Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.24.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Operating activities    
Net (loss) income $ (15,165) $ 380
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization expense 8,480 8,166
Amortization of intangible assets 21 20
Share-based compensation expense 5,910 6,696
Stock awards issued for non-employee director service 19 11
Stock awards related to officers and directors stock purchase plan from payroll deferral 4  
Gain from disposition of assets   (75)
Amortization of deferred financing costs 32 32
Changes in operating assets and liabilities:    
Accounts receivable 1,217 (1,090)
Inventory 19,613 22,286
Other current assets (2,032) (4)
Other non-current assets 15 60
Accounts payable and accrued expenses (17,802) 28,630
Other current liabilities (566) 925
Right-of-use obligation - operating leases - current 1,169 380
Right-of-use obligation - operating leases - long-term (790) (398)
Other non-current liabilities (107) 342
Net cash provided by operating activities 18 66,361
Investing activities    
Additions to property and equipment (14,567) (4,669)
Payments for intangible assets (40)  
Proceeds from sale of property and equipment   83
Net cash used in investing activities (14,607) (4,586)
Financing activities    
Borrowings from revolving loan payable 127 117
Payments made on revolving loan payable (127) (117)
Payments on finance leases (2,157) (2,467)
Repurchase of treasury stock   (1,052)
Net proceeds from issuance of common stock for ESPP 202 221
Statutory tax withholding payment for share-based compensation (429)  
Proceeds from exercise of stock options   1,969
Net cash used in financing activities (2,384) (1,329)
Effect of exchange rate changes on cash 87  
Net change in cash and cash equivalents (16,886) 60,446
Cash and cash equivalents, beginning of period 50,951 18,767
Cash and cash equivalents, end of period 34,065 79,213
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use operating asset acquired 12,857  
Accrued asset purchases 888 408
Share-based compensation expense capitalized in property and equipment 431 411
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes 48 155
Cash paid during the period for interest 586 683
Cash received during the period for interest $ 791 $ 557