Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 6 Months Ended
Jul. 01, 2012
Jul. 03, 2011
Jul. 01, 2012
Jul. 03, 2011
Operations:        
Net earnings (loss) $ 2,798 $ (994) $ 5,233 $ (249)
Items not involving cash:        
Depreciation 772 692 1,524 1,355
Unrealized (gain) loss on derivative financial instrument (note 11) 455   (7)  
Deferred income taxes 33 (9) (13) (30)
Non-cash interest 101 53 205 109
Stock-based compensation 101 14 202 69
Contingent consideration (650)   (650)  
Change in non-cash operating working capital:        
Accounts receivable 2,620 6,697 (1,942) 5,867
Inventories (5,742) 8,516 (8,052) 7,814
Prepaid expenses (540) 688 (1,374) 950
Income taxes payable 60 (21) (259) (45)
Accounts payable 5,692 (12,726) 1,677 (15,738)
Accrued liabilities (806) 795 (1,231) (3,180)
4,894 3,705 (4,687) (3,078)
Financing:        
Increase (decrease) in revolving debt (1,502) (4,338) 10,634 4,001
Repayment of long-term debt (926)   (2,161)  
Principal payment of capital lease obligations (402) (376) (904) (832)
Proceeds from sales leaseback     170  
Proceeds from issuance of common stock   35 193 298
(2,830) (4,679) 7,932 3,467
Investing:        
Purchase of property, plant and equipment (1,812) (190) (3,511) (309)
(1,812) (190) (3,511) (309)
Increase (decrease) in cash 252 (1,164) (266) 80
Cash, beginning of period 2,117 2,177 2,635 933
Cash, end of the period 2,369 1,013 2,369 1,013
Supplemental Information        
Cash interest paid 375 313 776 559
Cash taxes paid – net 120 170 628 449
Property, plant and equipment acquired through capital lease $ 478   $ 1,048 $ 1,466