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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 25, 2020
Sep. 27, 2019
Cash flows from operating activities:    
Net income $ 4,580 $ 20,992
Less loss from discontinued operations (165) (4)
Net income from continuing operations 4,745 20,996
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 2,600 2,320
Amortization expense 723 789
Amortization of debt issuance costs 58 68
Non-cash stock compensation expense 7,034 5,733
Provision for doubtful accounts 413 719
Gain on foreign currency translation (165) (384)
Deferred income tax (benefit) expense (417) 1,277
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable and contract assets 13,248 (3,904)
(Increase) decrease in prepaid expenses and other assets (328) 803
Decrease in accounts payable (3,449) (2,213)
Increase (decrease) in accrued expenses and other liabilities 6,666 (1,463)
Increase in income tax payable 193 1,803
Net cash provided by operating activities 31,156 26,540
Cash flows from investing activities:    
Purchases of property and equipment (1,498) (3,719)
Net cash used in investing activities (1,498) (3,719)
Cash flows from financing activities:    
Proceeds from issuance of common stock 374 418
Proceeds from borrowings   1,000
Repayment of borrowings   (5,000)
Debt issuance costs 21  
Dividends paid (8,854) (11,196)
Repurchase of common stock (4,025) (5,531)
Net cash used in financing activities (12,526) (20,309)
Effect of exchange rate on cash 81 103
Net increase in cash 17,213 2,615
Cash at beginning of period 25,954 13,808
Cash at end of period 43,167 16,423
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 2,385 3,410
Cash paid for interest $ 43 $ 227