Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.2.0.727
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jul. 04, 2015
Jun. 28, 2014
Operating activities    
Net income (loss) $ (1,499) $ 1,208
Adjustments to reconcile net income (loss) to net cash and cash equivalents (used in) provided by operating activities:    
Depreciation and amortization 648 676
Share-based compensation 48 140
Amortization of deferred gain 0 (244)
Amortization of debt issuance costs 54 53
Other (25) (289)
Changes in assets and liabilities:    
Accounts receivable (161) 402
Inventories 544 (691)
Other current assets (225) (195)
Accounts payable and accrued expenses 1,517 748
Income taxes receivable/payable (159) 270
Net cash flows provided by operating activities 742 2,078
Investing activities    
Purchases of property and equipment (209) (216)
Increase in restricted cash 0 500
Proceeds from Sale of Property, Plant, and Equipment 5 12
Payments for (Proceeds from) Other Investing Activities (46) 0
Net cash flows used in investing activities (250) 296
Financing activities    
Net payments under line of credit (133) (1,290)
Payments on debt obligations (486) (515)
Proceeds from issuance of debt obligations 356 0
Proceeds from issuance of Common Stock 24 24
Net cash flows used in financing activities (239) (1,781)
Effect of changes in exchange rate on cash and cash equivalents (135) (7)
Increase (decrease) in cash and cash equivalents 118 586
Cash and cash equivalents at beginning of period 3,523 1,948
Cash and cash equivalents at end of period 3,641 2,534
Supplemental disclosures of cash flow information    
Cash payments for interest 355 390
Cash payments (receipts) for income taxes (403) 910
Non-cash investing and financing activities    
Equipment acquired under capital lease and other financing obligations $ 0 $ 725