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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
OPERATING ACTIVITIES:    
Net income $ 12,471 $ 10,686
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,987 10,159
Share-based compensation 1,449 1,491
Excess tax benefit from share-based compensation 0 0
Deferred income taxes 973 1,295
Provision for doubtful accounts 100 7
Lower of cost or market inventory adjustments 1,119 1,291
Loss on asset disposals 166 716
Changes in assets and liabilities:    
Trade receivables (3,607) (3,854)
Merchandise inventories (31,901) (45,123)
Other current assets 3,656 3,403
Other assets (392) (123)
Accounts payable 51,999 20,508
Accrued expenses and other 5,110 10,043
Deferred items and other non-current liabilities 193 (130)
Net cash provided by operating activities 52,323 10,369
INVESTING ACTIVITIES:    
Proceeds from sale of property and equipment 23 24
Purchases of property and equipment (11,111) (13,321)
Net cash used in investing activities (11,088) (13,297)
FINANCING ACTIVITIES:    
Borrowings on line of credit 820 455
Repayments on line of credit (820) (455)
Proceeds from exercise of stock options 0 1,141
Proceeds from sale of common stock pursuant to Associates Stock Buying Plan 287 296
Treasury shares acquired (125) (70)
Net cash provided by financing activities 162 1,367
Effect of exchange rate changes on cash (5) 45
NET INCREASE (DECREASE) IN CASH 41,392 (1,516)
CASH AT BEGINNING OF PERIOD 48,159 45,675
CASH AT END OF PERIOD 89,551 44,159
Other cash flow information:    
Cash paid for interest 156 145
Cash (refunded) paid for income taxes, net of refunds of $2,947 and $80 (2,753) 36
Non-cash investing activities    
Property and equipment additions in accounts payable $ 570 $ 1,320