XML 25 R10.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2023
Jan. 01, 2023
Dec. 26, 2021
Cash flows from operating activities      
Net (loss) income $ (10,223,000) $ 25,361,000 $ 14,109,000
(Income) from discontinued operations 0 (1,235,000) (4,570,000)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:      
Depreciation 446,000 597,000 685,000
Amortization 7,328,000 3,457,000 3,013,000
Gain on sale of discontinued operations 0 (17,675,000) 0
Impairment losses 22,545,000 0 0
CARES Act credit 0 0 (2,368,000)
Loss on disposal of property and equipment 17,000 6,000 8,000
Contingent consideration adjustment 0 0 (2,403,000)
Amortization of debt issuance costs 199,000 172,000 75,000
Interest expense on contingent consideration payable 740,000 128,000 252,000
Provision for credit losses 798,000 315,000 221,000
Share-based compensation 1,029,000 1,085,000 1,058,000
Deferred income taxes, net of acquired deferred tax liability (5,075,000) 2,353,000 1,279,000
Net changes in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable 12,163,000 (14,793,000) (15,178,000)
Prepaid expenses and other current assets (2,159,000) (866,000) (200,000)
Deposits (83,000) 1,503,000 (126,000)
Software as a service 720,000 660,000 319,000
Accounts payable (492,000) (228,000) 156,000
Accrued payroll and expenses (7,426,000) 1,633,000 5,730,000
Accrued interest 165,000 171,000 24,000
Income taxes receivable and payable 729,000 (1,202,000) (560,000)
Other current liabilities (1,000,000) (4,551,000) 19,000
Operating leases (35,000) (127,000) (107,000)
Other long-term liabilities 0 (64,000) (78,000)
Net cash provided by (used in) continuing operating activities 20,386,000 (3,300,000) 1,358,000
Net cash (used in) provided by discontinued operating activities 0 (3,822,000) 5,305,000
Net cash provided by (used in) operating activities 20,386,000 (7,122,000) 6,663,000
Cash flows from investing activities      
Businesses acquired, net of cash acquired (6,917,000) (33,940,000) (3,791,000)
Business sold 0 30,722,000 0
Capital expenditures (2,597,000) (5,680,000) (3,204,000)
Proceeds from sale of property and equipment 0 0 5,000
Net cash used in continuing investing activities (9,514,000) (8,898,000) (6,990,000)
Net cash used in discontinued investing activities 0 (26,000) (34,000)
Net cash used in investing activities (9,514,000) (8,924,000) (7,024,000)
Cash flows from financing activities      
Net borrowings under line of credit 2,312,000 9,781,000 6,804,000
Proceeds from issuance of long-term debt 0 40,000,000 0
Principal payments on long-term debt (6,000,000) (26,863,000) (2,063,000)
Payments of dividends (6,507,000) (6,290,000) (4,567,000)
Issuance of ESPP shares 512,000 653,000 340,000
Issuance of shares under the 2013 Long-Term Incentive Plan and Form S-3 registration statement costs, net of exercises (10,000) (1,000) (41,000)
Contingent consideration paid (1,110,000) (1,110,000) 0
Debt issuance costs (69,000) (236,000) 0
Net cash (used in) provided by financing activities (10,872,000) 15,934,000 473,000
Net change in cash and cash equivalents 0 (112,000) 112,000
Cash and cash equivalents, beginning of year 0 112,000 0
Cash and cash equivalents, end of year 0 0 112,000
Supplemental cash flow information:      
Cash paid for interest, net 4,668,000 641,000 879,000
Cash paid for taxes, net of refunds $ 1,378,000 $ 7,562,000 $ 3,676,000