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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 03, 2015
Jun. 27, 2014
Cash flows from operating activities:    
Consolidated net income $ 22,944 $ 1,718
Less: Loss from discontinued operations, net of tax 13 4,544
Income from continuing operations 22,957 6,262
Adjustments to reconcile income from continuing operations to net cash provided by operating activities of continuing operations:    
Depreciation and amortization 9,385 11,151
Provision for inventory excess and obsolescence 801 602
Share-based compensation 2,533 2,434
Deferred income taxes 172 (1,250)
Earnings from equity-method investment (1,121) (989)
Gain on disposal of business (19,638)  
Non-cash restructuring and acquisition related charges 261 553
Other 574 1,023
Changes in assets and liabilities which (used) provided cash, excluding effects from businesses purchased or classified as discontinued operations:    
Accounts receivable (5,243) (429)
Inventories (3,841) 60
Income taxes receivable, prepaid expenses and other current assets 1,745 215
Accounts payable, income taxes payable, accrued expenses and other current liabilities 7,184 583
Other non-current assets and liabilities (1,201) (291)
Cash provided by operating activities of continuing operations 14,568 19,924
Cash provided by (used in) operating activities of discontinued operations (13) 121
Cash provided by operating activities 14,555 20,045
Cash flows from investing activities:    
Purchases of property, plant and equipment (2,133) (2,589)
Acquisition of businesses, net of cash acquired (13,048) (93,656)
Proceeds from sale of business, net of transaction costs 30,623  
Proceeds from the sale of property, plant and equipment 116 52
Cash provided by (used in) investing activities of continuing operations 15,558 (96,193)
Cash used in investing activities of discontinued operations   (898)
Cash provided by (used in) investing activities 15,558 (97,091)
Cash flows from financing activities:    
Borrowings under revolving credit facility 13,000 77,000
Repayments of long-term debt and revolving credit facility (11,750) (13,750)
Payments for debt issuance costs   (712)
Payments of withholding taxes from stock-based awards (1,382) (1,508)
Capital lease payments (348) (540)
Other financing activities 118 439
Cash provided by (used in) financing activities of continuing operations (362) 60,929
Cash provided by financing activities of discontinued operations 0 0
Cash provided by (used in) financing activities (362) 60,929
Effect of exchange rates on cash and cash equivalents 154 144
Increase (decrease) in cash and cash equivalents 29,905 (15,973)
Cash and cash equivalents, beginning of period 51,146 60,980
Cash and cash equivalents, end of period 81,051 45,007
Supplemental disclosure of cash flow information:    
Cash paid for interest 2,011 1,608
Cash paid for income taxes 3,661 2,032
Income tax refunds received $ 17 $ 109