XML 52 R5.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 25, 2015
Sep. 26, 2014
Cash flows from operating activities:    
Net (loss) income $ (4,421) $ 3,058
Depreciation 2,026 1,547
Amortization of intangible assets 545 108
Amortization of debt issuance costs 458 272
Stock-based compensation 76 50
Payment in Kind (PIK) interest expense 462 0
Deferred income taxes 0 (2,318)
Total adjustments (854) 2,717
Changes in operating assets and liabilities:    
Accounts receivable (668) (2,985)
Inventories (2,842) (6,395)
Other assets (1,762) (65)
Accounts payable 6,487 2,912
Accrued expenses (1,367) 843
Payable to related party 481 375
Deferred revenue (146) (147)
Other 1,358 (275)
Total changes in operating capital 1,541 (5,737)
Net cash provided by (used in) continuing operations 687 (3,020)
Net cash provided by discontinued operations 0 74
Net cash provided by (used in) operating activities 687 (2,946)
Cash flows from investing activities:    
Payment for acquisition, net of cash received (23,855) (10,774)
Capital expenditures (2,167) (642)
Net cash used in investing activities (26,022) (11,416)
Cash flows from financing activities:    
Net borrowings on revolving credit facility 4,375 14,337
Proceeds from term loan facility 24,000 0
Loan from related party 0 400
(Decrease) increase in book overdraft (115) 97
Direct costs associated with debt facilities (2,627) (672)
Net cash provided by financing activities 25,633 14,162
Effect of exchange rate changes on cash (309) (109)
Net decrease in cash (11) (309)
Cash, beginning of period 66 708
Cash, end of period 55 399
Supplemental cash flow disclosure    
Interest paid 1,637 484
Supplemental information of non-cash investing and financing activity    
Accrued contingent earnout payment 2,000 0
Capital expenditures included in accounts payable $ 1,159 $ 0