XML 16 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2016
Apr. 04, 2015
Cash flows from operating activities:    
Net income $ 3,518 $ 6,822
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 3,811 4,218
Stock-based compensation 671 450
Loss on disposal of property and equipment 111 3
Store asset impairment 50 165
Deferred taxes $ 4 14
Trade credit utilization 72
Provision for doubtful accounts 14
Change in assets and liabilities:    
Inventories $ 146 405
Receivables 2,748 3,116
Prepaid expenses and other assets (562) 1,456
Accounts payable and accrued expenses (14,691) (18,049)
Lease related liabilities 1,023 (675)
Gift cards and customer deposits (3,654) (1,824)
Deferred revenue (180) 48
Net cash used in operating activities (7,005) (3,765)
Cash flows from investing activities:    
Purchases of property and equipment, net $ (6,185) (2,846)
Purchases of other assets and other intangible assets $ (32)
Proceeds from maturity of short-term investments $ 1,461
Net cash used in investing activities (4,724) $ (2,878)
Cash flows from financing activities:    
Purchases of Company's common stock (1,469) (2,998)
Proceeds from the exercise of employee stock options, net of withholding tax payments (410) (458)
Net cash used in financing activities (1,879) (3,456)
Effect of exchange rates on cash (810) (611)
Net decrease in cash and cash equivalents (14,418) (10,710)
Cash and cash equivalents, beginning of period 45,196 65,389
Cash and cash equivalents, end of period $ 30,778 $ 54,679