XML 46 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 04, 2015
Jun. 28, 2014
Cash flows from operating activities:    
Net income $ 6,194 $ 722
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 8,233 8,977
Stock-based compensation 970 1,187
Deferred taxes (2) (1,075)
Impairment of store assets 258 433
Provision for doubtful accounts 14 740
Trade credit utilization 139 119
Loss on disposal of property and equipment 73 43
Change in assets and liabilities:    
Inventories 1,681 7,081
Receivables 3,788 4,613
Prepaid expenses and other assets 1,172 1,332
Accounts payable and accrued expenses (24,458) (12,649)
Lease related liabilities (1,653) (5,325)
Gift cards and customer deposits (3,891) (6,340)
Deferred revenue (142) (310)
Net cash used in operating activities (7,624) (452)
Cash flows from investing activities:    
Purchases of property and equipment (5,842) (3,149)
Purchases of other assets and other intangible assets (238) (22)
Cash used in investing activities (6,080) (3,171)
Cash flows from financing activities:    
Proceeds from the exercise of employee stock options, net of withholding tax payments (633) 1,172
Purchases of Company's common stock (9,164) (723)
Cash (used in) provided by financing activities (9,797) 449
Effect of exchange rates on cash (75) 271
Net (decrease) increase in cash and cash equivalents (23,576) (2,903)
Cash and cash equivalents, beginning of period 65,389 44,665
Cash and cash equivalents, end of period $ 41,813 $ 41,762