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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Operating Activities    
Net Income Attributable to Kadant $ 39,425 $ 24,138
Net income attributable to noncontrolling interest 398 240
Net income 39,823 24,378
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,402 15,174
Stock-based compensation expense 4,026 3,516
(Benefit) provision for losses on accounts receivable (241) 303
Loss on sale of property, plant, and equipment 91 0
Other items, net (1,054) (565)
Changes in current assets and liabilities, net of effects of acquisitions:    
Accounts receivable (15,321) 4,761
Unbilled revenue 1,005 2,706
Inventories (7,312) (9,372)
Other current assets (1,780) 1,572
Accounts payable 12,904 (5,032)
Other current liabilities 15,935 (9,233)
Net cash provided by operating activities 63,478 28,208
Investing Activities    
Acquisitions, net of cash acquired (159) (7,066)
Purchases of property, plant, and equipment (4,318) (3,597)
Proceeds from sale of property, plant, and equipment 71 11
Other 537 0
Net cash used in investing activities (3,869) (10,652)
Financing Activities    
Repayment of long-term obligations (47,138) (24,160)
Proceeds from issuance of long-term obligations (Note 4) 88,888 7,000
Tax withholding payments related to stock-based compensation (3,388) (2,318)
Dividends paid (5,664) (5,381)
Proceeds from issuance of Company common stock 0 1,445
Net cash provided by (used in) financing activities 32,698 (23,414)
Exchange Rate Effect on Cash, Cash Equivalents, and Restricted Cash (803) (1,466)
Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 91,504 (7,324)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 66,640 68,273
Cash, Cash Equivalents, and Restricted Cash at End of Period $ 158,144 $ 60,949