Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Cash Flows (Unaudited)

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Consolidated Condensed Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Apr. 02, 2011
Cash Flows from Operating Activities:    
Net Income $ 6,095 $ 5,209
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Depreciation and Amortization 1,447 1,190
Provision for Non-Cash Losses on Inventory and Receivables 437 368
Stock Compensation Expense 318 243
Deferred Tax Expense 94 190
Other (61) 37
Cash Flows from Changes in Operating Assets and Liabilities:    
Accounts Receivable (4,218) (6,154)
Inventories (2,530) (2,363)
Accounts Payable 1,576 (1,804)
Other Current Assets and Liabilities (1,422) (1,232)
Billings in Excess of Recoverable Costs and Accrued Profits on Uncompleted Contracts (204) (215)
Customer Advanced Payments and Deferred Revenue 503 (940)
Income Taxes 2,673 2,033
Supplemental Retirement and Other Liabilities 81 (17)
Cash Provided By (Used For) Operating Activities 4,789 (3,455)
Cash Flows from Investing Activities:    
Capital Expenditures (1,665) (754)
Cash Used For Investing Activities (1,665) (754)
Cash Flows from Financing Activities:    
Payments for Long-term Debt (6,052) (2,059)
Proceeds from Exercise of Stock Options 99 289
Income Tax Benefit from Exercise of Stock Options 144 156
Cash Used For Financing Activities (5,809) (1,614)
Effect of Exchange Rates on Cash 1 2
Decrease in Cash and Cash Equivalents (2,684) (5,821)
Cash and Cash Equivalents at Beginning of Period 10,919 22,709
Cash and Cash Equivalents at End of Period $ 8,235 $ 16,888