XML 20 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Operating Activities    
Net Income Attributable to Kadant $ 59,886 $ 38,989
Net income attributable to noncontrolling interest 635 369
Net income 60,521 39,358
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,597 23,260
Stock-based compensation expense 6,230 5,126
Provision for losses on accounts receivable 116 505
Loss (gain) on sale of property, plant, and equipment 99 (4)
Other items, net (1,852) (250)
Changes in current assets and liabilities, net of effects of acquisitions:    
Accounts receivable (22,305) 1,306
Unbilled revenue (487) 4,332
Inventories (10,553) (6,229)
Other current assets (8,110) 2,840
Accounts payable 19,822 (13,183)
Other current liabilities 33,332 (4,460)
Net cash provided by operating activities 101,410 52,601
Investing Activities    
Acquisitions, net of cash acquired (Note 2) (141,538) (7,095)
Purchases of property, plant, and equipment (7,688) (5,419)
Proceeds from sale of property, plant, and equipment 102 55
Other 537 0
Net cash used in investing activities (148,587) (12,459)
Financing Activities    
Repayment of short- and long-term obligations (72,723) (69,034)
Proceeds from issuance of long-term obligations (Note 5) 151,944 26,000
Tax withholding payments related to stock-based compensation (3,388) (2,596)
Dividend paid to noncontrolling interest (560) (525)
Dividends paid (8,559) (8,141)
Proceeds from issuance of Company common stock 0 1,614
Other 0 (189)
Net cash provided by (used in) financing activities 66,714 (52,871)
Exchange Rate Effect on Cash, Cash Equivalents, and Restricted Cash (2,513) 660
Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 17,024 (12,069)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 66,640 68,273
Cash, Cash Equivalents, and Restricted Cash at End of Period $ 83,664 $ 56,204