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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
OPERATING ACTIVITIES:    
Net income $ 8,918 $ 11,426
Adjustments to reconcile net income to net cash used in operating activities, net of effect of acquired businesses:    
Depreciation and amortization 2,943 2,976
Right-of-use asset amortization 3,570 3,378
Deferred income taxes (236) (197)
Share-based compensation expense 940 1,037
Bad debt expense (recovery) 0 (121)
Unrealized foreign currency remeasurement (gains) losses, net (20) 13
Changes in operating assets and liabilities:    
Accounts receivable 17,659 13,522
Unbilled services (19,012) (20,632)
Prepaid expenses and other current assets, and other assets 875 (1,116)
Forgivable loans (9,982) (3,433)
Incentive cash awards 1,929 1,759
Accounts payable, accrued expenses, and other liabilities (73,233) (66,422)
Lease liabilities (4,402) (4,028)
Net cash used in operating activities (70,051) (61,838)
INVESTING ACTIVITIES:    
Purchases of property and equipment (562) (1,346)
Consideration paid for acquisition, net (570) (10,639)
Net cash used in investing activities (1,132) (11,985)
FINANCING ACTIVITIES:    
Issuance of common stock, principally stock option exercises 0 341
Borrowings under revolving line of credit 105,000 60,000
Repayments under revolving line of credit (5,000) 0
Tax withholding payments reimbursed by shares (1,873) (897)
Cash dividends paid (2,702) (2,377)
Repurchase of common stock (20,577) (4,956)
Net cash provided by financing activities 74,848 52,111
Effect of foreign exchange rates on cash and cash equivalents 407 (716)
Net increase (decrease) in cash and cash equivalents 4,072 (22,428)
Cash and cash equivalents at beginning of period 31,447 66,130
Cash and cash equivalents at end of period 35,519 43,702
Noncash investing and financing activities:    
Increase (decrease) in accounts payable and accrued expenses for property and equipment 23 (211)
Excise tax on share repurchases (173) 0
Right-of-use assets obtained in exchange for lease obligations 0 1,210
Supplemental cash flow information:    
Cash paid for taxes 1,081 1,622
Cash paid for interest 124 97
Cash paid for amounts included in operating lease liabilities $ 5,474 $ 5,285