Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Jan. 01, 2011
Operating activities    
Net income $ 4,722 $ 1,948
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Depreciation and amortization 1,303 1,402
Amortization of deferred gain (487) (487)
Amortization of deferred financing costs 193  
Share-based compensation 428 462
Investment impairment charge   266
Reversal of deferred income tax valuation allowance (917)  
Deferred income taxes 1,621 (43)
Excess tax benefits from share-based compensation (53) (279)
Other (4) (3)
Changes in assets and liabilities:    
Accounts receivable (2,417) (794)
Inventories (1,863) 192
Other current assets (896) 421
Other assets 224 (675)
Accounts payable and accrued expenses (471) 911
Income taxes payable (7) 154
Net cash flows provided by operating activities 1,376 3,475
Investing activities    
Purchase of property and equipment (1,757) (5,627)
Decrease (increase) in restricted cash 701 (1)
Proceeds from sale of property and equipment 11 35
Net cash flows used in investing activities (1,045) (5,593)
Financing activities    
Checks issued in excess of cash in bank (42) (368)
Net borrowings (payments) under line of credit 546 (2,280)
Payments on debt obligations (8,315) (860)
Proceeds from issuance of debt obligations 9,400 3,805
Payment of deferred financing costs (669)  
Proceeds from issuance of Common Stock, net of fees 117 1,721
Excess tax benefits related to share-based compensation 53 279
Net cash flows provided by financing activities 1,090 2,297
Effect of changes in exchange rate on cash and cash equivalents (85) 87
Increase in cash and cash equivalents 1,336 266
Cash and cash equivalents at beginning of period 3,065 2,799
Cash and cash equivalents at end of period 4,401 3,065
Supplemental disclosures of cash flow information    
Cash payments for interest 931 1,034
Cash payments for income taxes, net 1,055 580
Non-cash investing and financing activities    
Loan receivable exchanged for equity in AAP   475
Equipment acquired under financing obligations and capital leases 253 241
Consolidation of variable interest entity:    
Fair value of assets acquired   5,766
Assumed liabilities   $ 1,766