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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Operating Activities    
Net income $ 29,453 $ 32,423
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 16,344 18,653
Slow moving inventory valuation adjustment (348) 321
Stock-based compensation 2,668 1,643
(Gain) loss on sale of assets (4) 31
Deferred income taxes (513) 428
Changes in operating assets and liabilities:    
Trade receivables 9,944 13,880
Inventories 16,049 1,973
Trade accounts payable and accrued expenses (3,736) (14,158)
Contract liability to customers 4,447
Employee compensation and benefits 5,242 (10,612)
Product liability 73 (305)
Prepaid expenses, other assets and other liabilities 155 (4,704)
Income taxes payable 1,221 333
Cash provided by operating activities 80,995 39,906
Investing Activities    
Property, plant and equipment additions (2,360) (10,875)
Proceeds from sale of assets 4 3
Cash used for investing activities (2,356) (10,872)
Financing Activities    
Remittance of taxes withheld from employees related to share-based compensation (816) (2,482)
Repurchase of common stock (53,469)
Dividends paid (9,599) (16,255)
Cash used for financing activities (10,415) (72,206)
Increase (decrease) in cash and cash equivalents 68,224 (43,172)
Cash and cash equivalents at beginning of period 63,487 87,126
Cash and cash equivalents at end of period $ 131,711 $ 43,954