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
 3 Months Ended
Mar. 29, 2014
Mar. 30, 2013
Operating activities    
Net income (loss) $ 1,108 $ 129
Adjustments to reconcile net income (loss) to net cash and cash equivalents (used in) provided by operating activities:    
Depreciation and amortization 334 337
Share-based compensation 47 4
Amortization of deferred gain (122) (121)
Amortization of debt issuance costs 27 49
Other 1 16
Changes in assets and liabilities:    
Accounts receivable 1,061 (571)
Inventories 447 2,879
Other current assets (444) 335
Other assets 0 (24)
Accounts payable and accrued expenses (417) 1,277
Income taxes payable 587 0
Net cash flows provided by operating activities 2,629 4,310
Investing activities    
Purchases of property and equipment (56) (45)
Increase in restricted cash 0 (500)
Proceeds from Sale of Property, Plant, and Equipment 12 0
Net cash flows used in investing activities (44) (545)
Financing activities    
Net payments under line of credit (1,325) (2,790)
Payments on debt obligations (254) (205)
Proceeds from issuance of debt obligations 0 80
Proceeds from issuance of Common Stock 24 0
Payment of debt issuance costs 0 (42)
Net cash flows used in financing activities (1,555) (2,957)
Effect of changes in exchange rate on cash and cash equivalents (80) (57)
Increase (decrease) in cash and cash equivalents 950 751
Cash and cash equivalents at beginning of period 1,948 3,174
Cash and cash equivalents at end of period 2,898 3,925
Supplemental disclosures of cash flow information    
Cash payments for interest 213 205
Cash payments for income taxes, net of refunds 103 1
Non-cash investing and financing activities    
Equipment acquired under capital lease and other financing obligations 100 0
Accrued debt issuance costs related to amended credit agreement $ 0 $ 98