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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Operating Activities    
Net Income Attributable to Kadant $ 24,138 $ 27,204
Net income attributable to noncontrolling interest 240 262
Net income 24,378 27,466
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,174 16,541
Stock-based compensation expense 3,516 3,467
Provision for losses on accounts receivable 303 39
Gain on sale of property, plant, and equipment 0 (189)
Other items, net (565) 851
Changes in current assets and liabilities, net of effects of acquisitions:    
Accounts receivable 4,761 (2,855)
Unbilled revenue 2,706 2,131
Inventories (9,372) (9,326)
Other current assets 1,572 (3,417)
Accounts payable (5,032) 3,419
Other current liabilities (9,233) (5,639)
Net cash provided by operating activities 28,208 32,488
Investing Activities    
Acquisitions, net of cash acquired (Note 2) (7,066) (176,855)
Purchases of property, plant, and equipment (3,597) (4,143)
Proceeds from sale of property, plant, and equipment 11 368
Net cash used in investing activities (10,652) (180,630)
Financing Activities    
Repayment of short- and long-term obligations (24,160) (24,562)
Proceeds from issuance of long-term obligations 7,000 191,000
Dividends paid (5,381) (5,014)
Tax withholding payments related to stock-based compensation (2,318) (2,670)
Proceeds from issuance of Company common stock 1,445 1,697
Payment of debt issuance costs 0 (52)
Net cash (used in) provided by financing activities (23,414) 160,399
Exchange Rate Effect on Cash, Cash Equivalents, and Restricted Cash (1,466) (236)
(Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash (7,324) 12,021
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 68,273 46,117
Cash, Cash Equivalents, and Restricted Cash at End of Period $ 60,949 $ 58,138