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
 9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Cash Flows From Operating Activities:    
Net Income $ 25,332 $ 38,539
Adjustments to Reconcile Net Income to Cash Provided By Operating Activities:    
Depreciation and Amortization 19,269 19,457
Provisions for Non-Cash Losses on Inventory and Receivables 943 1,554
Stock Compensation Expense 2,203 1,876
Deferred Tax Benefit (920) (3,527)
Other (657) 401
Cash Flows from Changes in Operating Assets and Liabilities:    
Accounts Receivable (1,515) (23,707)
Inventories (18,480) (5,113)
Accounts Payable 8,267 211
Accrued Expenses (5,483) (786)
Other Current Assets and Liabilities (4,556) (460)
Customer Advanced Payments and Deferred Revenue (2,336) (11,281)
Income Taxes (883) 6,860
Supplemental Retirement and Other Liabilities 1,129 1,126
Cash Provided By Operating Activities 22,313 25,150
Cash Flows From Investing Activities:    
Acquisition of Business, Net of Cash Acquired (10,199) 0
Capital Expenditures (9,715) (9,869)
Other Investing Activities (2,070) (1,585)
Cash Used For Investing Activities (21,984) (11,454)
Cash Flows From Financing Activities:    
Proceeds from Long-term Debt 42,000 20,000
Payments for Long-term Debt (13,031) (25,909)
Purchase of Outstanding Shares for Treasury (32,382) (17,446)
Debt Acquisition Costs 0 (164)
Proceeds from Exercise of Stock Options 349 3,902
Income Tax Benefit from Exercise of Stock Options 0 529
Cash Used For Financing Activities (3,064) (19,088)
Effect of Exchange Rates on Cash 211 109
Decrease in Cash and Cash Equivalents (2,524) (5,283)
Cash and Cash Equivalents at Beginning of Period 17,901 18,561
Cash and Cash Equivalents at End of Period $ 15,377 $ 13,278