Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Operating activities    
Net income $ 28,094 $ 1,311
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 4,890 5,601
Amortization of intangible assets 271 361
Deferred income taxes (25,881) (299)
Share-based compensation expense 2,198 2,475
Stock awards issued for non-employee director service 7 6
Amortization of deferred financing costs 31 61
Gain from disposition of assets (8) 0
Changes in operating assets and liabilities:    
Accounts receivable 336 245
Inventory (2,815) 1,745
Other current assets (361) (751)
Other non-current assets 218 168
Accounts payable and accrued expenses 4,947 7,825
Other current liabilities (121) 291
Other non-current liabilities 268 257
Net cash provided by operating activities 12,074 19,296
Investing activities    
Additions to property and equipment (3,672) (4,570)
Proceeds from sale of property and equipment 39 0
Cash paid for intangible assets 0 (125)
Net cash used in investing activities (3,633) (4,695)
Financing activities    
Borrowings from revolving loan payable 3,750 11,976
Payments made on revolving loan payable (3,750) (23,735)
Proceeds from stock options 258 734
Minority shareholder redemption (2,485) 0
Payments on capital leases (418) (449)
Treasury stock repurchase (3,823) 0
Statutory tax withholding payment for share-based compensation (1,644) (969)
Payment of liabilities related to financing activities (100) (100)
Preferred stock dividends paid (169) (61)
Net cash used in financing activities (8,381) (12,604)
Effect of exchange rate changes on cash (30) (29)
Net change in cash and cash equivalents 30 1,968
Cash and cash equivalents, beginning of period 6,643 5,537
Cash and cash equivalents, end of period 6,673 7,505
Supplemental disclosure of non-cash investing and financing activities:    
Accrued asset purchases 662 1,050
Property acquired under capital lease 0 211
Unrealized (loss) gain on investments 0 (2)
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes 62 69
Cash paid during the period for interest $ 1,158 $ 825