Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jul. 02, 2011
Operating activities    
Net income (loss) $ (628) $ 2,813
Adjustments to reconcile net income (loss) to net cash and cash equivalents (used in) provided by operating activities:    
Depreciation and amortization 609 667
Share-based compensation 68 213
Amortization of deferred gain (244) (244)
Amortization of debt issuance costs 99 93
Reversal of deferred tax asset valuation allowance   (917)
Excess tax benefits related to share-based compensation   (36)
Other 35 (4)
Changes in assets and liabilities:    
Accounts receivable 1,256 (4,405)
Inventories (2,656) 240
Other current assets (1,064) (713)
Other assets (34) 31
Accounts payable and accrued expenses 1,726 1,822
Income taxes payable   803
Net cash flows (used in) provided by operating activities (833) 363
Investing activities    
Purchases of property and equipment (625) (1,316)
Decrease in restricted cash   701
Proceeds from sale of property and equipment   9
Net cash flows used in investing activities (625) (606)
Financing activities    
Checks issued in excess of cash in bank   (42)
Net borrowings under line of credit 1,218 621
Payments on debt obligations (503) (7,771)
Proceeds from issuance of debt obligations   9,400
Proceeds from issuance of Common Stock 86  
Payment of debt issuance costs   (669)
Excess tax benefits related to share-based compensation   36
Net cash flows provided by financing activities 801 1,575
Effect of changes in exchange rate on cash and cash equivalents (10) 80
Increase (decrease) in cash and cash equivalents (667) 1,412
Cash and cash equivalents at beginning of period 4,401 3,065
Cash and cash equivalents at end of period 3,734 4,477
Supplemental disclosures of cash flow information    
Cash payments for interest 431 502
Cash payments for income taxes 123 407
Non-cash investing and financing activities    
Equipment acquired under capital leases and other financing obligations 146 33
Repayment of debt from trade-in of equipment $ 87