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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Cash flows from operating activities:    
Net income $ 26,066 $ 26,301
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation expense 2,824 2,528
Amortization of debt issuance costs 56 54
Non-cash stock based compensation expense 9,272 7,930
Provision for doubtful accounts 275 219
Loss on foreign currency translation 509 263
Deferred income tax expense 459 1,617
Changes in assets and liabilities, net of acquisition:    
Increase in accounts receivable and contract assets (8,895) (14,134)
Increase in prepaid expenses and other assets (1,244) (1,482)
Decrease in accounts payable (2,277) (3,701)
Decrease in accrued expenses and other liabilities (2,387) (5,619)
Increase (decrease) in contract liabilities 468 (409)
Increase (decrease) in income tax payable 1,963 (1,750)
Net cash provided by operating activities 27,089 11,817
Cash flows from investing activities:    
Purchases of property and equipment (3,061) (3,203)
Acquisition of business, net of cash acquired (6,541)  
Net cash used in investing activities (9,602) (3,203)
Cash flows from financing activities:    
Debt issuance costs (28) (14)
Debt proceeds   5,000
Repayments of debt (13,000) (21,000)
Proceeds from ESPP 535 481
Taxes paid to satisfy employee withholding tax obligations (4,070) (3,712)
Dividends paid (9,070) (8,978)
Repurchase of common stock (2,792) (734)
Net cash used in financing activities (28,425) (28,957)
Effect of exchange rate on cash (55) (33)
Net decrease in cash (10,993) (20,376)
Cash at beginning of period 20,957 30,255
Cash at end of period 9,964 9,879
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 6,653 8,719
Cash paid for interest 1,592 2,690
Supplemental disclosure of non-cash flow financing activities:    
Dividend declared during the quarter and paid the following quarter $ 3,041 $ 2,994