v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Operating activities    
Net income $ 250 $ 27,175
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 2,993 3,270
Amortization of intangible assets 94 224
Deferred income taxes 920 (25,881)
Share-based compensation expense 1,137 1,633
Stock awards issued for non-employee director service 7 5
Amortization of deferred financing costs 2 30
Gain from disposition of assets 0 (8)
Changes in operating assets and liabilities:    
Accounts receivable (163) 568
Inventory 44 (1,291)
Other current assets (1,270) (86)
Other non-current assets 1 166
Accounts payable and accrued expenses 4,560 7,261
Other current liabilities (929) (764)
Other non-current liabilities 195 168
Net cash provided by operating activities 7,841 12,470
Investing activities    
Additions to property and equipment (2,940) (2,494)
Proceeds from sale of property and equipment 0 39
Net cash used in investing activities (2,940) (2,455)
Financing activities    
Borrowings from revolving loan payable 3,189 3,645
Payments made on revolving loan payable (3,189) (3,645)
Proceeds from stock options 0 238
Minority shareholder redemption 0 (2,485)
Payments on capital leases (293) (278)
Treasury stock repurchase 0 (2,272)
Statutory tax withholding payment for share-based compensation (430) (1,644)
Payment of liabilities related to financing activities (100) (100)
Preferred stock dividends paid (80) (169)
Net cash used in financing activities (903) (6,710)
Effect of exchange rate changes on cash (24) (20)
Net change in cash and cash equivalents 3,974 3,285
Cash and cash equivalents, beginning of period 2,850 6,643
Cash and cash equivalents, end of period 6,824 9,928
Supplemental disclosure of non-cash investing and financing activities:    
Accrued asset purchases 680 712
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes 44 42
Cash paid during the period for interest $ 869 $ 711

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