v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jul. 04, 2026
Jan. 03, 2026
Current assets:    
Cash $ 6,585 $ 2,922
Accounts receivable and contract assets, net of provision for credit losses of $1,229 on July 4, 2026, and $1,229 on January 3, 2026 81,479 81,243
Transit accounts receivable 6,614 8,017
Prepaid expenses and other current assets 5,682 7,704
Total current assets 100,360 99,886
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization 6,355 7,265
Other assets:    
Deposits 262 261
Deferred tax assets, foreign 6 6
Goodwill 22,147 22,147
Operating right-of-use asset 4,876 4,832
Total other assets 27,291 27,246
Total assets 134,006 134,397
Current liabilities:    
Accounts payable and accrued expenses 14,395 9,649
Transit accounts payable 14,459 16,247
Accrued payroll and related costs 12,881 10,784
Finance lease payable 750 843
Income taxes payable 352 391
Operating lease liabilities 1,142 1,209
Deferred revenue 8,204 14,761
Total current liabilities 52,183 53,884
Finance lease payable, net of current position 0 380
Operating lease liabilities, net of current position 3,945 3,813
Borrowings under revolving credit facility 23,383 24,673
Total liabilities 85,184 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; 18,088,821 shares issued and 7,087,614 shares outstanding at July 4, 2026, and 18,004,241 shares issued and 7,351,400 shares outstanding at January 3, 2026 904 900
Additional paid-in capital 123,220 122,244
Accumulated other comprehensive loss (3,034) (2,814)
Retained earnings 19,141 10,396
Treasury stock at cost, 11,001,207 shares at July 4, 2026 and 10,652,841 shares at January 3, 2026 (91,409) (84,752)
Total stockholders’ equity 48,822 45,974
Total liabilities and stockholders’ equity 134,006 134,397
Income Tax Jurisdiction, Domestic Federal [Member]    
Current liabilities:    
Deferred income taxes, net $ 5,673 $ 5,673