Interim Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | ||||||
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Mar. 29, 2015
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Mar. 30, 2014
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Operations: | |||||||
Net loss | $ (424)us-gaap_NetIncomeLoss | $ (779)us-gaap_NetIncomeLoss | [1] | ||||
Depreciation | 1,026us-gaap_Depreciation | 953us-gaap_Depreciation | |||||
Unrealized loss (gain) on derivative financial instruments | 318us-gaap_GainLossOnDerivativeInstrumentsNetPretax | (243)us-gaap_GainLossOnDerivativeInstrumentsNetPretax | |||||
Deferred income taxes | (95)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes | 3us-gaap_IncreaseDecreaseInDeferredIncomeTaxes | |||||
Amortization of deferred financing fees | 8us-gaap_AmortizationOfFinancingCosts | 104us-gaap_AmortizationOfFinancingCosts | |||||
Stock-based compensation | 90us-gaap_EmployeeBenefitsAndShareBasedCompensation | 45us-gaap_EmployeeBenefitsAndShareBasedCompensation | |||||
Change in non-cash operating working capital: | |||||||
Accounts receivable | 4,964us-gaap_IncreaseDecreaseInAccountsReceivable | 2,190us-gaap_IncreaseDecreaseInAccountsReceivable | |||||
Inventories | (3,216)us-gaap_IncreaseDecreaseInInventories | (92)us-gaap_IncreaseDecreaseInInventories | |||||
Prepaid expenses and others assets | 48us-gaap_IncreaseDecreaseInPrepaidExpense | 266us-gaap_IncreaseDecreaseInPrepaidExpense | |||||
Income taxes receivable/payable | (16)us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable | (173)us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable | |||||
Accounts payable | (1,286)us-gaap_IncreaseDecreaseInAccountsPayable | 554us-gaap_IncreaseDecreaseInAccountsPayable | [2] | ||||
Accrued liabilities | 355us-gaap_IncreaseDecreaseInAccruedLiabilities | (1,392)us-gaap_IncreaseDecreaseInAccruedLiabilities | [2] | ||||
1,772us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 1,436us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | ||||||
Financing: | |||||||
Net repayment of revolving credit facility | (1,239)us-gaap_RepaymentsOfLongTermDebt | (369)us-gaap_RepaymentsOfLongTermDebt | |||||
Principal payment of capital lease obligations | (357)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations | (367)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations | |||||
(1,596)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (736)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | ||||||
Investing: | |||||||
Purchase of property, plant and equipment | (451)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (263)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | |||||
(451)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (263)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | [2] | |||||
(Decrease) increase in cash | (275)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 437us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | |||||
Cash, beginning of period | 5,447us-gaap_CashAndCashEquivalentsAtCarryingValue | 3,295us-gaap_CashAndCashEquivalentsAtCarryingValue | |||||
Cash, end of the period | 5,172us-gaap_CashAndCashEquivalentsAtCarryingValue | 3,732us-gaap_CashAndCashEquivalentsAtCarryingValue | |||||
Supplemental Information | |||||||
Property, plant and equipment acquired that was included in accounts payable and accrued liabilities | $ 140us-gaap_CapitalExpendituresIncurredButNotYetPaid | $ 132us-gaap_CapitalExpendituresIncurredButNotYetPaid | |||||
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- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Future cash outflow to pay for purchases of fixed assets that have occurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Costs and payments related to employee benefits and equity-based compensation, such as pension expense and contributions, other postretirement benefits expense and payments, stock or unit options expense, and amortization of restricted stock or unit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to taxing authorities for taxes that are based on the reporting entity's earnings, net of amounts receivable from taxing authorities for refunds of overpayments or recoveries of income taxes. No definition available.
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for the obligation for a lease meeting the criteria for capitalization (with maturities exceeding one year or beyond the operating cycle of the entity, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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