XML 21 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Operating Activities:    
Net Income Attributable to Kadant $ 30,332 $ 24,344
Net income attributable to noncontrolling interest 343 318
Income from discontinued operation 0 (3)
Net income 30,675 24,659
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,056 10,934
Stock-based compensation expense 4,283 3,865
Provision for losses on accounts receivable 238 420
Loss (gain) on the sale of property, plant, and equipment 37 (384)
Other items, net (738) 256
Contributions to U.S. pension plan (810) (810)
Changes in current assets and liabilities, net of effects of acquisitions:    
Accounts receivable (16,225) 3,731
Unbilled contract costs and fees (2,582) 1,713
Inventories (3,504) 2,051
Other current assets (2,517) 620
Accounts payable 2,049 (5,599)
Other current liabilities 8,366 (6,717)
Net cash provided by continuing operations 32,328 34,739
Net cash used in discontinued operation 0 (2)
Net cash provided by operating activities 32,328 34,737
Investing Activities:    
Acquisitions, net of cash acquired (204,228) (56,617)
Purchases of property, plant, and equipment (8,718) (3,579)
Proceeds from sale of property, plant, and equipment 111 409
Net cash used in investing activities (212,835) (59,787)
Financing Activities:    
Proceeds from issuance of debt 222,019 48,046
Repayment of debt (20,272) (15,429)
Dividends paid (6,699) (5,964)
Tax withholding payments related to stock-based compensation (2,206) (2,572)
Payment of debt issuance costs (1,257) (27)
Payment of contingent consideration 0 (1,091)
Proceeds from issuance of Company common stock 0 1,780
Change in restricted cash 1,523 (793)
Dividend paid to noncontrolling interest (882) 0
Other financing activities (288) 0
Net cash provided by financing activities 191,938 23,950
Exchange Rate Effect on Cash and Cash Equivalents 7,704 (1,195)
Increase (Decrease) in Cash and Cash Equivalents 19,135 (2,295)
Cash and Cash Equivalents at Beginning of Period 71,487 65,530
Cash and Cash Equivalents at End of Period $ 90,622 $ 63,235