Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands |
3 Months Ended |
9 Months Ended |
12 Months Ended |
Oct. 02, 2020 |
Apr. 03, 2020 |
Sep. 27, 2019 |
Mar. 29, 2019 |
Oct. 02, 2020 |
Sep. 27, 2019 |
Dec. 31, 2019 |
| Operating activities |
|
|
|
|
|
|
|
| Net income |
$ 10,391
|
$ 8,668
|
$ 7,841
|
$ 7,074
|
$ 20,170
|
$ 22,532
|
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
|
| Depreciation expense |
|
|
|
|
3,001
|
2,395
|
|
| Amortization of intangible assets |
1,000
|
|
800
|
|
3,031
|
2,103
|
|
| Loss on disposal of property, plant, and equipment |
|
|
|
|
63
|
2
|
|
| Stock-based compensation |
|
|
|
|
6,499
|
5,952
|
|
| Amortization of debt issuance costs |
|
|
|
|
286
|
301
|
|
| Changes in assets and liabilities: |
|
|
|
|
|
|
|
| Receivables |
|
|
|
|
3,584
|
(7,540)
|
|
| Other assets |
|
|
|
|
(8,826)
|
(5,820)
|
|
| Accounts payable |
|
|
|
|
(1,988)
|
(14,458)
|
|
| Deferred taxes |
|
|
|
|
(7,575)
|
(4,670)
|
|
| Compensation and other employee benefits |
|
|
|
|
813
|
17,863
|
|
| Other liabilities |
|
|
|
|
18,597
|
9,788
|
|
| Net cash provided by operating activities |
|
|
|
|
37,655
|
28,448
|
|
| Investing activities |
|
|
|
|
|
|
|
| Purchases of capital assets and intangibles |
|
|
|
|
(3,348)
|
(14,440)
|
|
| Proceeds from the disposition of assets |
|
|
|
|
0
|
5,400
|
|
| Acquisition of business, net of cash acquired |
|
|
|
|
0
|
(43,963)
|
|
| Net cash (used in) investing activities |
|
|
|
|
(3,348)
|
(53,003)
|
|
| Financing activities |
|
|
|
|
|
|
|
| Repayments of long-term debt |
|
|
|
|
(4,500)
|
(2,000)
|
|
| Proceeds from revolver |
|
|
|
|
151,000
|
226,000
|
|
| Repayments of revolver |
|
|
|
|
(151,000)
|
(226,000)
|
|
| Proceeds from exercise of stock options |
|
|
|
|
59
|
3,467
|
|
| Payments of employee withholding taxes on share-based compensation |
|
|
|
|
(1,918)
|
(768)
|
|
| Net cash (used in) provided by financing activities |
|
|
|
|
(6,359)
|
699
|
|
| Exchange rate effect on cash |
|
|
|
|
468
|
(1,239)
|
|
| Net change in cash |
|
|
|
|
28,416
|
(25,095)
|
|
| Cash-beginning of year |
|
$ 35,318
|
|
$ 66,145
|
35,318
|
66,145
|
$ 66,145
|
| Cash-end of period |
$ 63,734
|
|
$ 41,050
|
|
63,734
|
41,050
|
$ 35,318
|
| Supplemental disclosure of cash flow information: |
|
|
|
|
|
|
|
| Interest paid |
|
|
|
|
3,030
|
4,363
|
|
| Income taxes paid |
|
|
|
|
12,570
|
5,076
|
|
| Non-cash investing activities: |
|
|
|
|
|
|
|
| Purchase of capital assets on account |
|
|
|
|
$ 373
|
$ 394
|
|