Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Operating activities    
Net (loss) income $ (5,309) $ 1,975
Adjustments to reconcile net (loss) income to net cash (used) provided by operating activities:    
Depreciation and amortization expense 7,123 5,298
Amortization of intangible assets 83 75
Share-based compensation expense 11,277 5,991
Stock awards issued for non-employee director service 17 18
Loss from disposition of assets 15 1
Amortization of deferred financing costs 13 14
Changes in operating assets and liabilities:    
Accounts receivable (1,737) (4,306)
Inventory (42,453) (24,229)
Other current assets 1,580 (1,927)
Other non-current assets 556 (622)
Accounts payable and accrued expenses 19,477 18,062
Other current liabilities 266 380
Right-of-use obligation - operating leases - current 960 902
Right-of-use obligation - operating leases - long-term (331) (354)
Other non-current liabilities 114 332
Net cash (used) provided by operating activities (8,349) 1,610
Investing activities    
Additions to property and equipment (8,434) (6,936)
Proceeds from sale of property and equipment 27  
Net cash used in investing activities (8,407) (6,936)
Financing activities    
Borrowings from revolving loan payable 105 1,394
Payments made on revolving loan payable (105) (1,394)
Proceeds from notes payable   4,107
Payments of notes payable   (5,333)
Payments on finance leases (1,566) (560)
Net proceeds from issuance of common stock   60,531
Statutory tax withholding payment for share-based compensation (3) (91)
Proceeds from exercise of stock options 3,230 3,398
Preferred stock dividends paid   (33)
Net cash provided by financing activities 1,661 62,019
Effect of exchange rate changes on cash (27) 5
Net change in cash and cash equivalents (15,122) 56,698
Cash and cash equivalents, beginning of period 35,802 2,273
Cash and cash equivalents, end of period 20,680 58,971
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use operating asset acquired 4,075 14,785
Right-of-use finance asset acquired 4,257 1,900
Accrued asset purchases 1,727 735
Share-based compensation expense capitalized in property and equipment 1,610 475
Stock issued for services 622  
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes 77 113
Cash paid during the period for interest $ 811 $ 1,603