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, unless otherwise specified
 12 Months Ended
Jan. 01, 2012
Jan. 02, 2011
Jan. 03, 2010
Operations:      
Net income (loss) $ 1,150 $ 12,350 $ (3,595)
Items not involving cash:      
Depreciation 2,794 2,549 2,877
Gain on disposition of property, plant and equipment     (224)
Unrealized loss on derivative instrument 43    
Deferred income taxes 222 (3,033) 189
Non-cash interest 285 247 310
Stock-based compensation 250 962 582
Loss on extinguishment of debt 300    
Gain on acquisition of business (22)    
Change in non-cash operating working capital:      
Accounts receivable 1,349 2,397 (9,040)
Inventories (3,248) (5,387) (203)
Prepaid expenses 738 26 (919)
Income taxes payable (466) 160 36
Accounts payable 388 1,332 4,380
Accrued liabilities (1,750) 2,404 (706)
2,033 14,007 (6,313)
Financing:      
Increase (decrease) in revolving debt 8,204 (14,538) 9,736
Repayment of long-term debt (2,470) (350) (2,738)
Principal payment of capital lease obligations (1,416) (881) (1,356)
Proceeds from issuance of common stock 317 1,980  
Proceeds from sale and leaseback   435  
Debt issuance and deferred financing costs (1,021) (100) (151)
3,614 (13,454) 5,491
Investment:      
Purchase of property, plant and equipment (912) (1,209) (1,042)
Acquisition of business, net of cash acquired (3,033)    
Proceeds from sale of property, plant and equipment     830
(3,945) (1,209) (212)
Increase (decrease) in cash 1,702 (656) (1,034)
Cash, beginning of year 933 1,589 2,623
Cash, end of the year 2,635 933 1,589
Cash, beginning of year $ 2,635 $ 933 $ 1,589