XML 49 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 26, 2014
Sep. 27, 2013
Cash flows from operating activities:    
Net Income (loss) $ 3,058 $ (519)
Income from discontinued operations 0 373
Income (loss) from continuing operations 3,058 (892)
Depreciation 1,547 1,550
Amortization of intangible assets 108 0
Amortization of debt issuance costs 272 155
Stock-based compensation 50 15
Loss on sale or disposal of assets 0 230
Deferred income taxes (2,318) 0
Total adjustments 2,717 1,058
Changes in operating assets and liabilities:    
Accounts receivable (2,985) (1,830)
Inventories (6,395) (742)
Other assets (65) 379
Accounts payable 2,912 1,390
Accrued expenses 843 265
Payable to related party 375 375
Deferred revenue (147) (155)
Other (275) (393)
Total changes in operating capital (5,737) (711)
Net cash (used in) provided by continuing operations (3,020) 347
Net cash provided by discontinued operations 74 1,133
Net cash (used in) provided by operating activities (2,946) 1,480
Cash flows from investing activities:    
Payment for acquisition, net of cash received (10,774) 0
Capital expenditures (642) (391)
Net cash used in continuing operations (11,416) (391)
Net cash provided by discontinued operations 0 1,913
Net cash (used in) provided by investing activities (11,416) 1,522
Cash flows from financing activities:    
Net borrowings 14,337 (2,193)
Loan from related party 400 0
Increase (decrease) in book overdraft 97 (303)
Direct costs associated with debt facilities (672) 0
Net cash provided by (used in) financing activities 14,162 (2,496)
Effect of exchange rate changes on cash from continuing operations (109) (49)
Effect of exchange rate changes on cash from discontinued operations 0 (16)
Effect of exchange rate changes on cash (109) (65)
Net (decrease) increase in cash (309) 441
Cash, beginning of period 708 621
Cash, end of period $ 399 $ 1,062