Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Cash Flows

v3.5.0.2
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Cash Flows From Operating Activities:    
Net Income $ 26,465 $ 28,373
Adjustments to Reconcile Net Income to Cash Provided By Operating Activities:    
Depreciation and Amortization 13,146 12,545
Provisions for Non-Cash Losses on Inventory and Receivables 928 957
Stock Compensation Expense 1,256 1,143
Deferred Tax Benefit (980) (576)
Non-cash Earnout Liability Adjustment 0 (1,268)
Other 320 158
Cash Flows from Changes in Operating Assets and Liabilities:    
Accounts Receivable (10,860) (3,797)
Inventories (4,145) (16,786)
Accounts Payable (10) 9,192
Accrued Expenses (3,643) (857)
Other Current Assets and Liabilities 32 (352)
Customer Advanced Payments and Deferred Revenue (9,992) (13,287)
Income Taxes 10,107 4,610
Supplemental Retirement and Other Liabilities 695 820
Cash Provided By Operating Activities 23,319 20,875
Cash Flows From Investing Activities:    
Acquisition of Business, Net of Cash Acquired 0 (52,615)
Capital Expenditures (6,176) (12,277)
Other Investing Activities (850) (2,678)
Cash Used For Investing Activities (7,026) (67,570)
Cash Flows From Financing Activities:    
Proceeds from Long-term Debt 15,000 55,000
Payments for Long-term Debt (18,279) (6,331)
Purchase of Outstanding Shares for Treasury (12,154) 0
Debt Acquisition Costs (164) 0
Proceeds from Exercise of Stock Options 557 638
Acquisition Earnout Payments 0 (2)
Income Tax Benefit from Exercise of Stock Options 529 708
Cash (Used For) Provided By Financing Activities (14,511) 50,013
Effect of Exchange Rates on Cash 68 (748)
Increase in Cash and Cash Equivalents 1,850 2,570
Cash and Cash Equivalents at Beginning of Period 18,561 21,197
Cash and Cash Equivalents at End of Period $ 20,411 $ 23,767