Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Oct. 02, 2011
Sep. 30, 2012
Oct. 02, 2011
Operations:        
Net earnings (loss) $ 1,322 $ (1,456) $ 6,555 $ (1,705)
Depreciation 786 704 2,310 2,059
Unrealized (gain) loss on derivative financial instrument (note 11) (1,119) 125 (1,126) 125
Loss on extinguishment of debt (note 13)   300   300
Deferred income taxes (33) 73 (46) 43
Non-cash interest 98 57 303 166
Stock-based compensation 55 27 257 96
Contingent consideration     (650)  
Gain on acquisition of business   (22)   (22)
Change in non-cash operating working capital:        
Accounts receivable (2,169) 3,867 (4,111) 9,734
Inventories 4,396 (10,906) (3,656) (3,092)
Prepaid expenses 867 (124) (507) 826
Income taxes recoverable/payable (266) 3 (525) (42)
Accounts payable (5,528) 5,614 (3,851) (10,124)
Accrued liabilities (925) 1,353 (1,585) (1,827)
(2,516) (385) (6,632) (3,463)
Financing:        
Increase in revolving debt 2,150 6,712 12,784 10,713
Repayment of long-term debt   (1,235) (2,161) (1,235)
Principal payment of capital lease obligations (391) (342) (1,295) (1,174)
Payment of contingent consideration (note 12) (171)   (742)  
Proceeds from sales leaseback     170  
Deferred financing costs   (1,021)   (1,021)
Proceeds from issuance of common stock 27 19 220 317
1,615 4,133 8,976 7,600
Investing:        
Purchase of property, plant and equipment (513) (125) (4,024) (434)
Acquisition of business, net of cash acquired (note 12)   (3,033)   (3,033)
(513) (3,158) (4,024) (3,467)
Increase (decrease) in cash (1,414) 590 (1,680) 670
Cash, beginning of period 2,369 1,013 2,635 933
Cash, end of the period 955 1,603 955 1,603
Supplemental Information        
Cash interest paid 442 267 1,218 826
Cash taxes paid – net 205 102 833 551
Property, plant and equipment acquired through capital lease   $ 667 $ 1,048 $ 2,133