Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Operating activities    
Net loss $ (40,601) $ (8,223)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization expense 18,975 16,690
Amortization of intangible assets 121 36
Share-based compensation expense 11,985 11,675
Stock awards issued for non-employee director service 43 23
Stock awards related to officers and directors stock purchase plan from payroll deferral 10  
Gain from disposition of assets (70) (78)
Amortization of deferred financing costs 65 65
Changes in operating assets and liabilities:    
Accounts receivable 1,267 (1,101)
Inventory 38,547 6,681
Other current assets 102 549
Other non-current assets 1,168 (248)
Accounts payable and accrued expenses (21,187) 23,696
Other current liabilities (615) 686
Right-of-use obligation - operating leases - current 1,514 631
Right-of-use obligation - operating leases - long-term (1,131) (714)
Other non-current liabilities 145 (367)
Net cash provided by operating activities 10,338 50,001
Investing activities    
Additions to property and equipment (20,573) (11,879)
Cash paid for intangible assets (76) (108)
Proceeds from sale of property and equipment 92 86
Net cash used in investing activities (20,557) (11,901)
Financing activities    
Borrowings from revolving loan payable 229 244
Payments made on revolving loan payable (229) (244)
Repurchase of treasury stock   (4,311)
Payments on finance leases (4,311) (4,738)
Net proceeds from issuance of common stock for ESPP 359 483
Statutory tax withholding payment for share-based compensation (470)  
Proceeds from exercise of stock options   2,650
Net cash used in financing activities (4,422) (5,916)
Effect of exchange rate changes on cash 87  
Net change in cash and cash equivalents (14,554) 32,184
Cash and cash equivalents, beginning of period 50,951 18,767
Cash and cash equivalents, end of period 36,397 50,951
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use operating asset acquired 12,857  
Right-of-use finance asset acquired   784
Accrued asset purchases 502 1,499
Share-based compensation expense capitalized in property and equipment 746 804
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes 178 210
Cash paid during the period for interest 1,165 1,394
Cash received during the period for interest $ 1,466 $ 2,030