CONSOlIDATED STATEmENTS OF CASH FlOWS  Fifty-two weeks ended (In thousands of Canadian dollars)  December 31, 2011 January 1, 2011 Cash provided by (used in) operations:  Net income from continuing operations for the period  $  18,180 $  19,985 Charges (credits) to income not involving cash from operations: Depreciation and amortization  9,734 8,505  Loss on disposal of assets  271  114  Income tax expense 9,332  12,639  Interest expense  5,983 5,165  Share-based payment expense  651  3,095  Payments of employee future benefits different than expense  (131) 309  Share of income of equity accounted investee  53  (18) Movement of provisions  370  1,642  Unwound foreign exchange gains reclassed from Accumulated Other Comprehensive Income  – (165) Unrealized foreign exchange loss  195  (130) Cash flow from operations before changes in non-cash working capital  44,638  51,141  Net change in non-cash working capital balances  (25,142) 8,063  19,496  59,204  Interest paid  (5,194) (4,717) Income taxes paid  (10,730) (4,131) 3,572  50,356  Cash provided by (used in) financing activities: Increase in current working capital facilities  78,286  20,674  Proceeds from lease financing  – 668  Proceeds from long-term debt  258,125  – Repayment of long-term debt  (49,649) (4,511) Repayment of finance lease obligations  (893) (806) Common share dividends paid  (5,184) (4,379) Non-voting common share dividends paid  (707) (859) Deferred financing costs  (15,077) – Advances to affiliates  – (5) Share-based payments exercised  243  32  Share retraction costs  – (150) Repurchase of capital stock (1,221) (25,480) 263,923  (14,816) Cash provided by (used in) investing activities: Purchase of property, plant and equipment (net of investment tax credits)  (6,952) (4,339) Net proceeds on disposal of assets  143  34  Acquisition of business (net of cash acquired)  (257,778) (30,952) Change other receivables and miscellaneous assets  (382) (1,462) (264,969) (36,719) Foreign exchange decrease on cash and cash equivalents  136  (176) Change in cash and cash equivalents during the period 2,662  (1,355) Cash and cash equivalents, beginning of period  598  1,953  Cash and cash equivalents, end of period $  3,260  $  598  See accompanying notes  55 AnnuAl RepoRt 2011