XML 25 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 29, 2017
Apr. 30, 2016
Operating Activities    
Net income (loss) $ (1,142) $ 4,041
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 4,461 4,386
Stock-based compensation expense 414 458
Loss on impairment of long-lived assets 1,346 411
Loss on disposal of assets 94 102
Grow NJ award benefit 2,533 (900)
Deferred income tax benefit   (220)
Amortization of deferred financing costs 103 51
Decrease (increase) in:    
Trade receivables (1,489) (2,223)
Inventories (4,641) (4,674)
Prepaid expenses and other current assets 3,705 1,766
Other non-current assets (15) (46)
Increase (decrease) in:    
Accounts payable, accrued expenses and other current liabilities 1,474 (9,392)
Deferred rent and other non-current liabilities (253) 281
Net cash provided by (used in) operating activities 6,590 (5,959)
Investing Activities    
Capital expenditures (2,027) (3,617)
Proceeds from sale of property and equipment   2
Additions to intangible assets (10) (43)
Net cash used in investing activities (2,037) (3,658)
Financing Activities    
(Decrease) increase in cash overdraft (1,004) 702
Decrease in line of credit borrowings (2,500) (19,600)
Proceeds from long-term debt   32,000
Repayment of long-term debt (1,540) (715)
Deferred financing costs paid (6) (1,094)
Withholding taxes on stock-based compensation paid in connection with repurchase of common stock (35) (15)
Proceeds from exercise of stock options   3
Net cash (used in) provided by financing activities (5,085) 11,281
Effect of exchange rate changes on cash and cash equivalents 1 2
Net (Decrease) Increase in Cash and Cash Equivalents (531) 1,666
Cash and Cash Equivalents, Beginning of Period 2,859 2,116
Cash and Cash Equivalents, End of Period 2,328 3,782
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 893 342
Cash (received) paid for income taxes $ (4,510) $ 143