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. 29, 2014
Mar. 30, 2013
Cash Flows From Operating Activities:    
Net Income $ 7,507 $ 8,564
Adjustments to Reconcile Net Income to Cash Provided By Operating Activities:    
Depreciation and Amortization 4,838 1,749
Provisions for Non-Cash Losses on Inventory and Receivables 312 116
Stock Compensation Expense 394 326
Deferred Tax (Benefit) Expense (816) 1,015
Other (879) (277)
Cash Flows from Changes in Operating Assets and Liabilities:    
Accounts Receivable (37,632) 5,863
Inventories 8,699 (1,115)
Accounts Payable 9,520 1,737
Other Current Assets and Liabilities (382) (2,937)
Billings in Excess of Recoverable Costs and Accrued Profits on Uncompleted Contracts   116
Customer Advanced Payments and Deferred Revenue 9,203 (2,321)
Income Taxes 2,776 1,208
Supplemental Retirement and Other Liabilities (967) 282
Cash Provided By Operating Activities 2,573 14,326
Cash Flows From Investing Activities:    
Acquisition of Business (70,275)  
Capital Expenditures (16,906) (1,828)
Cash Used For Investing Activities (87,181) (1,828)
Cash Flows From Financing Activities:    
Proceeds from Credit Facility 58,000  
Payments for Long-term Debt (405) (2,035)
Debt Acquisition Costs (280) (160)
Acquisition Earnout Payments (53) (81)
Proceeds from Exercise of Stock Options 588 137
Income Tax Benefit from Exercise of Stock Options 1,261 57
Cash Provided By (Used For) Financing Activities 59,111 (2,082)
Effect of Exchange Rates on Cash (21) 2
(Decrease) Increase in Cash and Cash Equivalents (25,518) 10,418
Cash and Cash Equivalents at Beginning of Period 54,635 7,380
Cash and Cash Equivalents at End of Period $ 29,117 $ 17,798