XML 42 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
OPERATING ACTIVITIES:    
Net income $ 33,012 $ 17,802
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 9,657 9,293
Right-of-use asset amortization 9,711 8,900
Deferred income taxes (1,357) 496
Share-based compensation expense 2,830 2,357
Accounts receivable allowances 327 (894)
Unrealized foreign currency remeasurement (gains) losses, net (220) 129
Changes in operating assets and liabilities:    
Accounts receivable 2,889 1,952
Unbilled services, net (25,213) (14,994)
Prepaid expenses and other current assets, and other assets (2,850) (979)
Forgivable loans 9,304 (18,963)
Incentive cash awards 5,030 4,862
Accounts payable, accrued expenses, and other liabilities (17,668) (15,087)
Lease liabilities (11,549) (5,526)
Net cash provided by (used in) operating activities 13,903 (10,652)
INVESTING ACTIVITIES:    
Purchases of property and equipment (1,730) (15,742)
Net cash used in investing activities (1,730) (15,742)
FINANCING ACTIVITIES:    
Issuance of common stock, principally stock option exercises 5,005 1,667
Borrowings under revolving line of credit 72,000 77,000
Repayments under revolving line of credit (66,000) (39,000)
Tax withholding payments reimbursed by shares (588) (390)
Cash paid for contingent consideration (2,357) 0
Cash dividends paid (5,903) (5,412)
Repurchase of common stock (39,977) (8,807)
Net cash provided by (used in) financing activities (37,820) 25,058
Effect of foreign exchange rates on cash and cash equivalents (365) (195)
Net decrease in cash and cash equivalents (26,012) (1,531)
Cash and cash equivalents at beginning of period 45,677 25,639
Cash and cash equivalents at end of period 19,665 24,108
Noncash investing and financing activities:    
Purchases of property and equipment not yet paid for 7 3,923
Asset retirement obligations 0 155
Right-of-use assets obtained in exchange for lease obligations 1,751 2,601
Restricted common stock issued for contingent consideration 2,250 0
Supplemental cash flow information:    
Cash paid for taxes 12,484 5,933
Cash paid for interest 528 932
Cash paid for amounts included in operating lease liabilities $ 15,556 $ 13,736