v3.20.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Cash Flows From Operating Activities:    
Net (Loss) Income $ (66,963) $ 78,146
Adjustments to Reconcile Net (Loss) Income to Cash Flows from Operating Activities, Excluding the Effects of Divestitures:    
Depreciation and Amortization 7,971 8,076
Provisions for Non-Cash Losses on Inventory and Receivables 872 2,498
Equity-based Compensation Expense 1,703 1,193
Deferred Tax Expense (Benefit) 2,050 (3,398)
Operating Lease Amortization Expense 1,210 988
Gain on Sale of Business, Before Taxes 0 (80,133)
Impairment Loss 74,408 0
Other 968 (736)
Cash Flows from Changes in Operating Assets and Liabilities, Excluding the Effects of Divestitures:    
Accounts Receivable 13,644 (6,414)
Inventories (7,224) (5,943)
Accounts Payable 6,295 (2,032)
Accrued Expenses (5,730) (9,283)
Other Current Assets and Liabilities (557) (2,860)
Customer Advanced Payments and Deferred Revenue (490) 4,055
Income Taxes (3,591) 26,824
Operating Lease Liabilities (1,217) (1,005)
Supplemental Retirement and Other Liabilities (99) 1,378
Cash Flows from Operating Activities 23,250 11,354
Cash Flows from Investing Activities:    
Proceeds on Sale of Business 0 103,793
Capital Expenditures (2,793) (3,474)
Cash Flows from Investing Activities (2,793) 100,319
Cash Flows from Financing Activities:    
Proceeds from Long-term Debt 150,000 10,000
Payments for Long-term Debt (5,000) (122,026)
Purchase of Outstanding Shares for Treasury (7,732) 0
Stock Options Activity 33 159
Finance Lease Principal Payments (461) (395)
Cash Flows from Financing Activities 136,840 (112,262)
Effect of Exchange Rates on Cash (839) (67)
Increase (Decrease) in Cash and Cash Equivalents 156,458 (656)
Cash and Cash Equivalents at Beginning of Period 31,906 16,622
Cash and Cash Equivalents at End of Period $ 188,364 $ 15,966

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