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. 29, 2013
Dec. 30, 2012
Jan. 01, 2012
Operations:      
Net earnings (loss) $ (11,895) $ 7,542 $ 1,150
Items not involving cash:      
Depreciation 3,781 3,158 2,794
Unrealized (gain)/loss on derivative instrument (note 9) 1,023 (590) 43
Deferred income taxes 3,331 (2,435) 222
Non-cash interest 389 352 285
Stock-based compensation 248 379 271
Loss (gain) on contingent consideration 274 (650)  
Loss on extinguishment of debt (note 8)     300
Gain on sale of property, plant and equipment (101)    
Gain on acquisition of business     (22)
Change in non-cash operating working capital:      
Accounts receivable 5,480 1,603 1,349
Inventories 18,030 (2,158) (3,248)
Prepaid expenses 251 (436) 738
Income taxes payable 94 (158) (466)
Accounts payable (15,535) 2,414 388
Accrued liabilities (2,467) 904 (1,771)
2,903 9,925 2,033
Financing:      
Increase in revolving credit facility 7,326 442 8,204
Repayment of long-term debt (4,631) (2,162) (2,470)
Principal payment of capital lease obligations (2,236) (1,727) (1,416)
Proceeds from issuance of common stock 61 220 317
Proceeds from sale and leaseback 988 170  
Payment of contingent consideration (1,059) (965)  
Debt issuance and deferred financing costs (100)   (1,021)
349 (4,022) 3,614
Investment:      
Purchase of property, plant and equipment (2,566) (6,335) (912)
Proceeds from sale of property, plant and equipment 406    
Acquisition of business, net of cash acquired     (3,033)
(2,160) (6,335) (3,945)
Increase (decrease) in cash 1,092 (432) 1,702
Cash, beginning of year 2,203 2,635 933
Cash, end of the year 3,295 2,203 2,635
Supplemental Information:      
Cash interest paid 1,376 1,588 1,114
Cash taxes paid—net 797 941 1,050
Property, plant and equipment acquired through capital lease $ 1,430 $ 1,048 $ 3,128