v3.19.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Cash Flows From Operating Activities:    
Net Income $ 78,146 $ 3,294
Adjustments to Reconcile Net Income to Cash Provided By Operating Activities:    
Depreciation and Amortization 8,076 9,841
Provisions for Non-Cash Losses on Inventory and Receivables 2,498 564
Equity-based Compensation Expense 1,193 931
Deferred Tax Benefit (3,398) (1,128)
Gain on Sale of Business, Before Taxes (80,133) 0
Other 252 (467)
Cash Flows from Changes in Operating Assets and Liabilities:    
Accounts Receivable (6,414) (20,868)
Inventories (5,943) (18,204)
Accounts Payable (2,032) 19,418
Accrued Expenses (9,283) (3,194)
Other Current Assets and Liabilities (2,860) (3,474)
Customer Advanced Payments and Deferred Revenue 4,055 10,482
Income Taxes 26,824 1,303
Supplemental Retirement and Other Liabilities 373 448
Cash Provided By (Used For) Operating Activities 11,354 (1,054)
Cash Flows From Investing Activities:    
Proceeds on Sale of Business 103,793 0
Capital Expenditures (3,474) (4,346)
Cash Provided By (Used For) Investing Activities 100,319 (4,346)
Cash Flows From Financing Activities:    
Proceeds from Long-term Debt 10,000 15,000
Payments for Long-term Debt (122,026) (10,705)
Debt Acquisition Costs 0 (516)
Proceeds from Exercise of Stock Options 159 160
Other Financing Activities (395) 0
Cash (Used For) Provided By Financing Activities (112,262) 3,939
Effect of Exchange Rates on Cash (67) (66)
Decrease in Cash and Cash Equivalents (656) (1,527)
Cash and Cash Equivalents at Beginning of Period 16,622 17,914
Cash and Cash Equivalents at End of Period $ 15,966 $ 16,387

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