XML 17 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 8 Months Ended
Jul. 07, 2023
Jul. 08, 2022
Cash flows from operating activities:    
Net income $ 1,765 $ 42,410
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 4,378 4,588
Provision for losses on accounts receivable 65 100
(Decrease) increase in promotional allowances (137) 207
Loss (gain) on sale of property, plant, and equipment 197 (57,663)
Changes in operating assets and liabilities:    
Accounts receivable, net 4,524 (7,012)
Inventories, net (3,181) (5,251)
Prepaid expenses and other current assets (1,340) 1,407
Refundable income taxes (283) 632
Other non-current assets (675) 2,001
Accounts payable (3,210) (378)
Accrued payroll, advertising, and other expenses (1,040) 23
Other current liabilities (1,046) (2,181)
Income taxes payable 17,218
Other non-current liabilities 78 (1,089)
Net cash provided by (used in) operating activities 95 (4,988)
Cash flows from investing activities:    
Proceeds from sale of property, plant, and equipment 186 60,034
Additions to property, plant, and equipment (2,387) (3,112)
Net cash (used in) provided by investing activities (2,201) 56,922
Cash flows from financing activities:    
Payment of lease and right-of-use obligations (719) (288)
Proceeds from borrowings under revolving credit facilities 6,000
Repayment of borrowings under revolving credit facilities (18,000)
Repayments of bank borrowings (743) (19,912)
Net cash used in financing activities (1,462) (32,200)
Net (decrease) increase in cash and cash equivalents and restricted cash (3,568) 19,734
Cash and cash equivalents and restricted cash at beginning of period 16,333 375
Cash and cash equivalents at end of period 12,765 20,109
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 1,108 73
Cash paid for interest $ 316 $ 876