XML 21 R8.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Jan. 02, 2016
Jan. 03, 2015
OPERATING ACTIVITIES:      
Net Income $ 6,535 $ 4,520 $ 1,948
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 22,166 20,687 18,234
Share-based Compensation 2,779 2,787 3,109
Excess tax benefit from share-based compensation 0 0 (217)
Deferred income taxes 2,453 1,780 3,287
Provision for doubtful accounts 128 208 37
Lower of cost or market inventory adjustments 2,223 1,832 1,759
(Gain) loss on asset disposals (336) 855 330
Changes in assets and liabilities:      
Trade receivables 600 (507) (439)
Merchandise inventories 8,524 (10,387) (13,021)
Other current assets 2,789 2,220 (6,431)
Other assets (481) (379) (659)
Accounts payable 5,929 (7,901) 10,787
Accrued payroll (5,897) 7,252 2,870
Accrued expenses and other 2,003 (141) 588
Deferred items and other non-current liabilities (70) 480 1,776
Net cash provided by operating activities 49,345 23,306 23,958
INVESTING ACTIVITIES:      
Proceeds from sale of property and equipment 884 67 57
Purchases of property and equipment (22,679) (22,613) (24,573)
Net cash used in investing activities (21,795) (22,546) (24,516)
FINANCING ACTIVITIES:      
Borrowings on line of credit 1,051 875 2,240
Repayments on line of credit (1,051) (875) (2,240)
Proceeds from exercise of stock options 1 1,141 1,651
Proceeds from sale of common stock pursuant to Associates Stock Buying Plan 609 590 654
Excess tax benefit from share-based compensation 0 0 217
Treasury stock (176) (114) (4,766)
Net cash provided by (used in) financing activities 434 1,617 (2,244)
Effect of exchange rate changes on cash (2) 107 69
NET INCREASE (DECREASE) IN CASH 27,982 2,484 (2,733)
CASH AT BEGINNING OF PERIOD 48,159 45,675 48,408
CASH AT END OF PERIOD 76,141 48,159 45,675
Other cash flow information:      
Cash paid for interest 275 287 328
Cash paid for income taxes, net of refunds of $2,990, $151 and $1,394 (339) (27) 2,064
Non-cash investing activities      
Property and equipment additions in accounts payable $ 2,452 $ 1,657 $ 725