Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.6.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2016
Jan. 02, 2016
Operating activities:    
Net (loss) income $ (607) $ 681
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 2,415 2,342
Amortization of deferred financing fees 78 125
Excess tax benefits from stock awards 0 (89)
(Benefit from) provision for deferred income taxes (194) 994
Non-cash stock compensation 369 412
Change in fair value of contingent consideration (100) (200)
Loss (gain) on disposal of equipment 5 (1)
Changes in operating assets and liabilities:    
Accounts receivable, net 15,448 14,377
Inventories, net (14,791) (10,836)
Prepaid expenses and other assets (770) (2,479)
Accounts payable 3,063 (1,644)
Accrued expenses (5,264) (3,826)
Income taxes (150) (625)
Other liabilities 44 (240)
Net cash used in operating activities (454) (1,009)
Investing activities:    
Purchases of property and equipment, net (1,883) (1,753)
Proceeds from sale of fixed assets 0 16
Net cash used in investing activities (1,883) (1,737)
Financing activities:    
Proceeds from long-term debt 115,707 118,629
Repayment of long-term debt (111,749) (114,660)
Repayment of capital financing (101) (36)
Repurchase of common stock (965) (1,117)
Payment of withholding taxes on stock awards (542) (163)
Excess tax benefits from stock awards 0 89
Net cash provided by financing activities 2,350 2,742
Net increase (decrease) in cash and cash equivalents 13 (4)
Cash and cash equivalents at beginning of period 397 300
Cash and cash equivalents at end of period 410 296
Supplemental cash flow information:    
Cash paid during the period for interest 1,209 982
Cash paid during the period for income taxes, net of refunds received 94 33
Non-cash financing activity - capital lease agreements $ 1,619 $ 1,336