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. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Operating activities      
Net loss $ (8,223) $ (951) $ (10,339)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization expense 16,690 13,607 9,895
Amortization of intangible assets 36 108 110
Share-based compensation expense 11,675 11,296 15,685
Stock awards issued for non-employee director service 23 22 23
Stock awards related to officers and directors stock purchase plan from payroll deferral   26  
Gain from disposition of assets (78) (41) 52
Amortization of deferred financing costs 65 53 18
Changes in operating assets and liabilities:      
Accounts receivable (1,101) (1,424) 1,303
Inventory 6,681 2,825 (49,535)
Other current assets 549 (141) 1,340
Other non-current assets (248) (636) 551
Accounts payable and accrued expenses 23,696 (9,629) 22,436
Other current liabilities 686 (129) 374
Right-of-use obligation - operating leases - current 631 402 1,696
Right-of-use obligation - operating leases - long-term (714) (200) (836)
Other non-current liabilities (367) 180 239
Net cash provided by operating activities 50,001 15,368 (6,988)
Investing activities      
Additions to property and equipment (11,879) (12,585) (11,578)
Cash paid for intangible assets (108)    
Proceeds from sale of property and equipment 86 68 27
Net cash used in investing activities (11,901) (12,517) (11,551)
Financing activities      
Borrowings from revolving loan payable 244 10,417 131
Payments made on revolving loan payable (244) (10,417) (131)
Payments on finance leases (4,738) (4,232) (2,164)
Repurchase of treasury stock (4,311)   (524)
Net proceeds from issuance of common stock for ESPP 483 795  
Statutory tax withholding payment for share-based compensation     (3)
Proceeds from exercise of stock options 2,650 1,284 3,661
Payment of registration costs of common stock     (68)
Net cash used in financing activities (5,916) (2,153) 902
Effect of exchange rate changes on cash   (75) (21)
Net change in cash and cash equivalents 32,184 623 (17,658)
Cash and cash equivalents, beginning of period 18,767 18,144 35,802
Cash and cash equivalents, end of period 50,951 18,767 18,144
Supplemental disclosure of non-cash investing and financing activities:      
Right-of-use operating asset acquired     15,000
Right-of-use finance asset acquired 784 9,206 4,975
Accrued asset purchases 1,499 624 1,764
Share-based compensation expense capitalized in property and equipment 804 1,180 2,159
Stock issued for services   81 778
Supplemental disclosure of cash flow information:      
Cash paid during the period for income taxes 210 649 88
Cash paid during the period for interest 1,394 1,437 1,115
Cash (received) paid during the period for interest (income) expense, net $ 2,030 $ 16 $ 26