Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Operating activities    
Net income $ 257 $ 990
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 1,633 1,851
Amortization of intangible assets 112 120
Deferred income taxes 0 (178)
Share-based compensation expense 1,089 802
Stock awards issued for non-employee director service 2 2
Amortization of deferred financing costs 22 20
Gain from disposition of assets (8) 0
Changes in operating assets and liabilities:    
Accounts receivable 105 (225)
Inventory (6,282) 4,279
Other current assets (161) (630)
Other non-current assets 135 49
Accounts payable and accrued expenses 10,662 2,492
Other current liabilities (67) 601
Other non-current liabilities 59 78
Net cash provided by operating activities 7,558 10,251
Investing activities    
Additions to property and equipment (1,262) (1,276)
Proceeds from sale of property and equipment 39 0
Cash paid for intangible assets 0 (125)
Net cash used in investing activities (1,223) (1,401)
Financing activities    
Borrowings from revolving loan payable 3,576 5,939
Payments made on revolving loan payable (3,576) (14,698)
Proceeds from stock options 33 127
Payments of debt financing costs (2,485) 0
Payments on capital leases (136) (141)
Treasury stock repurchase (2,272) 0
Statutory tax withholding payment for share-based compensation (688) (970)
Payment of liabilities related to financing activities (100) (100)
Preferred stock dividends paid (120) 0
Net cash used in financing activities (5,768) (9,843)
Effect of exchange rate changes on cash (12) (2)
Net change in cash and cash equivalents 555 (995)
Cash and cash equivalents, beginning of period 6,643 5,537
Cash and cash equivalents, end of period 7,198 4,542
Supplemental disclosure of non-cash investing and financing activities:    
Accrued asset purchases 694 849
Property acquired under capital lease 0 111
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes (15) (7)
Cash paid during the period for interest $ 337 $ 315