XML 63 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 29, 2014
Jun. 30, 2013
Cash Flows from Operating Activities    
Net income $ 18,433 $ 17,805
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 29,245 28,889
Amortization of intangibles 198 166
Deferred income taxes 505 576
Gain on sale of property, plant and equipment (38) (763)
Amortization of debt costs 958 971
Amortization of deferred gain related to terminated interest rate agreements (279) (273)
Stock compensation expense 1,491 1,223
Increase in current assets less current liabilities (exclusive of acquisition) (30,876) (19,542)
Increase in other noncurrent assets (exclusive of acquisition) (2,744) (4,890)
Increase (decrease) in other noncurrent liabilities (exclusive of acquisition) (5,135) 872
Other (1) 15
Total adjustments (6,676) 7,244
Net cash provided by operating activities 11,757 25,049
Cash Flows from Investing Activities    
Additions to property, plant and equipment (37,034) (33,140)
Proceeds from the sale of property, plant and equipment 1,061 5,669
Acquisition of new territories, net of cash acquired (12,163) 0
Net cash used in investing activities (48,136) (27,471)
Cash Flows from Financing Activities    
Borrowings under revolving credit facility 75,000 55,000
Payment on revolving credit facility (20,000) (30,000)
Cash dividends paid (4,631) (4,620)
Excess tax expense from stock-based compensation 176 0
Principal payments on capital lease obligations (2,925) (2,572)
Other (128) (60)
Net cash provided by financing activities 47,492 17,748
Net increase in cash 11,113 15,326
Cash at beginning of period 11,761 10,399
Cash at end of period 22,874 25,725
Significant non-cash investing and financing activities:    
Issuance of Class B Common Stock in connection with stock award 1,763 1,298
Capital lease obligations incurred 0 455
Additions to property, plant and equipment accrued and recorded in accounts payable, trade $ 2,882 $ 2,522