Quarterly report pursuant to Section 13 or 15(d)

Interim Consolidated Statements of Cash Flows (Unaudited)

v2.4.1.9
Interim Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 29, 2015
Mar. 30, 2014
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
[1] Revised net loss and deficit to adjust for prior period errors. Refer to Note 2 for further details.
[2] The net change of $11 related to purchases of property, plant and equipment that were paid in cash as at March 30, 2014. This was the result of additions from 2013 of $143 unpaid in cash as at December 29, 2013 paid in the first three months of 2014 offset by the additions for the first three months of 2014 unpaid in cash of $132.