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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 25, 2016
Cash flows from operating activities:    
Net income (loss) $ 14,341 $ (3,239)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,214 1,397
Amortization of finite-lived intangibles 1,231 1,440
Amortization of debt issuance costs 38 38
Stock-based compensation 1,382 1,065
Change in the fair value of the contingent earn out 310 421
Changes in assets and liabilities    
Accounts receivable (20,078) (7,479)
Inventories (19,068) (9,173)
Prepaid expenses and other 246 1,673
Deferred income taxes (58) 393
Other non-current assets (245) (8)
Accounts payable 23,793 13,244
Accrued compensation and related benefits 2,908 (1,546)
Income taxes payable 2,149  
Other liabilities 981 1,578
Net cash provided by (used for) operating activities 9,144 (196)
Cash flows from investing activities:    
Purchases of equipment and leasehold improvements (2,784) (2,030)
Net cash used for investing activities (2,784) (2,030)
Cash flows from financing activities:    
Proceeds from bank borrowings 1,000 1,637
Proceeds from issuance of common stock 1,383  
Principal payments on bank borrowings (4,697) (3,566)
Employees’ taxes paid upon vesting of restricted stock units (1,582) (404)
Net cash used for financing activities (3,896) (2,333)
Effect of exchange rate changes on cash and cash equivalents 6 (5)
Net increase (decrease) in cash and cash equivalents 2,470 (4,564)
Cash and cash equivalents at beginning of period 52,465 50,103
Cash and cash equivalents at end of period 54,935 45,539
Supplemental cash flow information:    
Income taxes paid 2,418 143
Income tax refunds 25 598
Interest paid 551 692
Non-cash investing activities:    
Restricted stock issued 7,003 1,583
Equipment and leasehold improvements purchased included in accounts payable $ 658 $ 146