Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Operating activities    
Net income (loss) $ 1,975 $ (6,461)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 5,298 4,572
Amortization of intangible assets 75 75
Deferred income taxes   (1,176)
Share-based compensation expense 5,991 1,955
Stock awards issued for non-employee director service 18 13
Loss from disposition of assets 1  
Amortization of deferred financing costs 14 2
Changes in operating assets and liabilities:    
Accounts receivable (4,306) (622)
Inventory (24,229) 1,927
Other current assets (1,927) (731)
Other non-current assets (622) 775
Accounts payable and accrued expenses 18,062 3,874
Other current liabilities 380 (280)
Right-of-Use Obligation - Operating Leases - Current 902 1,573
Right-of-Use Obligation - Operating Leases - Long-term (354) (1,332)
Other non-current liabilities 332 163
Net cash provided by operating activities 1,610 4,327
Investing activities    
Additions to property and equipment (6,936) (4,686)
Net cash used in investing activities (6,936) (4,686)
Financing activities    
Borrowings from revolving loan payable 1,394 11,514
Payments made on revolving loan payable (1,394) (11,514)
Proceeds from notes payable 4,107 162
Payments of notes payable (5,333)  
Payments on finance leases (560) (453)
Net proceeds from issuance of common stock 60,531  
Statutory tax withholding payment for share-based compensation (91) (290)
Proceeds from exercise of stock options 3,398 99
Preferred stock dividends paid (33) (80)
Net cash provided by (used in) financing activities 62,019 (562)
Effect of exchange rate changes on cash 5 (2)
Net change in cash and cash equivalents 56,698 (923)
Cash and cash equivalents, beginning of period 2,273 2,031
Cash and cash equivalents, end of period 58,971 1,108
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use operating asset acquired 14,785 1,684
Right-of-use financed asset acquired 1,900 749
Accrued asset purchases 735 1,200
Share-based compensation expense capitalized in property and equipment 475 37
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes 113 85
Cash paid during the period for interest $ 1,603 $ 1,385