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 6 Months Ended
Jun. 30, 2013
Jul. 01, 2012
Jun. 30, 2013
Jul. 01, 2012
Operations:        
Net earnings (loss) $ (6,002) $ 2,798 $ (4,836) $ 5,233
Depreciation 1,008 772 1,917 1,524
Unrealized (gain) loss on derivative financial instrument (note 11) 2,123 455 1,104 (7)
Gain on sale of property, plant and equipment (101)   (101)  
Deferred income taxes 17 33 (16) (13)
Non-cash interest 44 101 135 205
Stock-based compensation 81 101 181 202
Contingent consideration 250 (650)   (650)
Change in non-cash operating working capital:        
Accounts receivable 7,668 2,620 3,971 (1,942)
Inventories 9,676 (5,742) 5,688 (8,052)
Prepaid expenses 711 (540) 690 (1,374)
Income taxes receivable/payable (140) 60 19 (259)
Accounts payable (5,700) 5,692 (11,184) 1,677
Accrued liabilities 131 (806) (68) (1,231)
9,516 4,894 (2,500) (4,687)
Financing:        
Increase (decrease) in revolving debt (7,709) (1,502) 7,246 10,634
Repayment of term facility (1,158) (926) (2,315) (2,161)
Principal payment of capital lease obligations (503) (402) (1,144) (904)
Proceeds from sales leaseback     988 170
Payment of contingent consideration (273)   (564)  
Proceeds from issuance of common stock 11   11 193
(9,632) (2,830) 4,222 7,932
Investing:        
Purchase of property, plant and equipment (685) (1,812) (1,342) (3,511)
Proceeds from sale of property, plant and equipment 406   406  
(279) (1,812) (936) (3,511)
Increase (decrease) in cash (395) 252 786 (266)
Cash, beginning of period 3,384 2,117 2,203 2,635
Cash, end of the period 2,989 2,369 2,989 2,369
Supplemental Information        
Cash interest paid 357 375 665 776
Cash taxes paid – net 526 120 729 628
Property, plant and equipment acquired through capital lease   $ 478 $ 1,338 $ 1,048