Adjustments necessary to reconcile net income to net cash used by operating activities (27,974) (26,933)
Net cash used by operating activities (5,793) (3,049)
Investing Activities:    
Purchase of property and equipment (1,792) (8,281)
Proceeds from sale of property and equipment 40 43
Acquisitions (35,757)  
Net cash used by investing activities (37,509) (8,238)
Financing Activities:    
Proceeds from issuance of long-term debt 180,355 192,792
Payments on long-term debt (131,183) (163,849)
Proceeds from exercise of stock options   144
Purchase of stock   (9,111)
Director stock compensation 51 135
Deferred financing fees (180) (33)
Cash dividends paid (6,115) (5,804)
Net cash provided by financing activities 42,928 14,274
Net increase (decrease) in cash and cash equivalents (374) 2,987
Cash and cash equivalents, beginning of period 4,374 3,505
Cash and cash equivalents, end of period $ 4,000 $ 6,492