Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Cash Flows

v3.7.0.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Cash Flows From Operating Activities:    
Net Income $ 11,587 $ 11,485
Adjustments to Reconcile Net Income to Cash Provided By Operating Activities:    
Depreciation and Amortization 6,298 6,546
Provisions for Non-Cash Losses on Inventory and Receivables 535 563
Stock Compensation Expense 656 597
Deferred Tax Benefit (516) (468)
Other (291) 119
Cash Flows from Changes in Operating Assets and Liabilities:    
Accounts Receivable (3,268) (10,384)
Inventories (5,957) (3,117)
Accounts Payable 4,397 2,755
Accrued Expenses (8,477) (8,522)
Other Current Assets and Liabilities (942) 214
Customer Advanced Payments and Deferred Revenue (2,072) (3,831)
Income Taxes 4,038 4,245
Supplemental Retirement and Other Liabilities 382 341
Cash Provided By Operating Activities 6,370 543
Cash Flows From Investing Activities:    
Capital Expenditures (2,767) (2,450)
Cash Used For Investing Activities (2,767) (2,450)
Cash Flows From Financing Activities:    
Proceeds from Long-term Debt 0 10,000
Payments for Long-term Debt (6,657) (7,604)
Purchase of Outstanding Shares for Treasury (4,413) (4,261)
Debt Acquisition Costs 0 (164)
Proceeds from Exercise of Stock Options 295 451
Income Tax Benefit from Exercise of Stock Options 0 529
Cash Used For Financing Activities (10,775) (1,049)
Effect of Exchange Rates on Cash 34 186
Decrease in Cash and Cash Equivalents (7,138) (2,770)
Cash and Cash Equivalents at Beginning of Period 17,901 18,561
Cash and Cash Equivalents at End of Period $ 10,763 $ 15,791