Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 29, 2014
Mar. 30, 2013
Operating activities    
Net income (loss) $ 201 $ (3,343)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 2,368 3,638
Amortization of intangible assets 84 106
Deferred income taxes 13 31
Share-based compensation expense 376 409
Stock awards issued for non-employee director service   11
Amortization of deferred financing costs 20 20
Changes in operating assets and liabilities:    
Accounts receivable 147 391
Inventory 374 5,094
Other current assets 282 867
Other non-current assets 63 23
Accounts payable and accrued expenses 2,792 (6,243)
Other current liabilities 1,702 (35)
Other non-current liabilities (280) 370
Net cash provided by operating activities 8,142 1,339
Investing activities    
Additions to property and equipment (1,558) (2,623)
Purchases of company-owned life insurance   (106)
Net cash used in investing activities (1,558) (2,729)
Financing activities    
Proceeds from revolving loan payable 1,826 5,903
Payments made on revolving loan payable (7,850) (10,000)
Proceeds from issuance of Series A convertible preferred stock   5,800
Payment of issuance costs from Series A convertible preferred stock   (30)
Payments on capital leases (63) (36)
Proceeds from exercise of stock options 74 23
Net cash (used in) provided by financing activities (6,013) 1,660
Effect of exchange rate changes on cash 3 (3)
Net change in cash and cash equivalents 574 267
Cash and cash equivalents, beginning of period 818 1,030
Cash and cash equivalents, end of period 1,392 1,297
Supplemental disclosure of non-cash investing and financing activities:    
Accrued asset purchases 659 1,294
Unpaid issuance costs related to Series A convertible preferred stock   765
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes 5  
Cash paid during the period for interest $ 255 $ 112