XML 20 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jul. 03, 2020
Jun. 28, 2019
Cash flows from operating activities:    
Net income (loss) $ (1,306) $ 5,281
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation of property, plant, and equipment 1,518 1,983
Amortization of intangibles 17 17
Deferred income taxes (1,369) 393
Change in net pension liability 376 203
Loss on disposal of property and equipment 3  
Stock-based compensation expense 5,839 5,220
Provision for sales returns and bad debts 605 (32)
Inventory provision 816 787
Changes in working capital:    
Accounts receivable (8,409) (6,533)
Inventories (932) 106
Prepayments, deposits, and other current assets (2,172) (1,154)
Accounts payable 297 563
Other current liabilities (3,471) (2,626)
Net cash provided by (used in) operating activities (8,188) 4,208
Cash flows from investing activities:    
Acquisition of property and equipment (4,210) (4,601)
Acquisition of patents and licenses   (30)
Net cash used in investing activities (4,210) (4,631)
Cash flows from financing activities:    
Repayment of finance lease obligations (346) (681)
Repayment on line of credit (508) (999)
Proceeds from the exercise of stock options 9,557 1,110
Proceeds from vested restricted stock 1 2
Net cash provided by (used in) financing activities 8,704 (568)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 41 243
Decrease in cash, cash equivalents and restricted cash (3,653) (748)
Cash, cash equivalents and restricted cash, at beginning of the period 119,968 103,999
Cash, cash equivalents and restricted cash, at end of the period $ 116,315 $ 103,251