XML 18 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 26, 2016
Mar. 28, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Loss from continuing operations $ (4,757) $ (2,380)
Loss from discontinued operations (10) (88)
Net loss (4,767) (2,468)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,497 3,637
Benefit for deferred taxes (1,954) (1,722)
Net (gain) loss on property, plant and equipment disposals 120 (5)
Stock-based compensation expense 328 277
Excess tax benefits from stock-based compensation 0 (236)
Bad debt expense (credit) (27) 32
Changes in operating assets and liabilities:    
Receivables 5,100 (1,238)
Inventories 6,273 (6,047)
Other current assets (2,427) (1,945)
Accounts payable and accrued expenses (3,426) 8,383
Other operating assets and liabilities (297) (358)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 2,420 (1,690)
CASH FLOWS FROM INVESTING ACTIVITIES    
Net proceeds from sales of property, plant and equipment 0 55
Purchase of property, plant and equipment (1,143) (2,850)
NET CASH USED IN INVESTING ACTIVITIES (1,143) (2,795)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings on revolving credit facility 1,851 318
Borrowings on notes payable - buildings 0 6,290
Payments on notes payable - buildings (183) (157)
Payments on notes payable related to acquisitions (273) (253)
Borrowings on notes payable - equipment and other 0 84
Payments on notes payable - equipment and other (1,227) (1,141)
Payments on capital leases (776) (650)
Change in outstanding checks in excess of cash (517) 421
Proceeds from exercise of stock options 0 213
Repurchases of Common Stock (119) (527)
Excess tax benefits from stock-based compensation 0 236
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (1,244) 4,834
INCREASE IN CASH AND CASH EQUIVALENTS 33 349
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 281 394
CASH AND CASH EQUIVALENTS AT END OF PERIOD 314 743
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 1,192 999
Income taxes paid (received), net (144) 98
Equipment purchased under capital leases 75 0
Equipment purchased under notes payable 0 1,267
Deposits utilized on purchased equipment, net 0 1,587
Shortfall of tax benefits from stock-based compensation $ (179) $ (90)