Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Operating activities    
Net income (loss) including noncontrolling interests $ 1,671 $ (1,338)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 3,704 3,756
Amortization of intangible assets 241 230
Deferred income taxes (257) (452)
Share-based compensation expense 1,668 1,106
Stock awards issued for non-employee director service 4 0
Amortization of deferred financing costs 41 41
Gain from disposition of assets 0 (13)
Changes in operating assets and liabilities:    
Accounts receivable 265 686
Inventory 6,795 3,142
Other current assets (1,038) (142)
Other non-current assets 81 40
Accounts payable and accrued expenses 1,308 (1,258)
Other current liabilities 319 798
Other non-current liabilities 204 (110)
Net cash provided by operating activities 15,006 6,486
Investing activities    
Additions to property and equipment (2,887) (3,832)
Proceeds from sale of property and equipment 0 13
Cash paid for intangible assets (125) (25)
Net cash used in investing activities (3,012) (3,844)
Financing activities    
Borrowings from revolving loan payable 9,297 7,014
Payments made on revolving loan payable (21,056) (10,050)
Proceeds from stock options 536 40
Payments on capital leases (313) (131)
Statutory tax withholding payment for share-based compensation (969) (438)
Payment of liabilities related to financing activities (100) (100)
Net cash used in financing activities (12,605) (3,665)
Effect of exchange rate changes on cash (13) (22)
Net change in cash and cash equivalents (624) (1,045)
Cash and cash equivalents, beginning of period 5,537 7,653
Cash and cash equivalents, end of period 4,913 6,608
Supplemental disclosure of non-cash investing and financing activities:    
Accrued asset purchases 735 791
Property acquired under capital lease 211 368
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes 49 58
Cash paid during the period for interest $ 564 $ 590