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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jan. 01, 2022
Jan. 02, 2021
Operating activities    
Net income $ 26,620,000 $ 1,056,000
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Depreciation and amortization 3,456,000 3,206,000
Net amortization (accretion) of investment premiums and discounts 109,000 12,000
Amortization of intangible assets 0 274,000
Gain on sale of Photonics division (54,341,000)  
Asset impairment charges 1,246,000  
Equity-based compensation 4,003,000 3,389,000
Straight-line rent adjustment and amortization of lease incentives (463,000) (286,000)
Deferred income taxes 25,000 917,000
Changes in assets and liabilities:    
Accounts receivable 10,850,000 (27,000)
Inventories 9,597,000 3,218,000
Prepaid expenses and other assets 6,000 (462,000)
Accounts payable (932,000) 60,000
Accrued payroll and other accrued liabilities (1,972,000) 1,467,000
Customer advances 2,074,000 (3,974,000)
Total adjustments (26,342,000) 7,794,000
Net cash and cash equivalents provided by operating activities 278,000 8,850,000
Investing activities    
Purchase of investments (17,148,000) (23,342,000)
Proceeds from sales and maturities of investments 19,550,000 25,355,000
Proceeds from sale of Photonics division 70,000,000  
Purchase of leasehold improvements and equipment (1,198,000) (2,612,000)
Net cash and cash equivalents provided by (used in) investing activities 71,204,000 (599,000)
Financing activities    
Proceeds from issuance of common stock 2,632,000 1,897,000
Common stock repurchases 0 (393,000)
Taxes paid related to net share settlement (734,000) (402,000)
Net cash and cash equivalents provided by financing activities 1,898,000 1,102,000
Effect of exchange rate changes on cash 6,000 221,000
Net increase in cash, cash equivalents and restricted cash 73,386,000 9,574,000
Cash, cash equivalents and restricted cash at beginning of period 30,128,000 20,554,000
Cash, cash equivalents and restricted cash at end of period 103,514,000 30,128,000
Cash paid (received) for:    
Income taxes 559,000 850,000
Income tax refund $ (18,000) $ (157,000)