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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2016
Mar. 28, 2015
Operating Activities    
Net income $ 23,278 $ 15,503
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 8,344 8,957
Slow moving inventory valuation adjustment (91) (748)
Stock-based compensation 632 1,151
Loss on sale of assets 4 (60)
Deferred income taxes $ 865 3
Impairment of assets 12
Changes in operating assets and liabilities:    
Trade receivables $ (3,025) (13,296)
Inventories 4,916 16,145
Trade accounts payable and accrued expenses 5,308 (2,690)
Employee compensation and benefits (9,798) 2,476
Product liability 580 (350)
Prepaid expenses, other assets and other liabilities (471) 2,599
Income taxes payable (1,113) 3,081
Cash provided by operating activities 29,429 32,783
Investing Activities    
Property, plant and equipment additions $ (6,346) (4,302)
Proceeds from sale of assets 60
Cash used for investing activities $ (6,346) (4,242)
Financing Activities    
Tax benefit from exercise of stock options and vesting of RSU's 8,792 280
Remittance of taxes withheld from employees related to share-based compensation $ (14,001) (1,000)
Proceeds from exercise of stock options 97
Repurchase of common stock (2,841)
Dividends paid $ (6,636) (3,178)
Cash used for financing activities (11,845) (6,642)
Increase in cash and cash equivalents 11,238 21,899
Cash and cash equivalents at beginning of period 69,225 8,901
Cash and cash equivalents at end of period $ 80,463 $ 30,800