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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 26, 2021
Jun. 27, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Income (loss) from continuing operations $ 1,442 $ (9,592)
Loss from discontinued operations (121) (157)
Net income (loss) 1,321 (9,749)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 5,130 5,595
Provision for deferred income taxes (128) 0
Net gain on property, plant and equipment disposals 0 (37)
Stock-based compensation expense 204 173
Bad debt expense 411 69
Changes in operating assets and liabilities:    
Receivables (14,165) 5,062
Inventories (5,985) 5,550
Prepaids and other current assets 2,733 (594)
Accounts payable and accrued expenses 14,601 4,572
Other operating assets and liabilities (890) 400
NET CASH PROVIDED BY OPERATING ACTIVITIES 3,232 11,041
CASH FLOWS FROM INVESTING ACTIVITIES    
Net proceeds from sales of property, plant and equipment 0 40
Purchase of property, plant and equipment (1,990) (979)
NET CASH USED IN INVESTING ACTIVITIES (1,990) (939)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net (payments) borrowings on revolving credit facility 3,132 (9,841)
Payments on notes payable - buildings and other term loans (294) (139)
Payments on notes payable - equipment and other (1,669) (1,201)
Payments on finance leases (1,480) (1,747)
Borrowings on finance leases 0 2,220
Change in outstanding checks in excess of cash (396) 427
Repurchases of Common Stock (57) (207)
NET CASH USED IN FINANCING ACTIVITIES (764) (10,488)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 478 (386)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,920 769
CASH AND CASH EQUIVALENTS AT END OF PERIOD 2,398 383
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 1,372 1,738
Interest paid for financing leases [1] 770 691
Income taxes paid, net of tax refunds 80 (108)
Right-of-use assets obtained in exchange for new operating lease liabilities 0 626
Equipment purchased under notes payable 0 1,314
Accrued purchases of equipment $ 174 $ 205
[1] Includes leases classified as failed sale-leaseback transactions.