Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Apr. 01, 2012
Apr. 03, 2011
Operations:    
Net earnings $ 2,435 $ 745
Depreciation 752 663
Unrealized gain on derivative financial instrument (note 11) (462)  
Deferred income taxes (46) (21)
Non-cash interest 104 56
Stock-based compensation 101 55
Change in non-cash operating working capital:    
Accounts receivable (4,562) (830)
Inventories (2,310) (702)
Prepaid expenses (834) 262
Income taxes payable (319) (24)
Accounts payable (4,015) (3,012)
Accrued liabilities (425) (3,975)
(9,581) (6,783)
Financing:    
Increase in revolving debt 12,136 8,339
Repayment of long-term debt (1,235)  
Principal payment of capital lease obligations (502) (456)
Proceeds from sales leaseback 170  
Proceeds from issuance of common stock 193 263
10,762 8,146
Investing:    
Purchase of property, plant and equipment (1,699) (119)
(1,699) (119)
Increase (decrease) in cash (518) 1,244
Cash, beginning of period 2,635 933
Cash, end of the period 2,117 2,177
Supplemental Information    
Cash interest paid 401 246
Cash taxes paid – net 508 279
Property, plant and equipment acquired through capital lease $ 570 $ 1,466