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. 30, 2012
Jan. 01, 2012
Jan. 02, 2011
Operations:      
Net income $ 7,542 $ 1,150 $ 12,350
Items not involving cash:      
Depreciation 3,158 2,794 2,549
Unrealized (gain)/loss on derivative instrument (note 9) (590) 43  
Deferred income taxes (2,435) 222 (3,033)
Non-cash interest 352 285 247
Stock-based compensation 379 250 962
Gain on contingent consideration (650)    
Loss on extinguishment of debt (note 8)   300  
Gain on acquisition of business   (22)  
Change in non-cash operating working capital:      
Accounts receivable 1,603 1,349 2,397
Inventories (2,158) (3,248) (5,387)
Prepaid expenses (436) 738 26
Income taxes payable (158) (466) 160
Accounts payable 2,414 388 1,332
Accrued liabilities 904 (1,750) 2,404
9,925 2,033 14,007
Financing:      
Increase (decrease) in revolving debt 442 8,204 (14,538)
Repayment of long-term debt (2,162) (2,470) (350)
Principal payment of capital lease obligations (1,727) (1,416) (881)
Proceeds from issuance of common stock 220 317 1,980
Proceeds from sale and leaseback 170   435
Payment of contingent consideration (965)    
Debt issuance and deferred financing costs   (1,021) (100)
(4,022) 3,614 (13,454)
Investment:      
Purchase of property, plant and equipment (6,335) (912) (1,209)
Acquisition of business, net of cash acquired   (3,033)  
(6,335) (3,945) (1,209)
Increase (decrease) in cash (432) 1,702 (656)
Cash, beginning of year 2,635 933 1,589
Cash, end of the year 2,203 2,635 933
Supplemental Information:      
Cash interest paid 1,588 1,114 1,575
Cash taxes paid—net 941 1,050 447
Property, plant and equipment acquired through capital lease $ 1,048 $ 3,128 $ 1,001