XML 40 R5.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Oct. 03, 2015
Oct. 04, 2014
Cash flows from operating activities:    
Net income (loss) $ (5,514) $ (6,231)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation and amortization 7,155 7,176
Amortization of debt discount and issuance costs 2,249 2,483
Gains from sales of property 0 (5,251)
Intraperiod income tax allocation related to pension plan (3,041) (224)
Pension expense 602 675
Share-based compensation expense 1,533 3,316
Other (53) 2,727
Changes in operating assets and liabilities:    
Receivables, net (42,807) (55,548)
Inventories, net (12,489) (41,340)
Accounts payable 34,249 45,042
Restructuring liability (603) (2,323)
Restricted cash related to insurance and other (320) (667)
Prepaid assets 506 (3,183)
Quarterly pension contributions (4,229) (3,080)
Accrued compensation and other assets and liabilities (5,491) 3,000
Net cash used in operating activities (28,253) (53,428)
Cash flows from investing activities:    
Property, plant, and equipment investments (1,482) (1,816)
Proceeds from sale of assets 621 7,240
Net cash provided by (used in) investing activities (861) 5,424
Cash flows from financing activities:    
Repayments on revolving credit facilities (293,169) (337,547)
Borrowings from revolving credit facilities 346,028 403,819
Principal payments on mortgage (8,903) (8,827)
Payments on capital lease obligations (2,926) (1,732)
Increase (decrease) in bank overdrafts (9,159) 195
Decrease (increase) in restricted cash related to the mortgage 117 (4,044)
Other (492) (1,055)
Net cash provided by financing activities 31,496 50,809
Increase in cash 2,382 2,805
Cash balance, beginning of period 4,522 5,034
Cash balance, end of period $ 6,904 $ 7,839