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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 25, 2021
Sep. 26, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (Loss) $ 9,102 $ (9,668)
Income (loss) from discontinued operations (1,348) 778
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 6,884 7,446
Benefit for deferred income taxes (174) 0
Net gain on property, plant and equipment disposals 0 (37)
Stock-based compensation expense 339 246
Bad debt expense 414 (16)
Changes in operating assets and liabilities:    
Receivables (9,482) (5,415)
Inventories (15,294) 7,993
Prepaids and other current assets 2,904 885
Accounts payable and accrued expenses 12,454 7,997
Other operating assets and liabilities (2,546) 498
NET CASH PROVIDED BY OPERATING ACTIVITIES - CONTINUING OPERATIONS 4,601 9,929
CASH FLOWS FROM INVESTING ACTIVITIES    
Net proceeds from sales of property, plant and equipment and divestiture 18,450 40
Purchase of property, plant and equipment (3,310) (1,052)
NET CASH USED IN INVESTING ACTIVITIES - CONTINUING OPERATIONS 15,140 (1,012)
Cash Provided by (Used in) Investing Activities, Discontinued Operations 538 (401)
Cash Provided by (Used in) Operating Activities, Discontinued Operations (2,766) 5,991
CASH FLOWS FROM FINANCING ACTIVITIES    
Net payments on revolving credit facility (11,637) (13,230)
Payments on notes payable - buildings and other term loans (449) (208)
Payments on notes payable - equipment and other (3,493) (1,827)
Payments on finance leases (2,290) (2,767)
Borrowings on finance leases 0 2,211
Change in outstanding checks in excess of cash (250) 771
Repurchases of Common Stock (69) (207)
NET CASH USED IN FINANCING ACTIVITIES - CONTINUING OPERATIONS (18,188) (15,257)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (675) (750)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,920 769
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,245 19
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 1,885 2,810
Interest paid for financing leases [1] 1,136 1,067
Income taxes paid, net of tax refunds 80 (98)
Right-of-use assets obtained in exchange for new operating lease liabilities 0 653
Equipment purchased under notes payable 0 1,314
Escrow Deposits Related to Property Sales 2,050 0
Accrued purchases of equipment 0 134
NET INCOME (LOSS) $ 7,754 $ (8,890)
[1] Includes leases classified as failed sale-leaseback transactions.