XML 33 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 28, 2013
Sep. 29, 2012
Operating Activities:    
Net income attributable to Kadant $ 17,491 $ 22,057
Net Income Attributable to Noncontrolling Interest 148 151
Loss (income) from discontinued operation 55 (780)
Income from continuing operations 17,694 21,428
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 6,730 6,419
Stock-based compensation expense 3,794 3,560
(Recoveries) provision for losses on accounts receivable (40) 65
Gain on the sale of property, plant, and equipment (1,908) (209)
Other items, net 309 1,144
Changes in current assets and liabilities, net of effects of acquisitions:    
Accounts receivable 3,563 (563)
Unbilled contract costs and fees (780) (3,934)
Inventories (2,176) 7,398
Other current assets (1,871) (980)
Accounts payable 2,276 (5,890)
Other current liabilities 3,916 (9,981)
Contributions to pension plan (810) (720)
Net cash provided by continuing operations 30,697 17,737
Net cash used in discontinued operation (191) (1,359)
Net cash provided by operating activities 30,506 16,378
Investing Activities:    
Acquisitions, net of cash acquired (14,209) 113
Proceeds from sale of property, plant, and equipment 3,320 370
Purchases of property, plant, and equipment (4,149) (1,514)
Other, net 646 (10)
Net cash used in continuing operations for investing activities (14,392) (1,041)
Financing Activities:    
Proceeds from issuance of short- and long-term obligations 18,900 5,000
Repayments of short- and long-term obligations (11,275) (5,375)
Purchases of Company common stock (3,481) (9,799)
Dividends paid (2,796) 0
Proceeds from issuance of Company common stock 337 359
Change in restricted cash (166) 632
Other, net 327 (517)
Net cash provided by (used in) continuing operations for financing activities 1,846 (9,700)
Exchange Rate Effect on Cash and Cash Equivalents from Continuing Operations 488 752
Increase in Cash and Cash Equivalents from Continuing Operations 18,448 6,389
Cash and Cash Equivalents at Beginning of Period 54,553 46,950
Cash and Cash Equivalents at End of Period $ 73,001 $ 53,339