XML 30 R7.htm IDEA: XBRL DOCUMENT v3.24.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Loss from continuing operations $ (1,952) $ (33,415)
Loss from discontinued operations (766) (1,664)
Net loss (2,718) (35,079)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 7,331 7,624
Benefit for deferred income taxes 0 (31)
Net (gain) loss on property, plant and equipment disposals (8,198) 1,003
Stock-based compensation expense 687 766
Bad debt expense 31 62
Net gain on extinguishment of debt (419) 0
Changes in operating assets and liabilities:    
Receivables 1,094 15,223
Inventories 7,488 (960)
Prepaid and other current assets (1,987) (242)
Accounts payable and accrued expenses (506) (9,647)
Other operating assets and liabilities 645 2,121
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 4,214 (17,496)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES - DISCONTINUED OPERATIONS (1,595) 817
CASH FLOWS FROM INVESTING ACTIVITIES    
Net proceeds from sales of property, plant and equipment 16,055 88
Purchase of property, plant and equipment (980) (4,579)
Investment in joint venture, net of capital distributions 0 (50)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 15,075 (4,541)
NET CASH PROVIDED BY INVESTING ACTIVITIES - DISCONTINUED OPERATIONS 8 240
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings (payments) on revolving credit facility (4,175) 18,636
Borrowings on notes payable - buildings and other term loans 0 11,000
Payments on notes payable - buildings and other term loans (11,424) (5,965)
Borrowings on notes payable - other 1,542 1,657
Payments on notes payable - other (2,364) (2,484)
Payments on finance leases (256) (565)
Change in outstanding checks in excess of cash (1,266) (1,443)
Repurchases of Common Stock (43) (737)
Payments for debt issuance costs 0 (227)
NET CASH PROVIDED BY (USED) IN FINANCING ACTIVITIES (17,986) 19,872
DECREASE IN CASH AND CASH EQUIVALENTS (284) (1,108)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 363 1,471
CASH AND CASH EQUIVALENTS AT END OF PERIOD 79 363
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 7,020 3,409
Income taxes paid, net of (tax refunds) (786) 6
Right-of-use assets obtained in exchange for new operating lease 10,765 911
Equipment purchased under finance leases 133 0
Commission accrued on sale of building 433 0
Receivable on sale of equipment $ 0 $ 350