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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Operating Activities    
Net Income Attributable to Kadant $ 57,809 $ 67,362
Net income attributable to noncontrolling interest 396 488
Net Income 58,205 67,850
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,683 17,931
Stock-based compensation expense 4,886 4,536
Gain on sale of assets (Note 2) 0 (20,190)
Other items, net 1,584 7,579
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable (4,002) (12,336)
Contract assets 2,790 (3,694)
Inventories (10,808) (26,816)
Other assets 211 3,589
Accounts payable (9,364) (287)
Customer deposits 464 9,329
Other liabilities (1,305) (4,926)
Net cash provided by operating activities 59,344 42,565
Investing Activities    
Acquisitions, net of cash acquired 277 (62)
Purchases of property, plant, and equipment (13,246) (9,815)
Proceeds from sale of property, plant, and equipment 97 1,942
Other investing activities (30) 41
Net cash used in investing activities (12,902) (7,894)
Financing Activities    
Proceeds from issuance of short- and long-term obligations 0 16,516
Repayment of short- and long-term obligations (46,143) (51,379)
Tax withholding payments related to stock-based compensation (3,915) (4,589)
Dividends paid (6,430) (5,936)
Other financing activities (63) 0
Net cash used in financing activities (56,551) (45,388)
Exchange Rate Effect on Cash, Cash Equivalents, and Restricted Cash 579 (5,418)
Decrease in Cash, Cash Equivalents, and Restricted Cash (9,530) (16,135)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 79,725 94,161
Cash, Cash Equivalents, and Restricted Cash at End of Period $ 70,195 $ 78,026