Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands |
3 Months Ended |
12 Months Ended |
Apr. 03, 2020 |
Mar. 29, 2019 |
Dec. 31, 2019 |
| Operating activities |
|
|
|
| Net income |
$ 8,668
|
$ 7,074
|
|
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: |
|
|
|
| Depreciation expense |
996
|
788
|
|
| Amortization of intangible assets |
1,015
|
571
|
|
| Stock-based compensation |
2,367
|
1,462
|
|
| Amortization of debt issuance costs |
99
|
99
|
|
| Changes in assets and liabilities: |
|
|
|
| Receivables |
3,942
|
(12,650)
|
|
| Other assets |
(5,715)
|
94
|
|
| Accounts payable |
(162)
|
(11,367)
|
|
| Deferred taxes |
(1,522)
|
(1,090)
|
|
| Compensation and other employee benefits |
(9,733)
|
6,724
|
|
| Other liabilities |
1,182
|
1,909
|
|
| Net cash provided by (used in) operating activities |
1,137
|
(6,386)
|
|
| Investing activities |
|
|
|
| Purchases of capital assets and intangibles |
(917)
|
(9,886)
|
|
| Net cash used in investing activities |
(917)
|
(9,886)
|
|
| Financing activities |
|
|
|
| Repayments of long-term debt |
(1,500)
|
(1,000)
|
|
| Proceeds from revolver |
144,000
|
48,000
|
|
| Repayments of revolver |
(29,000)
|
(48,000)
|
|
| Proceeds from exercise of stock options |
1
|
602
|
|
| Payments of employee withholding taxes on share-based compensation |
(1,787)
|
(683)
|
|
| Net cash provided by (used in) financing activities |
111,714
|
(1,081)
|
|
| Exchange rate effect on cash |
(1,080)
|
(618)
|
|
| Net change in cash |
110,854
|
(17,971)
|
|
| Cash-beginning of year |
35,318
|
66,145
|
$ 66,145
|
| Cash-end of period |
146,172
|
48,174
|
$ 35,318
|
| Supplemental disclosure of cash flow information: |
|
|
|
| Interest paid |
1,469
|
988
|
|
| Income taxes paid (refunded) |
36
|
(296)
|
|
| Non-cash investing activities: |
|
|
|
| Purchase of capital assets on account |
$ (606)
|
$ (966)
|
|