XML 16 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 24, 2016
Cash flows from operating activities:    
Net income (loss) $ 34,520 $ (2,516)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,586 2,801
Amortization of finite-lived intangibles 2,462 2,879
Amortization of debt issuance costs 76 76
Stock-based compensation 2,762 2,183
Change in the fair value of the contingent earn out 619 628
Changes in assets and liabilities    
Accounts receivable (26,717) (13,869)
Inventories (35,174) (17,500)
Prepaid expenses and other 13 1,298
Deferred income taxes (40) 784
Other non-current assets (337) (36)
Accounts payable 31,350 25,016
Accrued compensation and related benefits 3,010 656
Income taxes payable 3,993  
Other liabilities 1,058 1,245
Net cash provided by operating activities 20,181 3,645
Cash flows from investing activities:    
Purchases of equipment and leasehold improvements (5,770) (3,702)
Disposal of equipment and leasehold improvements   62
Net cash used for investing activities (5,770) (3,640)
Cash flows from financing activities:    
Proceeds from bank borrowings 5,205 2,052
Proceeds from issuance of common stock 1,677 104
Principal payments on bank borrowings (12,607) (7,758)
Employees’ taxes paid upon vesting of restricted stock units (1,810) (434)
Net cash used for financing activities (7,535) (6,036)
Effect of exchange rate changes on cash and cash equivalents 141 (19)
Net increase (decrease) in cash and cash equivalents 7,017 (6,050)
Cash and cash equivalents at beginning of period 52,465 50,103
Cash and cash equivalents at end of period 59,482 44,053
Supplemental cash flow information:    
Income taxes paid 3,797 2,265
Income tax refunds 25 598
Interest paid 2,259 1,306
Non-cash investing activities:    
Restricted stock issued 9,485 2,576
Equipment and leasehold improvements purchased included in accounts payable $ 1,475 $ 148