Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jan. 03, 2016
Dec. 28, 2014
Dec. 29, 2013
Operations:      
Net loss for the year $ (4) $ (3,878) $ (12,463)
Items not involving cash:      
Depreciation 3,967 3,997 3,883
Unrealized (gain)/loss on derivative instrument (note 7) (616) 1,822 1,107
Deferred income taxes 76 1,085 3,681
Amortization of deferred financing fees 32 385 389
Stock-based compensation $ 510 $ 264 248
Fair value adjustment related to contingent consideration 274
Loss (gain) on sale of property, plant and equipment $ 2 $ 51 (101)
Change in non-cash operating working capital:      
Accounts receivable 1,139 (203) 5,480
Inventories 5,713 5,186 18,030
Prepaid expenses and other assets 152 (503) 251
Income taxes receivable/payable (49) (213) 94
Accounts payable 1,439 (3,732) (15,124)
Accrued liabilities (1,483) 734 (2,315)
10,878 4,995 (3,434)
Financing:      
Advances (repayment) of revolving credit facility (10,649) $ 1,148 7,326
Advances (repayment) of long-term debt 5,000 (4,631)
Principal payment of capital lease obligations $ (1,086) $ (1,858) (2,236)
Proceeds from issuance of common stock 61
Proceeds from sale and leaseback 988
Payment of contingent consideration (1,059)
Debt issuance and deferred financing costs $ (10) $ (200) (100)
(6,745) $ (910) $ 349
Investing:      
Restricted cash - guaranteed deposit (805)
Purchase of property, plant and equipment (2,682) $ (1,971) $ (3,097)
Proceeds from sale of property, plant and equipment 6 38 406
(3,481) (1,933) (2,691)
Increase in cash 652 2,152 1,092
Cash, beginning of year 5,447 3,295 2,203
Cash, end of the year 6,099 5,447 3,295
Supplemental Information:      
Cash interest paid 1,065 1,192 1,376
Cash taxes paid $ 591 1,082 797
Property, plant and equipment acquired through capital lease 1,703 1,430
Property, plant and equipment acquired that was unpaid in cash and included in accounts payable and accrued liabilities $ 247 $ 101 $ 143