Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands |
8 Months Ended |
Jul. 10, 2020 |
Jul. 12, 2019 |
| Cash flows from operating activities: |
|
|
| Net income |
$ 5,419
|
$ 5,201
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation |
3,178
|
2,785
|
| Provision for losses on accounts receivable |
18
|
35
|
| Increase (reduction) in promotional allowances |
75
|
(914)
|
| Gain on sale of property, plant and equipment |
(22)
|
(9)
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
(1,261)
|
(659)
|
| Inventories |
4,887
|
(630)
|
| Prepaid expenses and other current assets |
(8,300)
|
786
|
| Other non-current assets |
(498)
|
(714)
|
| Accounts payable |
(205)
|
112
|
| Accrued payroll, advertising and other expenses |
(1,131)
|
(517)
|
| Income taxes payable |
|
1,008
|
| Deferred taxes |
5,986
|
|
| Non-current liabilities |
(225)
|
(1,442)
|
| Net cash provided by operating activities |
7,921
|
5,042
|
| Cash flows from investing activities: |
|
|
| Proceeds from sale of property, plant and equipment |
37
|
9
|
| Proceeds from pending sale of assets in escrow |
900
|
|
| Additions to property, plant and equipment |
(15,257)
|
(19,791)
|
| Net cash used in investing activities |
(14,320)
|
(19,782)
|
| Cash flows from financing activities: |
|
|
| Payment of lease obligations |
(40)
|
|
| Proceeds from bank borrowings |
18,450
|
17,000
|
| Repayments of bank borrowings |
(1,914)
|
(2,622)
|
| Net cash provided by financing activities |
16,496
|
14,378
|
| Net increase (decrease) in cash and cash equivalents and restricted cash |
10,097
|
(362)
|
| Cash and cash equivalents and restricted cash at beginning of period |
3,478
|
8,179
|
| Cash and cash equivalents and restricted cash at end of period |
13,575
|
7,817
|
| Supplemental disclosure of cash flow information: |
|
|
| Cash paid for income taxes |
231
|
564
|
| Cash paid for interest |
$ 529
|
$ 183
|