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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Operating Activities    
Net Income Attributable to Kadant $ 16,561 $ 12,531
Net income attributable to noncontrolling interest 235 125
Net income 16,796 12,656
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,686 7,598
Stock-based compensation expense 1,499 1,639
(Benefit) provision for losses on accounts receivable (129) 103
Loss (gain) on sale of property, plant, and equipment 48 (10)
Other items, net (430) (877)
Changes in current assets and liabilities, net of effects of an acquisition:    
Accounts receivable (13,955) 1,929
Unbilled revenue 1,231 844
Inventories (6,612) (3,735)
Other current assets (2,690) (1,107)
Accounts payable 8,031 (3,440)
Other current liabilities 7,617 (9,431)
Net cash provided by operating activities 19,092 6,169
Investing Activities    
Acquisition (125) 0
Purchases of property, plant, and equipment (2,259) (2,686)
Proceeds from sale of property, plant, and equipment 32 14
Net cash used in investing activities (2,352) (2,672)
Financing Activities    
Repayment of long-term obligations (19,563) (2,969)
Proceeds from issuance of long-term obligations 10,139 0
Tax withholding payments related to stock-based compensation (3,388) (2,318)
Dividends paid (2,770) (2,628)
Proceeds from issuance of Company common stock 0 913
Net cash used in financing activities (15,582) (7,002)
Exchange Rate Effect on Cash, Cash Equivalents, and Restricted Cash (1,090) (2,693)
Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 68 (6,198)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 66,640 68,273
Cash, Cash Equivalents, and Restricted Cash at End of Period $ 66,708 $ 62,075