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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
OPERATING ACTIVITIES:    
Net income $ 34,946 $ 33,012
Adjustments to reconcile net income to net cash provided by (used in) operating activities, net of effect of acquired business:    
Depreciation and amortization 9,060 9,657
Right-of-use asset amortization 10,260 9,711
Deferred income taxes (157) (1,357)
Share-based compensation expense 3,567 2,830
Bad debt expense (recovery) (345) 44
Unrealized foreign currency remeasurement (gains) losses, net (662) (220)
Changes in operating assets and liabilities:    
Accounts receivable (17,989) 3,172
Unbilled services (30,864) (25,213)
Prepaid expenses and other current assets, and other assets (1,883) (2,850)
Forgivable loans (7,361) 9,304
Incentive cash awards 4,863 5,030
Accounts payable, accrued expenses, and other liabilities (26,336) (17,668)
Lease liabilities (12,114) (11,549)
Net cash provided by (used in) operating activities (35,015) 13,903
INVESTING ACTIVITIES:    
Purchases of property and equipment (2,999) (1,730)
Consideration paid for acquisition, net (10,185) 0
Net cash used in investing activities (13,184) (1,730)
FINANCING ACTIVITIES:    
Issuance of common stock, principally stock option exercises 760 5,005
Borrowings under revolving line of credit 124,000 72,000
Repayments under revolving line of credit (79,000) (66,000)
Payments for debt issuance costs (1,008) 0
Tax withholding payments reimbursed by shares (1,002) (588)
Cash paid for contingent consideration 0 (2,357)
Cash dividends paid (6,860) (5,903)
Repurchase of common stock (27,630) (39,977)
Net cash provided by (used in) financing activities 9,260 (37,820)
Effect of foreign exchange rates on cash and cash equivalents (3,098) (365)
Net decrease in cash and cash equivalents (42,037) (26,012)
Cash and cash equivalents at beginning of period 66,130 45,677
Cash and cash equivalents at end of period 24,093 19,665
Noncash investing and financing activities:    
Increase (decrease) in accounts payable and accrued expenses for property and equipment (201) (7)
Right-of-use assets obtained in exchange for lease obligations 2,146 1,751
Restricted common stock issued for contingent consideration 0 2,250
Supplemental cash flow information:    
Cash paid for taxes 11,407 12,484
Cash paid for interest 1,026 528
Cash paid for amounts included in operating lease liabilities $ 15,864 $ 15,556