XML 20 R8.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Jan. 01, 2021
Dec. 27, 2019
Cash flows from operating activities:      
Net income $ 41,545 $ 5,473 $ 23,277
Plus loss from discontinued operations, net of taxes (7) (172) (6)
Net income from continuing operations 41,552 5,645 23,283
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities from continuing operations:      
Depreciation expense 3,361 3,502 3,206
Amortization expense 1,016 977 1,036
Impairment of assets   3,885 1,180
Amortization of debt issuance costs 45 69 91
Provision for doubtful accounts 374 342 1,111
Gain on foreign currency transactions (130) (49) (90)
Non-cash stock compensation expense 10,122 9,740 7,716
Deferred income tax (benefit) expense 1,469 (1,438) 999
Changes in assets and liabilities, net of acquisition:      
(Increase) decrease in accounts receivable and contract assets (18,241) 16,876 4,262
(Increase) decrease in prepaid expenses and other assets (2,153) 261 1,450
Increase (decrease) in accounts payable 1,580 (2,397) 1,065
Increase (decrease) in accrued expenses and other liabilities 7,365 6,820 (2,944)
Net cash provided by operating activities of continuing operations 46,360 44,233 42,365
Net cash used in operating activities of discontinued operations (7) (172) (4)
Net cash provided by operating activities 46,353 44,061 42,361
Cash flows from investing activities:      
Purchases of property and equipment (3,242) (1,893) (4,568)
Cash consideration paid for acquisitions     (1,010)
Net cash used in investing activities (3,242) (1,893) (5,578)
Cash flows from financing activities:      
Proceeds from borrowings     1,000
Payment of debt borrowings     (7,500)
Debt issuance costs (4) (21)  
Dividends paid (12,885) (14,937) (11,196)
Proceeds from issuance of common stock 755 751 806
Repurchases of common stock (34,605) (4,508) (7,807)
Net cash used in financing activities (46,739) (18,715) (24,697)
Effect of exchange rate on cash (33) 48 60
Net (decrease) increase in cash (3,661) 23,501 12,146
Cash at beginning of year 49,455 25,954 13,808
Cash at end of year 45,794 49,455 25,954
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 9,103 4,651 5,805
Cash paid for interest $ 57 $ 57 231
Supplemental disclosure of non-cash investing and financing activities:      
Shares issued to sellers and key personnel of Jibe Consulting and Aecus Limited     973
Dividend declared during the year and paid the following year     $ 5,791