CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
|
12 Months Ended |
Dec. 30, 2016 |
Jan. 01, 2016 |
Jan. 02, 2015 |
| Cash flows from operating activities: |
|
|
|
| Net income |
$ 8,299,000
|
$ 4,259,000
|
$ 9,416,000
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
3,220,000
|
2,072,000
|
460,000
|
| Deferred income taxes, net |
1,225,000
|
1,758,000
|
(1,427,000)
|
| Lease abandonment expense (recovery), net |
|
(44,000)
|
9,000
|
| Loss (gain) on sale/disposal of equipment |
4,000
|
(37,000)
|
11,000
|
| Provision for doubtful accounts |
216,000
|
659,000
|
510,000
|
| Stock-based compensation |
1,239,000
|
777,000
|
258,000
|
| Accretion and fair value adjustments of contingent consideration |
21,000
|
547,000
|
|
| Changes in operating assets and liabilities, net of effects from business acquisitions: |
|
|
|
| Accounts receivable |
1,288,000
|
(4,354,000)
|
(532,000)
|
| Costs and estimated earnings in excess of billings on uncompleted contracts |
(4,057,000)
|
(1,180,000)
|
(2,535,000)
|
| Other receivables |
82,000
|
31,000
|
4,000
|
| Prepaid expenses and other current assets |
(519,000)
|
203,000
|
133,000
|
| Other assets |
(169,000)
|
31,000
|
(202,000)
|
| Accounts payable |
206,000
|
1,842,000
|
(720,000)
|
| Accrued liabilities |
8,409,000
|
(1,320,000)
|
4,860,000
|
| Billings in excess of costs and estimated earnings on uncompleted contracts |
2,159,000
|
2,285,000
|
1,616,000
|
| Deferred lease obligations |
(23,000)
|
573,000
|
35,000
|
| Net cash provided by operating activities |
21,600,000
|
8,102,000
|
11,896,000
|
| Cash flows from investing activities: |
|
|
|
| Purchase of equipment and leasehold improvements |
(1,662,000)
|
(2,475,000)
|
(492,000)
|
| Proceeds from sale of equipment |
15,000
|
7,000
|
5,000
|
| Cash paid for acquisitions, net of cash acquired |
(8,857,000)
|
(8,168,000)
|
|
| Net cash used in investing activities |
(10,504,000)
|
(10,636,000)
|
(487,000)
|
| Cash flows from financing activities: |
|
|
|
| Payments on contingent consideration |
(1,284,000)
|
|
|
| Payments on notes payable |
(4,378,000)
|
(2,090,000)
|
(162,000)
|
| Proceeds from notes payable |
733,000
|
2,606,000
|
|
| Principal payments on capital lease obligations |
(522,000)
|
(350,000)
|
(261,000)
|
| Proceeds from stock option exercise |
327,000
|
512,000
|
450,000
|
| Proceeds from sales of common stock under employee stock purchase plan |
209,000
|
170,000
|
76,000
|
| Net cash (used in) provided by financing activities |
(4,915,000)
|
848,000
|
103,000
|
| Net increase (decrease) in cash and cash equivalents |
6,181,000
|
(1,686,000)
|
11,512,000
|
| Cash and cash equivalents at beginning of period |
16,487,000
|
18,173,000
|
6,661,000
|
| Cash and cash equivalents at end of period |
22,668,000
|
16,487,000
|
18,173,000
|
| Cash paid during the period for: |
|
|
|
| Interest |
179,000
|
203,000
|
16,000
|
| Income taxes |
1,875,000
|
949,000
|
134,000
|
| Supplemental disclosures of noncash investing and financing activities: |
|
|
|
| Issuance of notes payable related to business acquisitions |
4,569,000
|
4,250,000
|
|
| Issuance of common stock related to business acquisitions |
2,228,000
|
1,485,000
|
|
| Contingent consideration related to business acquisitions |
|
5,178,000
|
|
| Equipment acquired under capital leases |
$ 373,000
|
$ 420,000
|
$ 677,000
|