XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2016
Sep. 26, 2015
Operating Activities    
Net income $ 66,642 $ 45,026
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 25,257 26,693
Slow moving inventory valuation adjustment 630 (1,126)
Stock-based compensation 2,213 3,442
Loss (gain) on sale of assets 50 (157)
Deferred income taxes 2,520 (78)
Impairment of assets 6 32
Changes in operating assets and liabilities:    
Trade receivables 1,398 (3,247)
Inventories (7,105) 5,054
Trade accounts payable and accrued expenses 9,762 956
Employee compensation and benefits (2,667) 8,602
Product liability 806 (101)
Prepaid expenses, other assets and other liabilities (5,340) 5,652
Income taxes payable and prepaid income taxes (8,781) 4,201
Cash provided by operating activities 85,391 94,949
Investing Activities    
Property, plant and equipment additions (23,049) (24,488)
Proceeds from sale of assets 7 222
Cash used for investing activities (23,042) (24,266)
Financing Activities    
Tax benefit from exercise of stock options and vesting of RSU's 8,826 305
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 (25,036) (15,893)
Cash used for financing activities (30,211) (19,332)
Increase in cash and cash equivalents 32,138 51,351
Cash and cash equivalents at beginning of period 69,225 8,901
Cash and cash equivalents at end of period $ 101,363 $ 60,252