Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Operating activities    
Net (loss) income $ (3,581) $ 568
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 1,529 1,504
Amortization of intangible assets 25 47
Deferred income taxes (328) 342
Share-based compensation expense 550 976
Stock awards issued for non-employee director service 4 4
Amortization of deferred financing costs 1 1
Changes in operating assets and liabilities:    
Accounts receivable (2,019) (887)
Inventory (2,080) (3,649)
Other current assets (802) (442)
Other non-current assets (70) 20
Accounts payable and accrued expenses 10,753 10,339
Other current liabilities 890 (402)
Right-of-Use Obligation - Operating Leases - Current 983  
Right-of-Use Obligation - Operating Leases - Long-term (978)  
Other non-current liabilities (2) 139
Net cash provided by operating activities 4,875 8,560
Investing activities    
Additions to property and equipment (1,587) (1,490)
Net cash used in investing activities (1,587) (1,490)
Financing activities    
Borrowings from revolving loan payable 4,096 3,106
Payments made on revolving loan payable (4,096) (3,106)
Payments on capital leases (149)  
Payments on capital leases   (144)
Statutory tax withholding payment for share-based compensation (287) (395)
Payment of liabilities related to financing activities   (100)
Preferred stock dividends paid (41) (41)
Net cash used in financing activities (477) (680)
Effect of exchange rate changes on cash (7) (18)
Net change in cash and cash equivalents 2,804 6,372
Cash and cash equivalents, beginning of period 2,031 2,850
Cash and cash equivalents, end of period 4,835 9,222
Supplemental disclosure of non-cash investing and financing activities:    
Accrued asset purchases 904 766
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest $ 430 $ 442