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. 01, 2017
Jul. 02, 2016
Cash Flows From Operating Activities:    
Net Income $ 19,272 $ 26,465
Adjustments to Reconcile Net Income to Cash Provided By Operating Activities:    
Depreciation and Amortization 12,587 13,146
Provisions for Non-Cash Losses on Inventory and Receivables 918 928
Stock Compensation Expense 1,456 1,256
Deferred Tax Benefit (536) (980)
Other (804) 320
Cash Flows from Changes in Operating Assets and Liabilities:    
Accounts Receivable (7,076) (10,860)
Inventories (10,453) (4,145)
Accounts Payable 3,349 (10)
Accrued Expenses (7,106) (3,643)
Other Current Assets and Liabilities (2,668) 32
Customer Advanced Payments and Deferred Revenue (4,143) (9,992)
Income Taxes (1,028) 10,107
Supplemental Retirement and Other Liabilities 758 695
Cash Provided By Operating Activities 4,526 23,319
Cash Flows From Investing Activities:    
Acquisition of Business, Net of Cash Acquired (10,223) 0
Capital Expenditures (5,750) (6,176)
Other Investing Activities 186 (850)
Cash Used For Investing Activities (15,787) (7,026)
Cash Flows From Financing Activities:    
Proceeds from Long-term Debt 22,000 15,000
Payments for Long-term Debt (7,341) (18,279)
Purchase of Outstanding Shares for Treasury (13,524) (12,154)
Debt Acquisition Costs 0 (164)
Proceeds from Exercise of Stock Options 317 557
Income Tax Benefit from Exercise of Stock Options 0 529
Cash Provided By (Used For) Financing Activities 1,452 (14,511)
Effect of Exchange Rates on Cash 176 68
(Decrease) Increase in Cash and Cash Equivalents (9,633) 1,850
Cash and Cash Equivalents at Beginning of Period 17,901 18,561
Cash and Cash Equivalents at End of Period $ 8,268 $ 20,411