XML 17 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 30, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 7,367 $ 7,874
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 580 639
Amortization expense 613 386
Amortization of debt issuance costs 23 23
Non-cash stock compensation expense 2,684 2,100
Provision (reversal) for doubtful accounts 68 111
Loss (gain) on foreign currency translation 200 173
Deferred income tax expense 1,389 1,469
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable and unbilled revenue 3,089 (2,515)
Increase in prepaid expenses and other assets (1,202) (842)
Increase in accounts payable 187 2,565
Increase (decrease) in accrued expenses and other liabilities 3,092 (5,620)
Decrease in income tax payable (887) (1,487)
Net cash provided by operating activities 17,203 4,876
Cash flows from investing activities:    
Purchases of property and equipment (2,363) (1,634)
Net cash used in investing activities (2,363) (1,634)
Cash flows from financing activities:    
Proceeds from borrowings   8,000
Repayment of borrowings   (6,000)
Dividends paid (4,656) (4,023)
Exercise of stock options   200
Repurchase of common stock (3,967) (4,071)
Net cash used in financing activities (8,623) (5,894)
Effect of exchange rate on cash (63) (8)
Net increase (decrease) in cash and cash equivalents 6,154 (2,660)
Cash at beginning of period 17,512 19,710
Cash at end of period 23,666 17,050
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 69 7
Cash paid for interest $ 141 $ 69