Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Cash Flows

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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash Flows from Operating Activities:    
Net Loss $ (3,178) $ (4,415)
Adjustments to Reconcile Net Loss to Cash Flows from Operating Activities:    
Depreciation and Amortization 6,328 6,662
Amortization of Deferred Financing Fees 832 616
Provisions for Non-Cash Losses on Inventory and Receivables 767 627
Equity-based Compensation Expense 2,802 2,399
Operating Lease Non-Cash Expense 1,280 1,186
Non-Cash 401K Contribution and Quarterly Bonus Accrual 3,454 1,208
Non-Cash Annual Stock Bonus Accrual 1,448 0
Net Gain on Sale of Business, Before Taxes 0 (3,427)
Non-Cash Deferred Liability Recovery 0 (5,824)
Other 968 (525)
Changes in Operating Assets and Liabilities Providing (Using) Cash:    
Accounts Receivable 1,427 (4,170)
Inventories (8,826) (13,860)
Accounts Payable 224 (3,488)
Accrued Expenses (1,717) 2,944
Customer Advance Payments and Deferred Revenue (1,685) 1,190
Income Taxes (1,722) 1,262
Operating Lease Liabilities (1,196) (1,447)
Supplemental Retirement Plan Liabilities (101) (100)
Other Assets and Liabilities 932 (19)
Net Cash from Operating Activities 2,037 (19,181)
Cash Flows from Investing Activities:    
Proceeds from Sale of Business and Assets 0 3,437
Capital Expenditures (1,598) (1,573)
Net Cash from Investing Activities (1,598) 1,864
Cash Flows from Financing Activities:    
Proceeds from Long-term Debt 1,356 126,122
Principal Payments on Long-term Debt (7,249) (111,986)
Stock Award Activity 1,713 (602)
Finance Lease Principal Payments (53) (11)
Debt Acquisition Costs (809) (4,347)
Net Cash from Financing Activities (5,042) 9,176
Effect of Exchange Rates on Cash (100) 80
Decrease in Cash and Cash Equivalents and Restricted Cash (4,703) (8,061)
Cash and Cash Equivalents and Restricted Cash at Beginning of Period 11,313 13,778
Cash and Cash Equivalents and Restricted Cash at End of Period $ 6,610 $ 5,717