XML 18 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 25, 2016
Jun. 27, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Loss from continuing operations $ (3,142) $ (1,864)
Income (loss) from discontinued operations 52 (100)
Net loss (3,090) (1,964)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 6,823 7,301
Benefit for deferred taxes (1,683) (1,354)
Net (gain) loss on property, plant and equipment disposals 259 (108)
Stock-based compensation expense 751 725
Excess tax benefits from stock-based compensation 0 (249)
Bad debt expense (credit) (95) 59
Changes in operating assets and liabilities:    
Receivables 4,780 (3,646)
Inventories 8,980 (10,198)
Other current assets (2,833) (1,981)
Accounts payable and accrued expenses (1,426) 12,093
Other operating assets and liabilities (815) (866)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 11,651 (188)
CASH FLOWS FROM INVESTING ACTIVITIES    
Net proceeds from sales of property, plant and equipment 1 60
Purchase of property, plant and equipment (2,070) (3,171)
NET CASH USED IN INVESTING ACTIVITIES (2,069) (3,111)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net (payments) borrowings on revolving credit facility (4,406) 1,519
Borrowings on notes payable - buildings 0 6,290
Payments on notes payable - buildings (365) (339)
Payments on notes payable related to acquisitions (549) (508)
Borrowings on notes payable - equipment and other 0 377
Payments on notes payable - equipment and other (2,402) (2,348)
Borrowings on equipment purchased under capital leases 645 0
Payments on capital leases (1,502) (1,337)
Change in outstanding checks in excess of cash (1,070) (298)
Proceeds from exercise of stock options 0 274
Repurchases of Common Stock (119) (529)
Excess tax benefits from stock-based compensation 0 249
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (9,768) 3,350
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (186) 51
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 281 394
CASH AND CASH EQUIVALENTS AT END OF PERIOD 95 445
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 2,413 2,089
Income taxes paid (received), net (123) 98
Equipment purchased under capital leases 169 0
Equipment purchased under notes payable 0 2,850
Deposits utilized on purchased equipment, net 0 1,857
Accrued purchases of equipment 0 424
Shortfall of tax benefits from stock-based compensation $ (179) $ (90)