Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Operating activities    
Net income (loss) $ 5,273 $ (5,309)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 9,671 7,123
Amortization of intangible assets 81 83
Share-based compensation expense 7,786 11,277
Stock awards issued for non-employee director service 17 17
Stock awards related to officers and directors stock purchase plan from payroll deferral 27  
(Gain) loss from disposition of assets (41) 15
Amortization of deferred financing costs 37 13
Changes in operating assets and liabilities:    
Accounts receivable (4,624) (1,737)
Inventory (15,900) (42,453)
Other current assets (124) 1,580
Other non-current assets (745) 556
Accounts payable and accrued expenses 4,524 19,477
Other current liabilities (315) 266
Right-of-use obligation - operating leases - current 279 960
Right-of-use obligation - operating leases - long-term (108) (331)
Other non-current liabilities (136) 114
Net cash provided by (used in) operating activities 5,702 (8,349)
Investing activities    
Additions to property and equipment (10,546) (8,434)
Proceeds from sale of property and equipment 44 27
Net cash used in investing activities (10,502) (8,407)
Financing activities    
Borrowings from revolving loan payable 10,351 105
Payments made on revolving loan payable (5,351) (105)
Payments on finance leases (3,099) (1,566)
Net proceeds from issuance of common stock for ESPP 794  
Statutory tax withholding payment for share-based compensation   (3)
Proceeds from exercise of stock options 1,113 3,230
Net cash provided by financing activities 3,808 1,661
Effect of exchange rate changes on cash (498) (27)
Net change in cash and cash equivalents (1,490) (15,122)
Cash and cash equivalents, beginning of period 18,144 35,802
Cash and cash equivalents, end of period 16,654 20,680
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use operating asset acquired   4,075
Right-of-use finance asset acquired 7,889 4,257
Accrued asset purchases 859 1,727
Share-based compensation expense capitalized in property and equipment 1,051 1,610
Stock issued for services 81 622
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes 175 77
Cash paid during the period for interest $ 1,011 $ 811