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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Operating Activities    
Net income $ 32,423 $ 46,792
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 18,653 16,690
Slow moving inventory valuation adjustment 321 452
Stock-based compensation 1,643 1,373
Loss on sale of assets 31 1
Deferred income taxes 428 1,413
Impairment of assets (10)
Changes in operating assets and liabilities:    
Trade receivables 13,880 6,743
Inventories 1,973 (2,136)
Trade accounts payable and accrued expenses (14,158) 6,877
Employee compensation and benefits (10,612) (5,482)
Product liability (305) 289
Prepaid expenses, other assets and other liabilities (4,704) (2,134)
Income taxes payable and prepaid income taxes 333 (4,777)
Cash provided by operating activities 39,906 66,091
Investing Activities    
Property, plant and equipment additions (10,875) (11,334)
Proceeds from sale of assets 3 3
Cash used for investing activities (10,872) (11,331)
Financing Activities    
Tax benefit from exercise of stock options and vesting of RSU's 8,825
Remittance of taxes withheld from employees related to share-based compensation (2,482) (14,001)
Repurchase of common stock (53,469)
Dividends paid (16,255) (15,740)
Cash used for financing activities (72,206) (20,916)
(Decrease) Increase in cash and cash equivalents (43,172) 33,844
Cash and cash equivalents at beginning of period 87,126 69,225
Cash and cash equivalents at end of period $ 43,954 $ 103,069