Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Jan. 01, 2017
Jan. 03, 2016
Operations:      
Net Income (Loss) Attributable to Parent $ (7,845) $ (232) $ (4)
Items not involving cash:      
Depreciation 3,588 4,110 3,967
Unrealized gain on unsettled forward exchange contracts (918) (831) (616)
Impairment of property, plant and equipment 1,601
Deferred income taxes (79) 126 76
Amortization of deferred financing fees 27 69 32
Stock-based compensation 432 423 510
(Gain) loss on sale of property, plant and equipment (60) (5) 2
Change in non-cash operating working capital:      
Accounts receivable (6,469) 7,261 1,139
Inventories (1,689) 5,203 5,713
Prepaid expenses and other assets 311 (470) 152
Income taxes receivable/payable (142) 132 (49)
Accounts payable 2,159 (7,998) 1,439
Accrued liabilities 237 (927) (1,483)
(8,847) 6,861 10,878
Financing:      
Net (repayment) advances of revolving credit facility 9,460 (7,990) (10,649)
(Repayment) advances of long-term debt (2,000) 5,000 5,000
Principal payment of capital lease obligations (395) (611) (1,086)
Proceeds from sale and leaseback 509
Deferred financing costs (51) (71) (10)
7,014 (3,163) (6,745)
Investing:      
Restricted cash - guaranteed deposit 805 (805)
Purchase of property, plant and equipment (1,471) (2,225) (2,682)
Proceeds from leasehold improvement 56
Proceeds from sale of property, plant and equipment 281 126 6
(1,134) (1,294) (3,481)
(Decrease) increase in cash (2,967) 2,404 652
Cash, beginning of year 8,503 6,099 5,447
Cash, end of the year 5,536 8,503 6,099
Supplemental Information:      
Cash interest paid 834 761 1,065
Cash taxes paid 786 444 591
Cash taxes refunded 442
Property, plant and equipment acquired through capital lease 533
Property, plant and equipment acquired that was unpaid in cash and included in accounts payable and accrued liabilities $ 23 $ 247 $ 247