Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Operating activities    
Net (loss) income $ (4,889) $ 24,015
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 5,802 6,397
Amortization of intangible assets 185 319
Deferred income taxes (446) (21,476)
Share-based compensation expense 3,595 2,842
Stock awards issued for non-employee director service 14 9
Amortization of deferred financing costs 4 32
Gain (loss) from disposition of assets 1 (8)
Changes in operating assets and liabilities:    
Accounts receivable (1,257) 796
Inventory 4,605 (3,327)
Other current assets (1,326) (292)
Other non-current assets 149 40
Accounts payable and accrued expenses 742 2,725
Other current liabilities (1,135) (712)
Other non-current liabilities 136 274
Net cash provided by operating activities 6,181 11,634
Investing activities    
Additions to property and equipment (5,689) (4,896)
Proceeds from sale of property and equipment 1 39
Net cash used in investing activities (5,689) (4,857)
Financing activities    
Borrowings from revolving loan payable 3,316 3,835
Payments made on revolving loan payable (3,316) (3,835)
Minority shareholder redemption 0 (2,486)
Payments on capital leases (598) (561)
Treasury stock repurchases 0 (5,823)
Statutory tax withholding payment for share-based compensation (430) (1,644)
Proceeds from exercise of stock options 6 258
Payment of liabilities related to financing activities (100) (100)
Preferred stock dividends paid (161) (209)
Net cash used in financing activities (1,283) (10,565)
Effect of exchange rate changes on cash (27) (5)
Net change in cash and cash equivalents (819) (3,793)
Cash and cash equivalents, beginning of period 2,850 6,643
Cash and cash equivalents, end of period 2,031 2,850
Supplemental disclosure of non-cash investing and financing activities:    
Accrued asset purchases 1,008 831
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes 81 78
Cash paid during the period for interest $ 1,606 $ 1,536