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Consolidated Cash Flow Statements (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 03, 2022
Jul. 04, 2021
Cash flows from operating activities:    
Net (loss) income $ (392) $ 2,193
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,531 1,274
Forgiveness of PPP Loan and related interest 0 (3,599)
Deferred income taxes 225 266
Stock-based compensation expense 349 163
Deferred loan costs recognized 3 3
Net loss on the sale of assets 10 11
Provision for excess and obsolete inventory 129 65
Non-cash lease expense 442 438
Other noncash items 91 90
Contributions to pension plans (47) (254)
Changes in operating assets and liabilities:    
Accounts receivable (1,155) (3,270)
Inventory 711 (7,063)
Other current assets (819) (335)
Accounts payable 805 7,218
Accrued and other liabilities (3,892) 11,406
Net cash (used in) provided by operating activities (2,009) 8,606
Cash flows from investing activities:    
Capital expenditures (1,840) (1,213)
Proceeds from sale of assets 0 10
Net cash used in investing activities (1,840) (1,203)
Cash flows from financing activities:    
Principal payments on finance lease obligations (479) (211)
Principal payments on equipment financing obligations (165) (65)
Indirect repurchase of shares for minimum statutory tax withholdings (36) (382)
Net cash used in financing activities (680) (658)
Effect of exchange rate changes on cash balances 395 (157)
Net (decrease) increase in cash and cash equivalents (4,134) 6,588
Cash and cash equivalents at beginning of period 11,620 11,606
Cash and cash equivalents at end of period 7,486 18,194
Supplemental disclosure of cash flow information:    
Right-of-use assets obtained in exchange for finance lease obligations 0 168
Capital expenditures purchased through equipment financing obligations $ 0 $ 1,070