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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Operating Activities    
Net income $ 38,659 $ 41,793
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 24,517 26,026
Slow moving inventory valuation adjustment (147) 694
Stock-based compensation 4,239 2,647
(Gain) loss on sale of assets (9) 31
Deferred income taxes (2,333) 925
Changes in operating assets and liabilities:    
Trade receivables 13,272 16,288
Inventories 13,669 1,672
Trade accounts payable and accrued expenses (2,238) (17,805)
Contract liability to customers 3,704
Employee compensation and benefits 5,079 (11,028)
Product liability 44 (549)
Prepaid expenses, other assets and other liabilities (2,878) (4,259)
Income taxes payable 2,578
Cash provided by operating activities 95,578 59,013
Investing Activities    
Property, plant and equipment additions (4,884) (13,205)
Proceeds from sale of assets 9 3
Cash used for investing activities (4,875) (13,202)
Financing Activities    
Remittance of taxes withheld from employees related to share-based compensation (816) (2,482)
Repurchase of common stock (64,850)
Dividends paid (15,535) (20,246)
Cash used for financing activities (16,351) (87,578)
Increase (decrease) in cash and cash equivalents 74,352 (41,767)
Cash and cash equivalents at beginning of period 63,487 87,126
Cash and cash equivalents at end of period $ 137,839 $ 45,359