Cash Flow

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Operating activities    
Net (loss) income $ (6,478) $ 1,051
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization expense 4,025 3,919
Amortization of intangible assets 8 11
Share-based compensation expense 2,582 3,899
Stock awards issued for non-employee director service 8 6
Stock awards related to officers and directors stock purchase plan from payroll deferral 1  
Amortization of deferred financing costs 16 16
Changes in operating assets and liabilities:    
Accounts receivable (1,524) (3,362)
Inventory 8,886 23,662
Other current assets (1,907) (511)
Other non-current assets (504) (55)
Accounts payable and accrued expenses (1,808) 2,399
Other current liabilities 163 1,450
Right-of-use obligation - operating leases - current 957 181
Right-of-use obligation - operating leases - long-term (817) (117)
Other non-current liabilities 44 232
Net cash provided by operating activities 3,652 32,781
Investing activities    
Additions to property and equipment (7,431) (2,745)
Net cash used in investing activities (7,431) (2,745)
Financing activities    
Borrowings from revolving loan payable 61 76
Payments made on revolving loan payable (61) (76)
Payments on finance leases (1,093) (1,242)
Net proceeds from issuance of common stock for ESPP 202 221
Statutory tax withholding payment for share-based compensation (323)  
Proceeds from exercise of stock options   1,523
Net cash (used in) provided by financing activities (1,214) 502
Effect of exchange rate changes on cash 88  
Net change in cash and cash equivalents (4,905) 30,538
Cash and cash equivalents, beginning of period 50,951 18,767
Cash and cash equivalents, end of period 46,046 49,305
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use operating asset acquired 12,857  
Accrued asset purchases 1,621 312
Share-based compensation expense capitalized in property and equipment 242 271
Supplemental disclosure of cash flow information:    
Cash received during the period for income taxes (8) (34)
Cash paid during the period for interest 300 358
Cash received during the period for interest $ 437 $ 11

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