v3.20.1
Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2020
Mar. 31, 2019
Operations:    
Net income $ 775 $ 1,211
Items not involving cash:    
Depreciation of property, plant and equipment 1,603 1,627
Amortization of intangible assets 1,518 1,844
Unrealized foreign exchange loss on unsettled forward exchange contracts 512
Deferred income taxes (recovery) 15 (8)
Amortization of deferred financing fees 294 271
Stock-based compensation 162 88
Change in fair value of warrant liability (note 4) (517) (101)
Change in fair value of contingent consideration (3,050)
Change in non-cash operating working capital:    
Accounts receivable (694) (1,194)
Unbilled contract assets (2,508) (3,803)
Inventories 4,505 4,543
Prepaid expenses and other assets 651 (1,067)
Income taxes receivable/payable (41) 29
Accounts payable (6,196) 1,970
Accrued liabilities 3,475 242
Restructuring liability (644) 244
Net change in operating lease right of use asset and liability 11
Net cash provided by (used in) in operating activities 2,921 2,846
Financing:    
Repayments of revolving credit facility (1,361) (1,384)
Repayment of long-term debt (312) (313)
Principal repayments of finance lease obligations (362) (417)
Net cash provided by (used in) financing activities (2,035) (2,114)
Investing:    
Purchase of property, plant and equipment (900) (737)
Net cash provided by (used in) investing activities (900) (737)
Decrease in cash (14) (5)
Cash, beginning of period 1,368 1,601
Cash, end of the period 1,354 1,596
Supplemental Information    
Cash interest paid 2,576 2,599
Increase in operating right of use assets 3,634 5,452
Property, plant and equipment acquired that was unpaid in cash and included in accounts payable and accrued liabilities $ 35 $ 330

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