Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Cash Flows

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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jul. 04, 2015
Jun. 28, 2014
Cash Flows From Operating Activities:    
Net Income $ 28,373 $ 20,651
Adjustments to Reconcile Net Income to Cash Provided By Operating Activities:    
Depreciation and Amortization 12,545 10,309
Provisions for Non-Cash Losses on Inventory and Receivables 957 510
Stock Compensation Expense 1,143 866
Deferred Tax Benefit (576) (2,765)
Non-Cash Earnout Liability Adjustment (1,268) (83)
Other 158 (565)
Cash Flows from Changes in Operating Assets and Liabilities:    
Accounts Receivable (3,797) (33,723)
Inventories (16,786) 17,736
Accounts Payable 9,192 3,702
Accrued Expenses (857) 760
Other Current Assets and Liabilities (352) (1,319)
Customer Advanced Payments and Deferred Revenue (13,287) 3,852
Income Taxes 4,610 2,684
Supplemental Retirement and Other Liabilities 820 615
Cash Provided By Operating Activities 20,875 23,230
Cash Flows From Investing Activities:    
Acquisition of Business, Net of Cash Acquired (52,615) (67,851)
Capital Expenditures (12,277) (23,091)
Other Investing Activities (2,678) 0
Cash Used For Investing Activities (67,570) (90,942)
Cash Flows From Financing Activities:    
Proceeds from Long-term Debt 55,000 58,150
Payments for Long-term Debt (6,331) (25,883)
Debt Acquisition Costs 0 (280)
Acquisition Earnout Payments (2) (42)
Proceeds from Exercise of Stock Options 638 804
Income Tax Benefit from Exercise of Stock Options 708 1,261
Cash Provided By Financing Activities 50,013 34,010
Effect of Exchange Rates on Cash (748) (108)
Increase (Decrease) in Cash and Cash Equivalents 2,570 (33,810)
Cash and Cash Equivalents at Beginning of Period 21,197 54,635
Cash and Cash Equivalents at End of Period $ 23,767 $ 20,825