XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 25, 2022
Jun. 26, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Income (Loss) from continuing operations $ (7,361) $ 3,505
Income (Loss) from discontinued operations (483) (2,184)
Net income (loss) (7,844) 1,321
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 4,069 4,534
Provision for deferred income taxes (47) (128)
Stock-based compensation expense 351 204
Bad debt expense 57 26
Changes in operating assets and liabilities:    
Receivables 4,202 (10,240)
Inventories (4,245) (7,641)
Prepaids and other current assets (2,506) 2,795
Accounts payable and accrued expenses (1,481) 12,511
Other operating assets and liabilities 1,071 (380)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (5,890) 5,186
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES - DISCONTINUED OPERATIONS 1,029 (1,955)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (2,994) (1,800)
NET CASH USED IN INVESTING ACTIVITIES (2,994) (1,800)
NET CASH USED IN INVESTING ACTIVITIES - DISCONTINUED OPERATIONS 0 (189)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings on revolving credit facility 4,997 3,132
Borrowings on notes payable - buildings 11,000 0
Payments on notes payable - buildings and other term loans (5,651) (294)
Payments on notes payable - equipment and other (1,213) (1,669)
Payments on finance leases (681) (1,480)
Change in outstanding checks in excess of cash (853) (396)
Repurchases of Common Stock (95) (57)
Payments for debt issuance costs (227) 0
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES 7,277 (764)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (578) 478
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,471 1,920
CASH AND CASH EQUIVALENTS AT END OF PERIOD 893 2,398
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 1,414 1,372
Interest paid for financing leases 718 770
Income taxes paid, net of tax refunds 55 80
Equipment purchased under notes payable $ 0 $ 174