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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jul. 01, 2022
Cash flows from operating activities:    
Net income $ 16,881 $ 20,720
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 1,636 1,630
Amortization expense   154
Amortization of debt issuance costs 36 28
Non-cash stock based compensation expense 5,219 5,317
Provision for doubtful accounts 303 204
Loss (gain) on foreign currency translation 605 (968)
Deferred income tax expense 2,390 1,064
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable and contract assets (9,772) 1,079
(Increase) decrease in prepaid expenses and other assets (1,710) 3,369
Decrease in accounts payable (3,266) (2,277)
Decrease in accrued expenses and other liabilities (6,459) (7,613)
Increase (decrease) in contract liabilities 1,174 (366)
(Decrease) increase in income tax payable (2,387) 1,948
Net cash provided by operating activities 4,650 24,289
Cash flows from investing activities:    
Purchases of property and equipment (2,125) (2,267)
Net cash used in investing activities (2,125) (2,267)
Cash flows from financing activities:    
Debt issuance costs (13) (10)
Proceeds from borrowings 5,000  
Repayment of borrowings (12,000)  
Proceeds from ESPP 481 407
Proceeds from the exercise of stock options   120
Dividends paid (5,987) (3,475)
Repurchase of common stock (4,379) (3,142)
Net cash used in financing activities (16,898) (6,100)
Effect of exchange rate on cash (48) (36)
Net (decrease) increase in cash and cash equivalents (14,421) 15,886
Cash at beginning of period 30,255 45,794
Cash at end of period 15,834 61,680
Supplemental disclosure of cash flow information:    
Cash paid (refunded) for income taxes 5,192 (34)
Cash paid for interest 1,819 28
Supplemental disclosure of non-cash flow investing and financing activities:    
Dividend declared during the quarter and paid the following quarter $ 2,991 $ 3,480