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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Operating Activities:    
Net Income Attributable to Kadant $ 15,187 $ 15,361
Net income attributable to noncontrolling interest 243 165
Income from discontinued operation 0 (60)
Income from continuing operations 15,430 15,466
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 7,477 5,663
Stock-based compensation expense 2,596 3,241
Tax benefits from stock-based compensation awards 0 (884)
Provision for losses on accounts receivable 320 219
Gain on the sale of property, plant, and equipment (350) (3)
Other items, net 289 (324)
Contributions to pension plan (540) (540)
Changes in current assets and liabilities, net of effects of acquisition:    
Accounts receivable 3,699 (1,988)
Unbilled contract costs and fees 818 1,040
Inventories (2,498) (10,843)
Other current assets 459 (2,427)
Accounts payable 172 2,000
Other current liabilities (8,663) 1,520
Net cash provided by continuing operations 19,209 12,140
Net cash used in discontinued operation 0 (39)
Net cash provided by operating activities 19,209 12,101
Investing Activities:    
Acquisition, net of cash acquired (56,617) 0
Purchases of property, plant, and equipment (1,736) (2,651)
Proceeds from sale of property, plant, and equipment 399 28
Net cash used in investing activities (57,954) (2,623)
Financing Activities:    
Proceeds from issuance of long-term obligations 46,046 15,000
Repayments of short-and long-term obligations (12,250) (12,361)
Purchases of Company common stock 0 (4,040)
Dividends paid (3,894) (3,494)
Tax withholding payments related to stock-based compensation (2,435) (2,499)
Payment of contingent consideration (1,091) 0
Proceeds from issuance of Company common stock 1,374 285
Tax benefits from stock-based compensation awards 0 884
Change in restricted cash 724 (842)
Net cash provided by (used in) financing activities 28,474 (7,067)
Exchange Rate Effect on Cash and Cash Equivalents (1,048) (427)
(Decrease) Increase in Cash and Cash Equivalents (11,319) 1,984
Cash and Cash Equivalents at Beginning of Period 65,530 45,378
Cash and Cash Equivalents at End of Period $ 54,211 $ 47,362