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
 6 Months Ended
Jun. 30, 2012
Jul. 02, 2011
Cash Flows from Operating Activities:    
Net Income $ 11,289 $ 9,757
Adjustments to Reconcile Net Income to Cash Provided by (Used For) Operating Activities:    
Depreciation and Amortization 2,831 2,394
Provision for Non-Cash Losses on Inventory and Receivables 574 597
Stock Compensation Expense 723 537
Deferred Tax Expense (476) 370
Other 143 (85)
Cash Flows from Changes in Operating Assets and Liabilities:    
Accounts Receivable (7,903) (4,735)
Inventories (5,021) (3,559)
Accounts Payable 607 (774)
Other Current Assets and Liabilities 265 (701)
Billings in Excess of Recoverable Costs and Accrued Profits on Uncompleted Contracts (264) (393)
Customer Advanced Payments and Deferred Revenue 4,760 (147)
Income Taxes 1,049 (17)
Supplemental Retirement and Other Liabilities 381 (88)
Cash Provided By Operating Activities 8,958 3,156
Cash Flows from Investing Activities:    
Capital Expenditures (4,496) (6,979)
Cash Used For Investing Activities (4,496) (6,979)
Cash Flows from Financing Activities:    
Payments for Long-term Debt (7,507) (3,499)
Proceeds from Exercise of Stock Options 151 490
Income Tax Benefit from Exercise of Stock Options 144 196
Cash Used For Financing Activities (7,212) (2,813)
Effect of Exchange Rates on Cash (1) 2
Decrease in Cash and Cash Equivalents (2,751) (6,634)
Cash and Cash Equivalents at Beginning of Period 10,919 22,709
Cash and Cash Equivalents at End of Period $ 8,168 $ 16,075