Cash Flow

v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Operating activities    
Net income (loss) $ 590 $ (5,038)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 3,532 3,040
Amortization of intangible assets 50 50
Deferred income taxes   (559)
Share-based compensation expense 4,385 1,163
Stock awards issued for non-employee director service 12 7
Loss from disposition of assets 1  
Amortization of deferred financing costs 9 2
Changes in operating assets and liabilities:    
Accounts receivable (2,609) (313)
Inventory (12,883) (2,926)
Other current assets (1,597) (1,517)
Other non-current assets (296) 24
Accounts payable and accrued expenses 32,055 8,473
Other current liabilities 1,671 345
Right-of-Use Obligation - Operating Leases - Current 483 1,595
Right-of-Use Obligation - Operating Leases - Long-term (383) (1,530)
Other non-current liabilities 148 134
Net cash provided by operating activities 25,168 2,950
Investing activities    
Additions to property and equipment (3,840) (3,431)
Net cash used in investing activities (3,840) (3,431)
Financing activities    
Borrowings from revolving loan payable 1,273 7,641
Payments made on revolving loan payable (1,273) (7,641)
Proceeds from notes payable 4,107  
Payment of notes payable (5,333)  
Payments on finance leases (315) (299)
Statutory tax withholding payment for share-based compensation (85) (289)
Proceeds from exercise of stock options 2,893  
Preferred stock dividends paid   (80)
Net cash provided by (used in) financing activities 1,267 (668)
Effect of exchange rate changes on cash (8) 1
Net change in cash and cash equivalents 22,587 (1,148)
Cash and cash equivalents, beginning of period 2,273 2,031
Cash and cash equivalents, end of period 24,860 883
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use operating asset acquired 9,065  
Right-of-use financed asset acquired 385  
Accrued asset purchases 665 825
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes 90 43
Cash paid during the period for interest $ 1,125 $ 834

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