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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2018
Sep. 29, 2017
Cash flows from operating activities:    
Net income $ 11,520 $ 4,883
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 7,234 6,322
Amortization 8,949 8,712
Provision for allowance for doubtful accounts 2,811 2,841
Deferred rent 454 254
Deferred taxes 561 1,755
Amortization of deferred financing fees 1,657 1,574
Stock compensation 2,999 2,384
Change in fair value of contingent earn-out liability 2,026 72
Loss on asset disposal 30 10
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (4,302) (5,760)
Inventories (4,336) (19,731)
Prepaid expenses and other current assets (148) 1,668
Accounts payable, accrued liabilities and accrued compensation 7,163 20,430
Other liabilities (2,584) (1,997)
Other assets (528) (214)
Net cash provided by operating activities 33,506 23,203
Cash flows from investing activities:    
Capital expenditures (9,407) (9,860)
Proceeds from asset disposals 30 0
Cash paid for acquisitions, net of cash received (11,899) (29,722)
Net cash used in investing activities (21,276) (39,582)
Cash flows from financing activities:    
Payment of debt (49,359) (11,641)
Cash paid for deferred financing fees (877) 0
Surrender of shares to pay withholding taxes (691) (455)
Cash paid for contingent earn-out liability 0 (500)
Borrowings under asset based loan facility 47,100 0
Net cash used in financing activities (3,827) (12,596)
Effect of foreign currency translation on cash and cash equivalents (50) 184
Net increase (decrease) in cash and cash equivalents 8,353 (28,791)
Cash and cash equivalents-beginning of period 41,504 32,862
Cash and cash equivalents-end of period $ 49,857 $ 4,071