v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Apr. 04, 2026
Jan. 03, 2026
Current assets:    
Cash $ 2,621 $ 2,922
Accounts receivable and contract assets, net of provision for credit losses of $1,229 at April 4, 2026 and $1,229 at January 3, 2026 85,155 81,243
Transit accounts receivable 6,669 8,017
Prepaid expenses and other current assets 7,130 7,704
Total current assets 101,575 99,886
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization 6,809 7,265
Other assets:    
Deposits 259 261
Deferred income taxes 6 6
Goodwill 22,147 22,147
Operating right-of-use asset 4,531 4,832
Total other assets 26,943 27,246
Total assets 135,327 134,397
Current liabilities:    
Accounts payable and accrued expenses 10,157 9,649
Transit accounts payable 14,658 16,247
Accrued payroll and related costs 12,280 10,784
Finance lease payable 797 843
Income taxes payable 383 391
Operating lease liabilities 1,207 1,209
Deferred revenue 13,354 14,761
Total current liabilities 52,836 53,884
Finance lease payable, net of current position 191 380
Operating lease liabilities, net of current position 3,542 3,813
Borrowings under revolving credit facility 28,801 24,673
Total liabilities 91,043 88,423
Contingencies (note 15)
Stockholders’ equity:    
Preferred stock, $1.00 par value; 5,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.05 par value; 40,000,000 shares authorized; 18,025,584 shares issued and 7,024,377 shares outstanding at April 4, 2026 and 18,004,241 shares issued and 7,351,400 shares outstanding at January 3, 2026 901 900
Additional paid-in capital 123,542 122,244
Accumulated other comprehensive loss (2,959) (2,814)
Retained earnings 14,240 10,396
Treasury stock at cost, 11,001,207 shares at April 4, 2026, and 10,652,841 shares at January 3, 2026 (91,440) (84,752)
Total stockholders’ equity 44,284 45,974
Total liabilities and stockholders’ equity 135,327 134,397
Income Tax Jurisdiction, Domestic Federal [Member]    
Current liabilities:    
Deferred income taxes, net $ 5,673 $ 5,673