Quarterly report pursuant to Section 13 or 15(d)

Interim Consolidated Statements of Cash Flows (Unaudited)

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Interim Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 29, 2014
Jun. 30, 2013
Jun. 29, 2014
Jun. 30, 2013
Operations:        
Net earnings (loss) $ 33 $ (6,002) $ (1,072) $ (4,836)
Depreciation 979 1,008 2,107 1,917
Unrealized (gain) loss on derivative financial instrument (note 11) (797) 2,123 (889) 1,104
Gain on sale of property, plant and equipment   (101)   (101)
Deferred income taxes (5) 17 (2) (16)
Non-cash interest (note 3) 136 94 240 185
Stock-based compensation (note 5) 60 81 105 181
Contingent consideration (note 12)   250   250
Change in non-cash operating working capital:        
Accounts receivable (1,877) 7,668 313 3,971
Inventories (2,328) 9,676 (2,420) 5,688
Prepaid expenses (46) 711 220 690
Income taxes receivable/payable (178) (140) (351) 19
Accounts payable 1,890 (5,950) 2,369 (12,234)
Accrued liabilities 1,060 131 (268) 732
(1,073) 9,566 352 (2,450)
Financing:        
Increase (decrease) in revolving debt 1,897 (7,709) 1,528 7,246
Repayment of term facility   (1,158)   (2,315)
Principal payment of capital lease obligations (647) (503) (1,014) (1,144)
Payment of contingent consideration   (273)   (564)
Proceeds from sales leaseback       988
Proceeds from issuance of common stock   11   11
Deferred financing fees (100) (50) (100) (50)
1,150 (9,682) 414 4,172
Investing:        
Purchase of property, plant and equipment (590) (685) (842) (1,342)
Proceeds from sale of property, plant and equipment 10 406 10 406
(580) (279) (832) (936)
Increase (decrease) in cash (503) (395) (66) 786
Cash, beginning of period 3,732 3,384 3,295 2,203
Cash, end of the period 3,229 2,989 3,229 2,989
Supplemental Information        
Cash interest paid 346 357 661 665
Cash taxes paid – net 470 526 756 729
Property, plant and equipment acquired through capital lease $ 1,703   $ 1,703 $ 1,338