Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands |
6 Months Ended |
Apr. 17, 2020 |
Apr. 19, 2019 |
| Cash flows from operating activities: |
|
|
| Net income |
$ 2,286
|
$ 4,096
|
| Adjustments to reconcile net income to net cash used in operating activities: |
|
|
| Depreciation |
2,275
|
1,945
|
| Provision for losses on accounts receivable |
121
|
49
|
| Increase (reduction) in promotional allowances |
171
|
(316)
|
| Gain on sale of property, plant and equipment |
(17)
|
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
(4,262)
|
(873)
|
| Inventories |
3,007
|
(1,179)
|
| Prepaid expenses and other current assets |
(3,378)
|
(2)
|
| Other non-current assets |
2,515
|
(428)
|
| Accounts payable |
(1,166)
|
(2,187)
|
| Accrued payroll, advertising and other expenses |
(1,033)
|
(532)
|
| Income taxes payable |
|
868
|
| Non-current liabilities |
(1,252)
|
(1,972)
|
| Net cash used in operating activities |
(733)
|
(531)
|
| Cash used in investing activities: |
|
|
| Proceeds from sale of property, plant and equipment |
17
|
|
| Additions to property, plant and equipment |
(10,985)
|
(14,118)
|
| Net cash used in investing activities |
(10,968)
|
(14,118)
|
| Cash provided by (used in) financing activities: |
|
|
| Payment of lease obligations |
(26)
|
|
| Proceeds from bank borrowings |
22,950
|
9,500
|
| Repayments of bank borrowings |
(998)
|
(232)
|
| Net cash provided by financing activities |
21,926
|
9,268
|
| Net increase (decrease) in cash and cash equivalents |
10,225
|
(5,381)
|
| Cash and cash equivalents at beginning of period |
3,478
|
8,179
|
| Cash and cash equivalents at end of period |
13,703
|
2,798
|
| Supplemental disclosure of cash flow information: |
|
|
| Cash paid for income taxes |
220
|
551
|
| Cash paid for interest |
$ 281
|
$ 77
|