Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Cash Flows (Unaudited)

v2.3.0.15
Consolidated Condensed Statements of Cash Flows (Unaudited) (USD $)
In Thousands
 9 Months Ended
Oct. 01, 2011
Oct. 02, 2010
Cash Flows from Operating Activities:    
Net Income $ 16,422 $ 10,477
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Depreciation and Amortization 3,592 3,657
Provision for Non-Cash Losses on Inventory and Receivables 450 993
Stock Compensation Expense 807 681
Deferred Tax Expense 689 1,288
Other (359) (44)
Cash Flows from Changes in Operating Assets and Liabilities:    
Accounts Receivable (6,215) 1,906
Inventories (2,790) (4,041)
Accounts Payable (596) 2,961
Other Current Assets and Liabilities 2,141 250
Billings in Excess of Recoverable Costs and Accrued Profits on Uncompleted Contracts (1,172) (688)
Customer Advanced Payments and Deferred Revenue 934 (2,920)
Income Taxes (832) 417
Supplemental Retirement and Other Liabilities (150) (331)
Cash Provided By Operating Activities 12,921 14,606
Cash Flows from Investing Activities:    
Capital Expenditures (12,875) (2,574)
Other   (207)
Cash Used For Investing Activities (12,875) (2,781)
Cash Flows from Financing Activities:    
Net Payments For Long-term Debt (3,897) (5,831)
Debt Acquisition Costs (112)  
Proceeds from Exercise of Stock Options 1,694 1,084
Income Tax Benefit from Exercise of Stock Options 196  
Other (16) 22
Cash Used For Financing Activities (2,135) (4,725)
Effect of Exchange Rates on Cash (8) 2
(Decrease) Increase in Cash and Cash Equivalents (2,097) 7,102
Cash and Cash Equivalents at Beginning of Period 22,709 14,949
Cash and Cash Equivalents at End of Period $ 20,612 $ 22,051