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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 27, 2021
Mar. 28, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Loss from continuing operations $ (1,967) $ (2,613)
Loss from discontinued operations (61) (76)
Net loss (2,028) (2,689)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 2,578 3,034
Provision for deferred income taxes (64) 0
Net gain on property, plant and equipment disposals 0 (37)
Stock-based compensation expense 71 93
Bad debt expense 0 (35)
Changes in operating assets and liabilities:    
Receivables (2,875) (1,056)
Inventories (4,309) (2,718)
Prepaids and other current assets 1,437 (2,349)
Accounts payable and accrued expenses 7,939 2,154
Other operating assets and liabilities (1,118) (597)
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,631 (4,200)
CASH FLOWS FROM INVESTING ACTIVITIES    
Net proceeds from sales of property, plant and equipment 0 40
Purchase of property, plant and equipment (364) (650)
NET CASH USED IN INVESTING ACTIVITIES (364) (610)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net (payments) borrowings on revolving credit facility (354) 1,963
Payments on notes payable - buildings and other term loans (140) (104)
Payments on notes payable - equipment and other (910) (716)
Payments on finance leases (781) (1,151)
Borrowings on finance leases 0 2,220
Change in outstanding checks in excess of cash 578 2,052
Repurchases of Common Stock (57) (204)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (1,664) 4,060
DECREASE IN CASH AND CASH EQUIVALENTS (397) (750)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,920 769
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,523 19
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 812 875
Interest paid for financing leases [1] 391 343
Income taxes paid, net of tax refunds 79 65
Right-of-use assets obtained in exchange for new operating lease liabilities 0 43
Accrued purchases of equipment $ 238 $ 144
[1] Includes leases classified as failed sale-leaseback transactions.