v3.20.4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jan. 02, 2021
Dec. 28, 2019
Operating activities:    
Consolidated net earnings $ 843 $ 791
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 3,368 3,161
Amortization of deferred financing fees 81 73
Provision for inventory market reserves (405) (385)
Provision for deferred income taxes 740 0
Non-cash stock compensation 676 601
Loss (gain) on disposal of equipment 30 (37)
Other, net (200) (725)
Changes in operating assets and liabilities:    
Accounts receivable, net (2,598) 5,410
Inventories, net (2,601) (17,823)
Prepaid expenses and other current assets (797) 70
Other non-current assets 394 (1,004)
Accounts payable 387 7,985
Accrued expenses (2,044) (3,920)
Net operating lease liabilities 279 931
Income taxes (193) 16
Other liabilities (447) (1)
Net cash used in operating activities (2,487) (4,857)
Investing activities:    
Purchases of property and equipment, net (408) (3,747)
Proceeds from equipment under financed leases 2,312 0
Proceeds from sale of equipment 196 0
Cash paid for business (838) (828)
Net cash provided by (used in) investing activities 1,262 (4,575)
Financing activities:    
Proceeds from long-term debt 112,506 117,763
Repayment of long-term debt (112,557) (105,211)
Repayment of capital financing (1,684) (1,259)
Payment of contingent consideration (2,110) 0
Payment of deferred financing costs 0 (1,079)
Payment of withholding taxes on stock awards (1,133) (954)
Net cash (used in) provided by financing activities (4,978) 9,260
Net decrease in cash and cash equivalents (6,203) (172)
Cash and cash equivalents at beginning of period 16,458 605
Cash and cash equivalents at end of period 10,255 433
Supplemental cash flow information    
Finance lease assets exchanged for finance lease liabilities 3,976 3,037
Operating lease assets exchanged for operating lease liabilities $ 0 $ 531

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