Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jan. 01, 2017
Jan. 03, 2016
Dec. 28, 2014
Operations:      
Net loss for the year $ (232) $ (4) $ (3,878)
Items not involving cash:      
Depreciation 4,110 3,967 3,997
Unrealized (gain) loss on derivative instruments (note 7) (831) (616) 1,822
Deferred income taxes 126 76 1,085
Amortization of deferred financing fees 69 32 385
Stock-based compensation 423 510 264
Loss (gain) on sale of property, plant and equipment (5) 2 51
Change in non-cash operating working capital:      
Accounts receivable 7,261 1,139 (203)
Inventories 5,203 5,713 5,186
Prepaid expenses and other assets (470) 152 (503)
Income taxes receivable/payable 132 (49) (213)
Accounts payable (7,998) 1,439 (3,732)
Accrued liabilities (927) (1,483) 734
6,861 10,878 4,995
Financing:      
Net (Repayment) advances of revolving credit facility (7,990) (10,649) 1,148
Advances of long-term debt 5,000 5,000
Principal payment of capital lease obligations (611) (1,086) (1,858)
Proceeds from sale and leaseback 509
Debt issuance and deferred financing costs (71) (10) (200)
(3,163) (6,745) (910)
Investing:      
Restricted cash - guaranteed deposit 805 (805)
Purchase of property, plant and equipment (2,225) (2,682) (1,971)
Proceeds from sale of property, plant and equipment 126 6 38
(1,294) (3,481) (1,933)
Increase in cash 2,404 652 2,152
Cash, beginning of year 6,099 5,447 3,295
Cash, end of the year 8,503 6,099 5,447
Supplemental Information:      
Cash interest paid 761 1,065 1,192
Cash taxes paid 444 591 1,082
Cash taxes refunded 442
Property, plant and equipment acquired through capital lease 533 1,703
Property, plant and equipment acquired that was unpaid in cash and included in accounts payable and accrued liabilities $ 247 $ 247 $ 101