XML 51 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 04, 2015
Jun. 28, 2014
Jul. 04, 2015
Jun. 28, 2014
Income Statement [Abstract]        
Revenues $ 98,327 $ 104,835 $ 190,578 $ 198,202
Costs and Operating Expenses:        
Cost of revenues 52,600 59,753 100,514 110,940
Selling, general, and administrative expenses 31,068 31,588 63,290 64,070
Research and development expenses 1,800 1,392 3,460 3,141
Restructuring costs 216 66 300 394
Total Costs and Operating Expenses 85,684 92,799 167,564 178,545
Operating Income 12,643 12,036 23,014 19,657
Interest Income 43 82 96 304
Interest Expense (231) (250) (462) (556)
Income from Continuing Operations Before Provision for Income Taxes 12,455 11,868 22,648 19,405
Provision for Income Taxes 3,914 3,870 7,182 6,222
Income from Continuing Operations 8,541 7,998 15,466 13,183
Loss from Discontinued Operation (net of income tax benefit of $3 and $5) (5) (9) 60 (14)
Net Income 8,536 7,989 15,526 13,169
Net Income Attributable to Noncontrolling Interest (72) (131) (165) (258)
Net Income Attributable to Kadant 8,464 7,858 15,361 12,911
Amounts Attributable to Kadant:        
Income from Continuing Operations 8,469 7,867 15,301 12,925
Loss from Discontinued Operation (5) (9) 60 (14)
Net Income Attributable to Kadant $ 8,464 $ 7,858 $ 15,361 $ 12,911
Earnings per Share from Continuing Operations Attributable to Kadant:        
Basic (in dollars per share) $ 0.77 $ 0.71 $ 1.40 $ 1.17
Diluted (in dollars per share) 0.76 0.70 1.37 1.15
Earnings per Share Attributable to Kadant:        
Basic (in dollars per share) 0.77 0.71 1.41 1.16
Diluted (in dollars per share) $ 0.76 $ 0.70 $ 1.38 $ 1.14
Weighted Average Shares:        
Basic (in shares) 10,948 11,049 10,920 11,091
Diluted (in shares) 11,173 11,246 11,130 11,280
Cash Dividend Declared per Common Share $ 0.17 $ 0.15 $ 0.34 $ 0.30