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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 02, 2016
Jun. 27, 2015
Operating Activities    
Net income $ 46,792 $ 33,063
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 16,690 17,841
Slow moving inventory valuation adjustment 452 (1,011)
Stock-based compensation 1,373 2,298
Loss (gain) on sale of assets 1 (157)
Deferred income taxes 1,413 (1,176)
Impairment of assets (10) 12
Changes in operating assets and liabilities:    
Trade receivables 6,743 (4,378)
Inventories (2,136) 11,511
Trade accounts payable and accrued expenses 6,877 5,925
Employee compensation and benefits (5,482) 6,881
Product liability 289 (401)
Prepaid expenses, other assets and other liabilities (2,134) 8,785
Income taxes payable (4,777) 1,671
Cash provided by operating activities 66,091 80,864
Investing Activities    
Property, plant and equipment additions (11,334) (16,259)
Proceeds from sale of assets 3 218
Cash used for investing activities (11,331) (16,041)
Financing Activities    
Tax benefit from exercise of stock options and vesting of RSU's 8,825 305
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 (15,740) (9,161)
Cash used for financing activities (20,916) (12,600)
Increase in cash and cash equivalents 33,844 52,223
Cash and cash equivalents at beginning of period 69,225 8,901
Cash and cash equivalents at end of period $ 103,069 $ 61,124