|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2013
|
Jan. 01, 2013
|
Jan. 03, 2012
|
| Cash provided by (used in) operating activities: |
|
|
|
| Net income (loss) |
$ 2,080 |
$ 302 |
$ (8,298) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |
|
|
|
| Depreciation and amortization |
10,974 |
11,062 |
12,463 |
| Impairment of long-lived assets |
728 |
711 |
1,291 |
| Lease termination, store closure costs and gain on disposals |
(3,308) |
820 |
1,501 |
| Gain from sale of investment in joint venture |
0 |
(545) |
0 |
| Contingent consideration fair value measurement |
(651) |
(57) |
0 |
| Jambacard breakage income |
(3,177) |
(4,275) |
(3,685) |
| Share-based compensation |
2,550 |
2,091 |
1,256 |
| Bad debt, purchase obligation reserves and trade credits |
645 |
600 |
164 |
| Deferred rent |
(1,186) |
(1,138) |
(457) |
| Deferred income taxes |
0 |
0 |
40 |
| Equity income from joint ventures |
0 |
(70) |
(51) |
| Changes in operating assets and liabilities: |
|
|
|
| Receivables |
(2,998) |
1,637 |
(6,716) |
| Inventories |
(157) |
(1,348) |
149 |
| Prepaid and refundable taxes |
172 |
(319) |
(35) |
| Prepaid rent |
2,773 |
(81) |
(2,253) |
| Prepaid expenses and other current assets |
(2,842) |
(172) |
95 |
| Other long-term assets |
243 |
(215) |
1,937 |
| Restricted cash from operating activities |
205 |
1,147 |
473 |
| Accounts payable |
(2,809) |
3,115 |
(2,494) |
| Accrued compensation and benefits |
(2,028) |
1,000 |
1,005 |
| Workers’ compensation and health insurance reserves |
(41) |
(5) |
(214) |
| Accrued jambacard liability |
6,664 |
4,653 |
7,185 |
| Other current liabilities |
2,387 |
(517) |
(2,793) |
| Other long-term liabilities |
246 |
(828) |
(1,643) |
| Cash provided by (used in) operating activities |
10,470 |
17,568 |
(1,080) |
| Cash used in investing activities: |
|
|
|
| Capital expenditures |
(14,711) |
(5,249) |
(10,744) |
| Business acquisition |
0 |
(390) |
0 |
| Purchase of investment |
(300) |
0 |
0 |
| Proceeds from the sale of stores |
4,777 |
4 |
3,734 |
| Proceeds from sale of investment in joint venture |
0 |
1,032 |
0 |
| Capital distributions from investment, net |
0 |
105 |
0 |
| Cash used in investing activities |
(10,234) |
(4,498) |
(7,010) |
| Cash provided by (used in) financing activities: |
|
|
|
| Proceeds pursuant to stock plans |
822 |
98 |
314 |
| Redeemable preferred stock dividends paid |
(158) |
(1,289) |
(1,621) |
| Payment on capital lease obligations |
0 |
0 |
(20) |
| Cash provided by (used) in financing activities |
664 |
(1,191) |
(1,327) |
| Net increase (decrease) in cash and cash equivalents |
900 |
11,879 |
(9,417) |
| Cash and cash equivalents at beginning of period |
31,486 |
19,607 |
29,024 |
| Cash and cash equivalents at end of period |
32,386 |
31,486 |
19,607 |
| Supplemental cash flow information: |
|
|
|
| Cash paid for interest |
51 |
168 |
237 |
| Income taxes paid |
187 |
277 |
36 |
| Noncash investing and financing activities: |
|
|
|
| Noncash property, fixtures and equipment additions |
311 |
937 |
202 |
| Accretion of redeemable preferred stock |
466 |
1,018 |
672 |
| Accrued redeemable preferred stock dividends |
0 |
36 |
38 |
| Conversion of redeemable preferred stock |
$ 8,382 |
$ 10,982 |
$ 3,346 |