XML 49 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 28, 2013
Dec. 29, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income $ 6,425,876 $ 11,832,985 $ 790,671
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 3,412,891 2,921,624 3,030,790
Treasury stock issued for legal settlement     2,184,000
Amortization and write-off of debt issuance costs 282,129 392,518 1,224,954
Provision for losses on doubtful receivables 62,618 30,034 151,915
Deferred income taxes 1,059,169 (825,451)  
Stock-based compensation expense 402,363 294,195 451,203
Gain on sale of property, plant, and equipment, net (289,632) (353,007) (191,108)
Changes in operating assets and liabilities      
Accounts receivable (2,904,202) 3,228,527 (2,514,944)
Inventories (187,324) 5,825,931 (907,713)
Other current assets (131,485) 574,922 (228,056)
Trade accounts payable 3,952,411 (9,487,890) 9,852,532
Other current liabilities 1,377,903 (2,005,044) 625,599
Net cash from operating activities 13,462,717 12,429,344 14,469,843
Cash flows from investing activities:      
Proceeds from sale of property, plant, and equipment 1,268,167 4,239,153 579,400
Additions to property, plant and equipment (6,237,152) (13,159,255) (2,766,344)
Proceeds from sale of investments 0 0 304,755
Purchases of investments (27,338) (1,963,156) (12,852)
Decrease in other assets 25,736 29,878 8,746
Net cash from investing activities (4,970,587) (10,853,380) (1,886,295)
Cash flows from financing activities:      
Proceeds from revolving line of credit and other long-term debt 63,374,736 295,080,663 121,630,314
Repayments of revolving line of credit and other long-term debt (67,814,067) (296,428,325) (132,821,867)
Debt issuance costs (358,975) (376,488) (2,383,794)
Proceeds from exercise of stock options 141,397 100,409 48,585
Net cash from financing activities (4,656,909) (1,623,741) (13,526,762)
Change in cash and cash equivalents 3,835,221 (47,777) (943,214)
Cash and cash equivalents, beginning of year 59,056 106,833 1,050,047
Cash and cash equivalents, end of year 3,894,277 59,056 106,833
Cash paid (received) during the year for:      
Interest, net 305,895 792,810 1,363,223
Income taxes, net $ 2,072,401 $ 1,264,905 $ (50,133)