Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements Of Cash Flows

v2.4.0.6
Unaudited Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Jan. 01, 2012
Dec. 26, 2010
Operating activities:    
Net income $ 3,145 $ 2,715
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 197 192
Amortization of intangibles 839 907
Deferred income taxes 263 78
Gain on sale of property, plant and equipment (5) (2)
Accretion of interest expense to original issue discount 48 148
Stock-based compensation 415 605
Tax shortfall from stock-based compensation (27) (14)
Changes in assets and liabilities:    
Accounts receivable 2,225 1,554
Inventories (1,980) (8,627)
Prepaid expenses (395) (463)
Other assets 43 (21)
Accounts payable 3,320 2,819
Accrued liabilities (438) 325
Net cash provided by operating activities 7,650 216
Investing activities:    
Capital expenditures (290) (107)
Maturity of temporary investment - restricted   505
Proceeds from disposition of assets 5 2
Payment to acquire the Bibsters product line   (2,072)
Net cash used in investing activities (285) (1,672)
Financing activities:    
Payments on long-term debt (2,000) (2,000)
(Repayments) borrowings under revolving line of credit, net (4,336) 4,245
Purchase of treasury stock (738) (758)
Issuance of common stock 631 341
Excess tax benefit from stock-based compensation 18 151
Dividends paid (866) (562)
Net cash (used in) provided by financing activities (7,291) 1,417
Net increase (decrease) in cash and cash equivalents 74 (39)
Cash and cash equivalents at beginning of period 205 75
Cash and cash equivalents at end of period 279 36
Supplemental cash flow information:    
Income taxes paid 1,901 2,507
Interest paid, net of interest received 144 171
Noncash financing activity:    
Dividends declared but unpaid $ (386) $ (192)