v3.19.2
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Cash Flows From Operating Activities:    
Net Income $ 84,872 $ 17,319
Adjustments to Reconcile Net Income to Cash Provided By Operating Activities:    
Depreciation and Amortization 15,980 18,584
Provisions for Non-Cash Losses on Inventory and Receivables 4,429 1,819
Equity-based Compensation Expense 2,145 1,637
Deferred Tax Benefit (3,371) (516)
Gain on Sale of Business, Before Taxes (80,133) 0
Other 263 (431)
Cash Flows from Changes in Operating Assets and Liabilities:    
Accounts Receivable 5,266 (33,347)
Inventories (11,276) (19,761)
Accounts Payable (7,685) 7,981
Accrued Expenses (9,141) 53
Other Current Assets and Liabilities (975) (404)
Customer Advanced Payments and Deferred Revenue (1,234) 14,469
Income Taxes 9,181 (189)
Supplemental Retirement and Other Liabilities 735 896
Cash Provided By Operating Activities 9,056 8,110
Cash Flows From Investing Activities:    
Proceeds on Sale of Business 103,793 0
Capital Expenditures (6,917) (8,495)
Cash Provided By (Used For) Investing Activities 96,876 (8,495)
Cash Flows From Financing Activities:    
Proceeds from Long-term Debt 27,000 30,015
Payments for Long-term Debt (132,053) (36,416)
Debt Acquisition Costs 0 (516)
Proceeds from Exercise of Stock Options 416 281
Other Financing Activities (834) 0
Cash Used For Financing Activities (105,471) (6,636)
Effect of Exchange Rates on Cash 23 (285)
Increase (Decrease) in Cash and Cash Equivalents 484 (7,306)
Cash and Cash Equivalents at Beginning of Period 16,622 17,914
Cash and Cash Equivalents at End of Period $ 17,106 $ 10,608

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