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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2018
Sep. 29, 2017
Cash flows from operating activities:    
Consolidated net income $ 39,451 $ 52,630
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 27,386 22,440
Provision for inventory excess and obsolescence 1,765 1,837
Share-based compensation 5,475 4,223
Deferred income taxes (3,309) (2,913)
Earnings from equity-method investment   (104)
Gain on acquisition of business   (26,409)
Inventory acquisition fair value adjustment   4,754
Other 510 1,297
Changes in assets and liabilities which (used)/provided cash, excluding effects from business acquisitions:    
Accounts receivable (5,747) (3,859)
Inventories (9,041) (11,806)
Prepaid income taxes, income taxes receivable, prepaid expenses and other current assets 1,234 (5,806)
Accounts payable, income taxes payable, accrued expenses and other current liabilities 10,101 5,975
Other non-current assets and liabilities (105) (972)
Cash provided by operating activities 67,720 41,287
Cash flows from investing activities:    
Purchases of property, plant and equipment (11,645) (6,502)
Acquisition of businesses, net of cash acquired and working capital adjustments (29,600) (168,332)
Acquisition of assets (1,225)  
Other investing activities 213 44
Cash used in investing activities (42,257) (174,790)
Cash flows from financing activities:    
Borrowings under revolving credit facility 55,253 176,769
Repayments of long-term debt and revolving credit facility (29,059) (15,625)
Payments of debt issuance costs   (638)
Payments of contingent considerations   (2,546)
Repurchase of common stock (3,765) (370)
Payments of withholding taxes from stock-based awards (3,483) (1,846)
Capital lease payments (420) (646)
Acquisition of noncontrolling interest (30,800)  
Cash provided by (used in) financing activities (12,274) 155,098
Effect of exchange rates on cash and cash equivalents (1,432) 2,446
Increase in cash and cash equivalents 11,757 24,041
Cash and cash equivalents, beginning of period 100,057 68,108
Cash and cash equivalents, end of period 111,814 92,149
Supplemental disclosure of cash flow information:    
Cash paid for interest 6,716 3,512
Cash paid for income taxes 15,173 18,053
Income tax refunds received $ 2,245 $ 185