XML 22 R8.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jan. 01, 2021
Dec. 27, 2019
Dec. 28, 2018
Cash flows from operating activities:      
Net income $ 5,473 $ 23,277 $ 23,909
Less loss from discontinued operations, net of taxes (172) (6) (3,450)
Net income from continuing operations 5,645 23,283 27,359
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities from continuing operations:      
Depreciation expense 3,502 3,206 2,465
Amortization expense 977 1,036 2,369
Impairment of assets 3,885 1,180 6,269
Amortization of debt issuance costs 69 91 91
Provision for doubtful accounts 342 1,111 668
Gain on foreign currency transactions (49) (90) (592)
Non-cash stock compensation expense 9,740 7,716 9,310
Deferred income tax (benefit) expense (1,438) 999 223
Changes in assets and liabilities, net of acquisition:      
Decrease (increase) in accounts receivable and contract assets 16,876 4,262 (2,556)
Decrease (increase) in prepaid expenses and other assets 261 1,450 (1,870)
(Decrease) increase in accounts payable (2,397) 1,065 (1,005)
Increase (decrease) in accrued expenses and other liabilities 6,820 (2,944) (11,699)
Net cash provided by operating activities of continuing operations 44,233 42,365 31,032
Net cash (used in) provided by operating activities of discontinued operations (172) (4) 1,379
Net cash provided by operating activities 44,061 42,361 32,411
Cash flows from investing activities:      
Purchases of property and equipment (1,893) (4,568) (9,637)
Cash consideration paid for acquisitions   (1,010)  
Net cash used in investing activities (1,893) (5,578) (9,637)
Cash flows from financing activities:      
Proceeds from borrowings   1,000 5,000
Payment of debt borrowings   (7,500) (17,500)
Debt issuance costs (21)    
Dividends paid (14,937) (11,196) (10,048)
Proceeds from issuance of common stock 751 806 778
Repurchases of common stock (4,508) (7,807) (4,786)
Net cash used in financing activities (18,715) (24,697) (26,556)
Effect of exchange rate on cash 48 60 78
Net increase (decrease) in cash 23,501 12,146 (3,704)
Cash at beginning of year 25,954 13,808 17,512
Cash at end of year 49,455 25,954 13,808
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 4,651 5,805 7,962
Cash paid for interest $ 57 231 $ 541
Supplemental disclosure of non-cash investing and financing activities:      
Shares issued to sellers and key personnel of Jibe Consulting and Aecus Limited   $ 973