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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
OPERATING ACTIVITIES:    
Net income $ 11,426 $ 10,501
Adjustments to reconcile net income to net cash used in operating activities, net of effect of acquired business:    
Depreciation and amortization 2,976 3,301
Right-of-use asset amortization 3,378 3,199
Deferred income taxes (197) (896)
Share-based compensation expense 1,037 842
Bad debt expense (recovery) (121) (13)
Unrealized foreign currency remeasurement (gains) losses, net 13 (284)
Changes in operating assets and liabilities:    
Accounts receivable 13,522 20,033
Unbilled services (20,632) (23,063)
Prepaid expenses and other current assets, and other assets (1,116) (2,733)
Forgivable loans (3,433) 4,140
Incentive cash awards 1,759 1,729
Accounts payable, accrued expenses, and other liabilities (66,422) (52,839)
Lease liabilities (4,028) (3,765)
Net cash used in operating activities (61,838) (39,848)
INVESTING ACTIVITIES:    
Purchases of property and equipment (1,346) (692)
Consideration paid for acquisition (10,639) 0
Net cash used in investing activities (11,985) (692)
FINANCING ACTIVITIES:    
Issuance of common stock, principally stock option exercises 341 1,113
Borrowings under revolving line of credit 60,000 42,000
Repayments under revolving line of credit 0 (2,000)
Tax withholding payments reimbursed by shares (897) (588)
Cash paid for contingent consideration 0 (2,357)
Cash dividends paid (2,377) (2,061)
Repurchase of common stock (4,956) (9,642)
Net cash provided by financing activities 52,111 26,465
Effect of foreign exchange rates on cash and cash equivalents (716) 27
Net decrease in cash and cash equivalents (22,428) (14,048)
Cash and cash equivalents at beginning of period 66,130 45,677
Cash at end of period 43,702 31,629
Noncash investing and financing activities:    
Increase (decrease) in accounts payable and accrued expenses for property and equipment (211) (294)
Right-of-use assets obtained in exchange for lease obligations 1,210 1,070
Restricted common stock issued for contingent consideration 0 2,250
Supplemental cash flow information:    
Cash paid for taxes 1,622 844
Cash paid for interest 97 24
Cash paid for amounts included in operating lease liabilities $ 5,285 $ 5,157