XML 47 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 30, 2013
Mar. 31, 2012
Operating Activities    
Net loss $ 31,344 $ 37,870
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 10,883 13,124
Deferred income taxes 946 (1,147)
Provision for losses on accounts receivable 1,109 974
Amortization of deferred financing costs 1,126 1,112
Loss on sale or disposal of assets 32 22
Other non-cash charges 44 26
Changes in operating assets and liabilities:    
Accounts receivable 446 2,858
Inventories (52,422) (36,335)
Accounts payable and accrued liabilities (63,227) (58,877)
Income taxes receivable / payable (3,575) (4,800)
Other assets and liabilities (4,473) (961)
Net cash used in operating activities (14,001) (4,120)
Investing Activities    
Capital expenditures (1,361) (738)
Supply center acquisition (348) 0
Proceeds from sale of assets 1 4
Net cash used in investing activities (1,708) (734)
Financing Activities    
Borrowings under ABL facilities 44,672 30,073
Payments under ABL facilities (32,378) (31,560)
Equity contribution from parent 0 80
Net cash provided by (used in) financing activities 12,294 (1,407)
Effect of exchange rate changes on cash and cash equivalents (47) 101
Net decrease in cash and cash equivalents (3,462) (6,160)
Cash and cash equivalents at beginning of period 9,594 11,374
Cash and cash equivalents at end of period 6,132 5,214
Supplemental information:    
Cash paid for interest 982 1,152
Cash paid for income taxes $ 2,800 $ 6,856