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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 26, 2015
Sep. 27, 2014
Operating Activities    
Net income $ 45,026 $ 53,387
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 26,693 26,820
Slow moving inventory valuation adjustment (1,126) 2,615
Stock-based compensation 3,442 4,193
Gain on sale of assets (157) (8)
Deferred income taxes (78) $ 511
Impairment of assets 32
Changes in operating assets and liabilities:    
Trade receivables (3,247) $ 21,542
Inventories 5,054 (27,058)
Trade accounts payable and accrued expenses 956 (22,414)
Employee compensation and benefits 8,602 (17,586)
Product liability (101) (360)
Prepaid expenses, other assets and other liabilities 9,752 (10,819)
Income taxes payable 101 131
Cash provided by operating activities 94,949 30,954
Investing Activities    
Property, plant and equipment additions (24,488) (28,696)
Proceeds from sale of assets 222 179
Cash used for investing activities (24,266) (28,517)
Financing Activities    
Tax benefit from exercise of stock options and vesting of RSU's 305 1,621
Remittance of taxes withheld from employees related to share-based compensation (1,000) (2,363)
Proceeds from exercise of stock options 97 $ 23
Repurchase of common stock (2,841)
Dividends paid (15,893) $ (28,728)
Cash used for financing activities (19,332) (29,447)
Increase (decrease) in cash and cash equivalents 51,351 (27,010)
Cash and cash equivalents at beginning of period 8,901 55,064
Cash and cash equivalents at end of period $ 60,252 $ 28,054