v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 26, 2023
Mar. 27, 2022
Cash flows from operating activities:    
Net income $ 11,342 $ 10,413
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,543 4,793
Deferred income taxes (396) (83)
Non-cash interest expense 54 54
Stock-based compensation expense 2,269 1,754
Changes in operating assets and liabilities:    
Accounts receivable 17,411 12,894
Inventories 699 664
Prepaid expenses and other 1,551 811
Other assets 0 (211)
Accounts payable and accrued expenses (5,791) (15,754)
Deferred revenue (9,319) (7,731)
Operating lease liabilities and assets (2,193) 3,821
Other liabilities 300 (1,892)
Net cash provided by operating activities 22,470 9,533
Cash flows from investing activities:    
Acquisition of property and equipment (8,261) (10,050)
Net cash used in investing activities (8,261) (10,050)
Cash flows from financing activities:    
Principal repayments on long-term debt (15,000) (20,000)
Cash dividend payments (5,351) (4,109)
Tax payments from the vesting of restricted stock (860) (721)
Net cash used in financing activities (21,211) (24,830)
Net decrease in cash and cash equivalents (7,002) (25,347)
Cash and cash equivalents at beginning of period 23,002 92,133
Cash and cash equivalents at end of period 16,000 66,786
Supplemental disclosures of cash flow information:    
Interest, net of capitalized interest 401 260
Income taxes 1 0
Noncash investing and financing activities:    
Accrued acquisition of property and equipment $ 994 $ 1,471

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