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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Apr. 01, 2017
Operating Activities    
Net income $ 14,264 $ 22,224
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 8,172 9,326
Slow moving inventory valuation adjustment 360 615
Stock-based compensation 1,144 686
Loss on sale of assets 31
Deferred income taxes (744) 933
Changes in operating assets and liabilities:    
Trade receivables (1,047) (8,151)
Inventories 13,242 (1,038)
Trade accounts payable and accrued expenses (3,974) (2,693)
Contract liability to customers 7,081
Employee compensation and benefits 1,361 (9,873)
Product liability (70) (453)
Prepaid expenses, other assets and other liabilities 898 (3,165)
Income taxes payable and prepaid income taxes 4,625 10,495
Cash provided by operating activities 45,312 18,937
Investing Activities    
Property, plant and equipment additions (1,402) (7,232)
Cash used for investing activities (1,402) (7,232)
Financing Activities    
Remittance of taxes withheld from employees related to share-based compensation (718) (2,492)
Repurchase of common stock (53,469)
Dividends paid (4,012) (7,772)
Cash used for financing activities (4,730) (63,733)
Increase -decrease in cash and cash equivalents 39,180 (52,028)
Cash and cash equivalents at beginning of period 63,487 87,126
Cash and cash equivalents at end of period $ 102,667 $ 35,098