XML 18 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
9 Months Ended
Oct. 29, 2016
Oct. 31, 2015
Operating Activities    
Net income (loss) $ 26,000 $ (1,421,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 13,583,000 12,721,000
Stock-based compensation expense 1,273,000 2,139,000
Loss on impairment of long-lived assets 1,406,000 1,598,000
Loss on disposal of assets 289,000 47,000
Grow NJ award benefit 1,138,000  
Deferred income tax benefit (463,000) (1,908,000)
Amortization of deferred financing costs 231,000 136,000
Decrease (increase) in:    
Trade receivables 1,713,000 (1,884,000)
Inventories (1,023,000) (4,288,000)
Prepaid expenses and other current assets (394,000) 2,494,000
Other non-current assets 1,000 (217,000)
Increase (decrease) in:    
Accounts payable, accrued expenses and other current liabilities (12,185,000) (6,598,000)
Deferred rent and other non-current liabilities (569,000) (422,000)
Net cash provided by operating activities 5,026,000 2,397,000
Investing Activities    
Capital expenditures (9,616,000) (23,947,000)
Proceeds from sale of property and equipment 2,000 35,000
Additions to intangible assets (72,000) (144,000)
Net cash used in investing activities (9,686,000) (24,056,000)
Financing Activities    
Increase in cash overdraft (544,000) 1,318,000
(Decrease) increase in line of credit borrowings (21,900,000) 31,600,000
Proceeds from long-term debt 32,000,000  
Repayment of long-term debt (2,964,000) (2,092,000)
Deferred financing costs paid (1,275,000) (151,000)
Withholding taxes on stock-based compensation paid in connection with repurchase of common stock (21,000) (62,000)
Cash dividends paid 0 (8,301,000)
Proceeds from exercise of stock options 3,000 69,000
Net cash provided by financing activities 5,299,000 22,381,000
Effect of exchange rate changes on cash and cash equivalents 1,000 (5,000)
Net Increase in Cash and Cash Equivalents 640,000 717,000
Cash and Cash Equivalents, Beginning of Period 2,116,000 1,349,000
Cash and Cash Equivalents, End of Period 2,756,000 2,066,000
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 2,140,000 1,068,000
Cash paid for income taxes $ 252,000 $ (1,566,000)