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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jul. 01, 2016
Cash flows from operating activities:    
Consolidated net income $ 44,264 $ 6,777
Income from continuing operations 44,264 6,777
Adjustments to reconcile income from continuing operations to net cash provided by operating activities of continuing operations:    
Depreciation and amortization 13,576 10,153
Provision for inventory excess and obsolescence 1,439 2,027
Share-based compensation 2,787 2,397
Deferred income taxes (2,495) (428)
Earnings from equity-method investment (104) (1,008)
Dividend from equity-method investment   2,341
Gain on acquisition of business (26,409)  
Inventory acquisition fair value adjustment 1,035  
Contingent consideration adjustments 427 1,427
Other 701 1,148
Changes in assets and liabilities which (used)/provided cash, excluding effects from businesses purchased or classified as discontinued operations:    
Accounts receivable (2,360) 587
Inventories (10,909) (1,607)
Prepaid income taxes, income taxes receivable, prepaid expenses and other current assets (2,026) (2,899)
Accounts payable, income taxes payable, accrued expenses and other current liabilities 9,411 2,683
Other non-current assets and liabilities 185 193
Cash provided by operating activities of continuing operations 29,522 23,791
Cash provided by operating activities 29,522 23,791
Cash flows from investing activities:    
Purchases of property, plant and equipment (3,117) (5,287)
Acquisition of businesses, net of cash acquired and working capital adjustments (34,798) (8,952)
Proceeds from the sale of property, plant and equipment 10 3,631
Cash used in investing activities of continuing operations (37,905) (10,608)
Cash provided by investing activities of discontinued operations   1,498
Cash used in investing activities (37,905) (9,110)
Cash flows from financing activities:    
Borrowings under revolving credit facility 42,000  
Repayments of long-term debt and revolving credit facility (8,750) (7,500)
Payments for debt issuance costs   (1,987)
Payments of contingent considerations (2,398)  
Repurchase of common stock (370) (1,349)
Payments of withholding taxes from stock-based awards (1,794) (1,383)
Capital lease payments (400) (718)
Cash provided by (used in) financing activities of continuing operations 28,288 (12,937)
Cash provided by (used in) financing activities of discontinued operations 0 0
Cash provided by (used in) financing activities 28,288 (12,937)
Effect of exchange rates on cash and cash equivalents 1,113 (1,206)
Increase in cash and cash equivalents 21,018 538
Cash and cash equivalents, beginning of period 68,108 59,959
Cash and cash equivalents, end of period 89,126 60,497
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,857 1,563
Cash paid for income taxes 9,750 7,976
Income tax refunds received $ 185 $ 359