Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 29, 2019
Dec. 30, 2018
Dec. 31, 2017
Operations:      
Net loss $ (5,995) $ (448) $ (7,845)
Items not involving cash:      
Depreciation of property, plant and equipment 6,548 3,791 3,588
Amortization of intangible assets 7,188 1,065
Unrealized gain on unsettled forward exchange contracts (353) (918)
Impairment of property, plant and equipment 1,601
Write down of property, plant and equipment 158
Deferred income taxes (160) (75) (79)
Amortization of deferred financing fees 1,592 194 27
Stock-based compensation 775 407 432
Change in fair value of warrant liability (279) 111
Change in fair value of contingent consideration (3,050)
Gain on sale of property, plant and equipment (30) (60)
Change in non-cash operating working capital:      
Accounts receivable 3,067 (24,030) (6,469)
Unbilled contract assets (5,866) (7,949)
Inventories 5,377 (8,027) (1,689)
Prepaid expenses, derivative and other assets (1,018) (883) 311
Income taxes receivable/payable 305 (179) (142)
Accounts payable (2,612) 23,698 2,159
Accrued liabilities (1,875) 4,921 237
Restructuring liability 1,597
Net change in operating lease right of use asset and liability (50)
Net cash provided by (used in) in operating activities 5,702 (7,787) (8,847)
Financing:      
Net advances of revolving credit facility 9,681 12,829 9,460
Repayment of long-term debt (23,250) (8,000) (2,000)
Net advances of long-term debt 62,000
Principal payment of finance lease obligations (1,565) (487) (395)
Purchase treasury stock (75)
Proceeds from exercise of stock options 46 361
Proceeds from issuance of common stock (rights offering) 14,044 12,587
Deferred financing costs (940) (3,463) (51)
Net cash provided by (used in) financing activities (2,059) 75,827 7,014
Investing:      
Purchase of property, plant and equipment (3,876) (4,410) (1,471)
Acquisition of MC Assembly – net of cash acquired (67,600)
Proceeds from leasehold improvement 56
Proceeds from sale of property, plant and equipment 35 281
Net cash provided by (used in) investing activities (3,876) (71,975) (1,134)
(Decrease)in cash (233) (3,935) (2,967)
Cash, beginning of year 1,601 5,536 8,503
Cash, end of the year 1,368 1,601 5,536
Supplemental Information:      
Cash interest paid 7,648 2,294 834
Cash taxes paid 771 1,000 786
Cash tax refund 159
Property, plant and equipment acquired through finance lease 135 882
Property, plant and equipment acquired that was unpaid in cash and included in accounts payable and accrued liabilities $ 229 $ 384 $ 23