v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Operating activities    
Net income $ 688 $ 28,094
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 4,412 4,890
Amortization of intangible assets 140 271
Deferred income taxes 925 (25,881)
Share-based compensation expense 1,704 2,198
Stock awards issued for non-employee director service 11 7
Amortization of deferred financing costs 3 31
Gain (loss) from disposition of assets 1 (8)
Changes in operating assets and liabilities:    
Accounts receivable (562) 336
Inventory 869 (2,815)
Other current assets (1,833) (361)
Other non-current assets (24) 218
Accounts payable and accrued expenses 5,492 4,947
Other current liabilities (1,197) (121)
Other non-current liabilities 274 268
Net cash provided by operating activities 10,903 12,074
Investing activities    
Additions to property and equipment (4,328) (3,672)
Proceeds from sale of property and equipment 1 39
Net cash used in investing activities (4,327) (3,633)
Financing activities    
Borrowings from revolving loan payable 3,246 3,750
Payments made on revolving loan payable (3,246) (3,750)
Proceeds from stock options 0 258
Minority shareholder redemption 0 (2,485)
Payments on capital leases (445) (418)
Treasury stock repurchase 0 (3,823)
Statutory tax withholding payment for share-based compensation (430) (1,644)
Payment of liabilities related to financing activities (100) (100)
Preferred stock dividends paid (120) (169)
Net cash used in financing activities (1,095) (8,381)
Effect of exchange rate changes on cash (31) (30)
Net change in cash and cash equivalents 5,450 30
Cash and cash equivalents, beginning of period 2,850 6,643
Cash and cash equivalents, end of period 8,300 6,673
Supplemental disclosure of non-cash investing and financing activities:    
Accrued asset purchases 744 662
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes 63 62
Cash paid during the period for interest $ 1,229 $ 1,158

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