XML 19 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 29, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Consolidated net income $ 52,630 $ 14,247
Income from continuing operations 52,630 14,247
Adjustments to reconcile income from continuing operations to net cash provided by operating activities of continuing operations:    
Depreciation and amortization 22,440 15,317
Provision for inventory excess and obsolescence 1,837 2,387
Share-based compensation 4,223 3,385
Deferred income taxes (2,913) 162
Earnings from equity-method investment (104) (1,698)
Gain on sale of fixed assets 21 (1,736)
Dividend from equity-method investment   2,341
Gain on acquisition of business (26,409)  
Inventory acquisition fair value adjustment 4,754 173
Contingent consideration adjustments 425 1,427
Other 851 1,417
Changes in assets and liabilities which (used)/provided cash, excluding effects from businesses purchased or classified as discontinued operations:    
Accounts receivable (3,859) (3,683)
Inventories (11,806) (1,470)
Prepaid income taxes, income taxes receivable, prepaid expenses and other current assets (5,806) (3,594)
Accounts payable, income taxes payable, accrued expenses and other current liabilities 5,975 6,110
Other non-current assets and liabilities (972) (78)
Cash provided by operating activities of continuing operations 41,287 34,707
Cash provided by operating activities 41,287 34,707
Cash flows from investing activities:    
Purchases of property, plant and equipment (6,502) (7,005)
Acquisition of businesses, net of cash acquired and working capital adjustments (168,332) (8,952)
Proceeds from the sale of property, plant and equipment 44 7,037
Cash used in investing activities of continuing operations (174,790) (8,920)
Cash provided by investing activities of discontinued operations   1,498
Cash used in investing activities (174,790) (7,422)
Cash flows from financing activities:    
Borrowings under revolving credit facility 176,769  
Repayments of long-term debt and revolving credit facility (15,625) (14,375)
Payments for debt issuance costs (638) (2,496)
Payments of contingent considerations (2,546)  
Repurchase of common stock (370) (1,634)
Payments of withholding taxes from stock-based awards (1,846) (1,719)
Capital lease payments (646) (905)
Other financing activities   (1)
Cash provided by (used in) financing activities of continuing operations 155,098 (21,130)
Cash provided by (used in) financing activities of discontinued operations 0 0
Cash provided by (used in) financing activities 155,098 (21,130)
Effect of exchange rates on cash and cash equivalents 2,446 (1,375)
Increase in cash and cash equivalents 24,041 4,780
Cash and cash equivalents, beginning of period 68,108 59,959
Cash and cash equivalents, end of period 92,149 64,739
Supplemental disclosure of cash flow information:    
Cash paid for interest 3,512 2,167
Cash paid for income taxes 18,053 10,870
Income tax refunds received $ 185 $ 359