v3.22.1
Condensed Consolidated Statements of Cash Flows-Unaudited - USD ($)
$ in Thousands
3 Months Ended
Mar. 27, 2022
Mar. 28, 2021
Cash flows from operating activities:    
Net income $ 10,413 $ 9,125
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,793 5,063
Deferred income taxes (83) 607
Non-cash interest expense 54 108
Stock-based compensation expense 1,754 1,564
Changes in operating assets and liabilities:    
Accounts receivable 12,894 8,013
Inventories 664 (258)
Prepaid expenses and other 811 794
Other assets (211) 11
Accounts payable and accrued expenses (15,754) (430)
Deferred revenue (7,731) (4,461)
Operating lease liabilities and assets 3,821 (1,454)
Other liabilities (1,892) 526
Net cash provided by operating activities 9,533 19,208
Cash flows from investing activities:    
Acquisition of property and equipment (10,050) (359)
Net cash used in investing activities (10,050) (359)
Cash flows from financing activities:    
Principal repayments on long-term debt (20,000) 0
Cash dividend payments (4,109) 0
Tax payments from the vesting of restricted stock (721) (1,801)
Deferred financing costs 0 (132)
Net cash (used in) financing activities (24,830) (1,933)
Net (decrease) increase in cash and cash equivalents (25,347) 16,916
Cash and cash equivalents at beginning of period 92,133 95,402
Cash and cash equivalents at end of period 66,786 112,318
Supplemental disclosures of cash flow information:    
Interest, net of capitalized interest 260 1,345
Income taxes 0 39
Noncash investing and financing activities:    
Accrued acquisition of property and equipment $ 1,471 $ 46

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