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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 19, 2022
Operating Activities:    
Net income $ (952) $ 6,654
Depreciation and amortization 1,396 1,473
Provision for doubtful accounts 0 99
Stock-based compensation 459 388
Common stock issued in lieu of bonus to officers 395 0
Adjustments necessary to reconcile net income to net cash provided by operating activities 3,218 (11,486)
Net cash provided (used) by operating activities 4,516 (2,872)
Investing Activities:    
Purchase of property and equipment (704) (730)
Acquisitions 0 (34,616)
Net cash used by investing activities (704) (35,346)
Financing Activities:    
Proceeds from issuance of long-term debt 35,231 72,830
Payments on long-term debt (34,887) (30,376)
Deferred financing fees 0 (180)
Cash dividends paid (2,059) (2,038)
Net cash provided (used) by financing activities (1,715) 40,236
Net increase in cash and cash equivalents 2,097 2,018
Cash and cash equivalents, beginning of period 3,967 4,374
Cash and cash equivalents, end of period $ 6,064 $ 6,392