XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Operating Activities    
Net income $ 41,793 $ 66,642
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 26,026 25,263
Slow moving inventory valuation adjustment 694 630
Stock-based compensation 2,647 2,213
Loss on sale of assets 31 50
Deferred income taxes 925 2,520
Changes in operating assets and liabilities:    
Trade receivables 16,288 1,398
Inventories 1,672 (7,105)
Trade accounts payable and accrued expenses (17,805) 9,762
Employee compensation and benefits (11,028) (2,667)
Product liability (549) 806
Prepaid expenses, other assets and other liabilities (4,259) (5,340)
Income taxes payable and prepaid income taxes 2,578 (8,781)
Cash provided by operating activities 59,013 85,391
Investing Activities    
Property, plant and equipment additions (13,205) (23,049)
Proceeds from sale of assets 3 7
Cash used for investing activities (13,202) (23,042)
Financing Activities    
Tax benefit from exercise of stock options and vesting of RSU's 8,826
Remittance of taxes withheld from employees related to share-based compensation (2,482) (14,001)
Repurchase of common stock (64,850)
Dividends paid (20,246) (25,036)
Cash used for financing activities (87,578) (30,211)
(Decrease) Increase in cash and cash equivalents (41,767) 32,138
Cash and cash equivalents at beginning of period 87,126 69,225
Cash and cash equivalents at end of period $ 45,359 $ 101,363