Cash Flow

v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Operating activities    
Net loss $ (2,722) $ (978)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization expense 2,379 1,898
Amortization of intangible assets 28 25
Deferred income taxes   (22)
Share-based compensation expense 3,573 2,663
Stock awards issued for non-employee director service 6 6
Amortization of deferred financing costs 5 5
Changes in operating assets and liabilities:    
Accounts receivable (3,417) (2,362)
Inventory (8,627) (4,860)
Other current assets (1,903) (713)
Other non-current assets 554 (197)
Accounts payable and accrued expenses 21,265 18,022
Other current liabilities 2,364 808
Right-of-use obligation - operating leases - current (72) 234
Right-of-use obligation - operating leases - long-term (44) (231)
Other non-current liabilities (338) 1
Net cash provided by operating activities 13,051 14,299
Investing activities    
Additions to property and equipment (2,630) (2,050)
Net cash used in investing activities (2,630) (2,050)
Financing activities    
Borrowings from revolving loan payable 69 1,170
Payments made on revolving loan payable (69) (1,170)
Payments of notes payable   (1,226)
Payments on finance leases (476) (178)
Statutory tax withholding payment for share-based compensation (3) (84)
Proceeds from exercise of stock options 163 1,120
Net cash used in financing activities (316) (368)
Effect of exchange rate changes on cash (11) (6)
Net change in cash and cash equivalents 10,094 11,875
Cash and cash equivalents, beginning of period 35,802 2,273
Cash and cash equivalents, end of period 45,896 14,148
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use operating asset acquired 17 5,325
Right-of-use finance asset acquired 1,936 130
Accrued asset purchases 1,877 662
Share-based compensation expense capitalized in property and equipment 507 155
Supplemental disclosure of cash flow information:    
Cash (received) paid during the period for income taxes (135)  
Cash paid during the period for interest $ 287 $ 433

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