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v3.19.2

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended
--- | ---
Jun. 30, 2019 | Jul. 01, 2018
OPERATING ACTIVITIES: |  |
Net income | $ 36,558 | $ 35,686
Adjustments to reconcile net income to cash provided by operating activities: |  |
Depreciation and amortization | 22,698 | 17,190
Stock compensation amortization expense | 4,832 | 5,616
Deferred income taxes and other | (11,577) | (729)
Amortization of acquired intangible assets | 3,252 | 0
Working capital changes: |  |
Accounts receivable | (4,637) | (16,410)
Inventories | (13,349) | (24,281)
Prepaid expenses and current assets | (6,206) | (17,974)
Accounts payable and accrued expenses | (11,139) | 5,890
CASH PROVIDED BY OPERATING ACTIVITIES | 20,432 | 4,988
INVESTING ACTIVITIES: |  |
Capital expenditures | (34,926) | (16,363)
Other | 33 | 533
CASH USED IN INVESTING ACTIVITIES | (34,893) | (15,830)
FINANCING ACTIVITIES: |  |
Repayments of long-term debt | (16,670) | (7,500)
Borrowing of long-term debt | 70,000 | 23,210
Tax withholding payments for share-based compensation | (3,264) | (1,052)
Proceeds from issuance of common stock | 60 | 124
Dividends paid | (7,763) | (7,735)
Repurchase of common stock | (25,154) | (14,485)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES: | 17,209 | (7,438)
Net cash provided by (used in) operating, investing and financing activities | 2,748 | (18,280)
Effect of exchange rate changes on cash | 519 | (1,774)
CASH AND CASH EQUIVALENTS: |  |
Net change during the period | 3,267 | (20,054)
Balance at beginning of period | 80,989 | 87,037
Balance at end of period | $ 84,256 | $ 66,983

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