Quarterly report pursuant to Section 13 or 15(d)

Interim Consolidated Statements of Cash Flows (Unaudited)

v3.3.0.814
Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 27, 2015
Sep. 28, 2014
Operations:    
Net loss $ (798) $ (1,450) [1]
Items not involving cash:    
Depreciation 2,976 2,960
Unrealized (gain) loss on derivative financial instrument (note 10) 334 (171)
Loss on sale of property, plant and equipment 2 23
Deferred income taxes (86) 32
Amortization of deferred financing fees 24 377
Stock-based compensation 344 168
Change in non-cash operating working capital:    
Accounts receivable 3,107 2,477
Inventories 1,124 (465)
Prepaid expenses 301 567
Income taxes receivable/payable (27) (343)
Accounts payable (4) (487) (3,065) [2]
Accrued liabilities (4) (106) (32) [2]
6,708 1,078
Financing:    
Advances (net repayment) in revolving debt (4,720) 1,525
Principal payment of capital lease obligations (862) (1,574)
Payment of financing fees (10) (200)
(5,592) (249)
Investing:    
Purchase of property, plant and equipment (1,697) (1,314)
Proceeds from sale of property, plant and equipment 6 30
(1,691) (1,284) [2]
Decrease in cash (575) (455)
Cash, beginning of period 5,447 3,295
Cash, end of the period 4,872 2,840
Supplemental Information    
Property, plant and equipment acquired that was included in accounts payable and accrued liabilities $ 359 315
Property, plant and equipment acquired through capital lease $ 1,703
[1] Revised net loss and deficit to adjust for prior period errors. Refer to Note 2 for further details.
[2] The net change of $133 related to purchases of property, plant and equipment that were unpaid in cash as at September 28, 2014 and therefore reflect decreases to accounts payable and accrued liabilities, respectively and a corresponding reduction in cash used by investing.