v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Apr. 01, 2017
Operating activities    
Net income $ 735 $ 257
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 1,504 1,633
Amortization of intangible assets 47 112
Deferred income taxes 415 0
Share-based compensation expense 976 1,089
Stock awards issued for non-employee director service 4 2
Amortization of deferred financing costs 1 22
Gain from disposition of assets 0 (8)
Changes in operating assets and liabilities:    
Accounts receivable (887) 105
Inventory (3,889) (6,282)
Other current assets (442) (161)
Other non-current assets 20 135
Accounts payable and accrued expenses 10,339 10,662
Other current liabilities (402) (67)
Other non-current liabilities 139 59
Net cash provided by operating activities 8,560 7,558
Investing activities    
Additions to property and equipment (1,490) (1,262)
Proceeds from sale of property and equipment 0 39
Net cash used in investing activities (1,490) (1,223)
Financing activities    
Borrowings from revolving loan payable 3,106 3,576
Payments made on revolving loan payable (3,106) (3,576)
Proceeds from stock options 0 33
Minority shareholder redemption 0 (2,485)
Payments on capital leases (144) (136)
Treasury stock repurchase 0 (2,272)
Statutory tax withholding payment for share-based compensation (395) (688)
Payment of liabilities related to financing activities (100) (100)
Preferred stock dividends paid (41) (120)
Net cash used in financing activities (680) (5,768)
Effect of exchange rate changes on cash (18) (12)
Net change in cash and cash equivalents 6,372 555
Cash and cash equivalents, beginning of period 2,850 6,643
Cash and cash equivalents, end of period 9,222 7,198
Supplemental disclosure of non-cash investing and financing activities:    
Accrued asset purchases 766 694
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes 0 15
Cash paid during the period for interest $ 442 $ 337

Source