v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Operating activities    
Net loss $ (978) $ (3,581)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 1,898 1,529
Amortization of intangible assets 25 25
Deferred income taxes (22) (328)
Share-based compensation expense 2,663 550
Stock awards issued for non-employee director service 6 4
Amortization of deferred financing costs 5 1
Changes in operating assets and liabilities:    
Accounts receivable (2,362) (2,019)
Inventory (4,860) (2,080)
Other current assets (713) (802)
Other non-current assets (197) (70)
Accounts payable and accrued expenses 18,022 10,753
Other current liabilities 808 890
Right-of-Use Obligation - Operating Leases - Current 234 983
Right-of-Use Obligation - Operating Leases - Long-term (231) (978)
Other non-current liabilities 1 (2)
Net cash provided by operating activities 14,299 4,875
Investing activities    
Additions to property and equipment (2,050) (1,587)
Net cash used in investing activities (2,050) (1,587)
Financing activities    
Borrowings from revolving loan payable 1,170 4,096
Payments made on revolving loan payable (1,170) (4,096)
Payment of notes payable (1,226)  
Payments on capital leases (178) (149)
Statutory tax withholding payment for share-based compensation (84) (287)
Proceeds from exercise of stock options 1,120  
Preferred stock dividends paid   (41)
Net cash used in financing activities (368) (477)
Effect of exchange rate changes on cash (6) (7)
Net change in cash and cash equivalents 11,875 2,804
Cash and cash equivalents, beginning of period 2,273 2,031
Cash and cash equivalents, end of period 14,148 4,835
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use operating asset acquired 5,325  
Right-of-use financed asset acquired 130  
Accrued asset purchases 662 904
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest $ 433 $ 430

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