XML 16 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Apr. 03, 2016
Apr. 05, 2015
OPERATING ACTIVITIES:    
Net income $ 12,894,000 $ 12,322,000
Adjustments to reconcile income to cash provided by (used in) operating activities:    
Depreciation and amortization 7,517,000 7,789,000
Stock compensation amortization expense 1,258,000 4,472,000
Deferred income taxes and other 1,946,000 4,399,000
Working capital changes:    
Accounts receivable 13,242,000 29,901,000
Inventories (9,387,000) (22,391,000)
Prepaid expenses and current assets (63,000) (5,029,000)
Accounts payable and accrued expenses (31,703,000) (9,374,000)
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (4,296,000) 22,089,000
INVESTING ACTIVITIES:    
Capital expenditures (4,461,000) (4,574,000)
Other (270,000) 38,000
CASH USED IN INVESTING ACTIVITIES (4,731,000) (4,536,000)
FINANCING ACTIVITIES:    
Repayments of long-term debt 0 (3,000,000)
Borrowing of long-term debt 17,667,000 0
Proceeds from issuance of common stock 0 157,000
Dividends paid (3,273,000) (2,656,000)
Repurchase of common stock (75,000) (4,857,000)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES: 14,319,000 (10,356,000)
Net cash provided by operating, investing and financing activities 5,292,000 7,197,000
Effect of exchange rate changes on cash 2,224,000 (3,091,000)
CASH AND CASH EQUIVALENTS:    
Net change during the period 7,516,000 4,106,000
Balance at beginning of period 75,696,000 54,896,000
Balance at end of period $ 83,212,000 $ 59,002,000