XML 30 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 28, 2014
Jun. 29, 2013
Operating Activities:    
Net income attributable to Kadant $ 12,911 $ 11,044
Net Income Attributable to Noncontrolling Interest 258 108
Loss from discontinued operation 14 41
Income from continuing operations 13,183 11,193
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 5,874 4,428
Stock-based compensation expense 2,811 2,558
Recovery of losses on accounts receivable (29) (193)
Gain on the sale of property, plant, and equipment (122) (1,862)
Other items, net 308 10
Contributions to pension plan (540) (540)
Changes in current assets and liabilities, net of effects of acquisitions:    
Accounts receivable 3,461 1,225
Unbilled contract costs and fees 299 1,781
Inventories 2,309 (6,852)
Other current assets (753) (451)
Accounts payable 874 2,715
Other current liabilities (12,480) 4,059
Net cash provided by continuing operations 15,195 18,071
Net cash used in discontinued operation (1) (173)
Net cash provided by operating activities 15,194 17,898
Investing Activities:    
Acquisitions, net of cash acquired (2,770) (14,209)
Purchases of property, plant, and equipment (1,442) (2,572)
Proceeds from sale of property, plant, and equipment 171 3,309
Other, net 0 849
Net cash used in continuing operations for investing activities (4,041) (12,623)
Financing Activities:    
Proceeds from issuance of long-term obligations 11,401 18,900
Repayments of long-term obligations (21,724) (9,750)
Purchases of Company common stock (11,250) (2,715)
Dividends paid (3,064) (1,401)
Proceeds from issuance of Company common stock 557 337
Change in restricted cash 1 (165)
Other, net 703 311
Net cash (used in) provided by continuing operations for financing activities (23,376) 5,517
Exchange Rate Effect on Cash and Cash Equivalents from Continuing Operations (299) (1,023)
(Decrease) Increase in Cash and Cash Equivalents from Continuing Operations (12,522) 9,769
Cash and Cash Equivalents at Beginning of Period 50,032 54,553
Cash and Cash Equivalents at End of Period $ 37,510 $ 64,322