Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.4.0.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Apr. 02, 2016
Apr. 04, 2015
Operating activities    
Net income (loss) including noncontrolling interests $ 990 $ (316)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 1,851 1,934
Amortization of intangible assets 120 115
Deferred income taxes (178) (67)
Share-based compensation expense 802 510
Stock awards issued for non-employee director service 2 0
Amortization of deferred financing costs 20 20
Gain from disposition of assets 0 (13)
Changes in operating assets and liabilities:    
Accounts receivable (225) (405)
Inventory 4,279 15
Other current assets (630) (506)
Other non-current assets 49 (7)
Accounts payable and accrued expenses 2,492 2,497
Other current liabilities 601 904
Other non-current liabilities 78 (131)
Net cash provided by operating activities 10,251 4,550
Investing activities    
Additions to property and equipment (1,276) (2,151)
Proceeds from sale of property and equipment 0 13
Cash paid for intangible assets (125) (110)
Net cash used in investing activities (1,401) (2,248)
Financing activities    
Borrowings from revolving loan payable 5,939 4,314
Payments made on revolving loan payable (14,698) (5,850)
Proceeds from stock options 127 13
Payments on capital leases (141) (66)
Statutory tax withholding payment for share-based compensation (970) (438)
Payment of liabilities related to financing activities (100) 0
Net cash used in financing activities (9,843) (2,027)
Effect of exchange rate changes on cash (2) (11)
Net change in cash and cash equivalents (995) 264
Cash and cash equivalents, beginning of period 5,537 7,653
Cash and cash equivalents, end of period 4,542 7,917
Supplemental disclosure of non-cash investing and financing activities:    
Accrued asset purchases 849 700
Property acquired under capital lease 111 0
Accrued intangible asset 0 15
Supplemental disclosure of cash flow information:    
Cash (paid) received during the period for income taxes (7) 7
Cash paid during the period for interest $ 315 $ 303