XML 45 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Jun. 28, 2014
Jun. 29, 2013
Operating Activities    
Net income (loss) $ 3,943 $ 6,905
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities    
Intangibles amortization 2,650 3,309
Depreciation expense 1,718 1,375
Loss (gain) on sale of property (3) 3
Deferred taxes 2,415 2,124
Stock compensation expense 2,312 2,446
Change in fair value of interest-rate swaps (249) (457)
Joint venture investment loss 0 0
Changes in operating assets and liabilities (net of acquisitions)    
Accounts receivable, net (14,492) 7,530
Inventories, net (1,401) 1,026
Costs/estimated earnings in excess of billings on uncompleted contracts 1,740 4,284
All other assets 2,812 (147)
Billings in excess of costs/estimated earnings on uncompleted contracts 886 2,404
Accounts payable 5,214 (2,565)
All other liabilities (13,427) (7,698)
Net cash provided by (used for) operating activities (5,882) 20,539
Investing Activities    
Capital expenditures (1,909) (2,003)
Capital disposals 3 0
Prior merger-related (payments)/recoveries (8) (2)
Net cash provided by (used for) investing activities (1,914) (2,005)
Financing Activities    
Proceeds (repayments) from long-term debt 10,076 (9,412)
Proceeds (repayments) from short-term debt 759 (105)
Purchase of treasury stock (3,936) (6,763)
Proceeds from the exercise of stock options 0 0
Payment of dividends (1,400) (1,291)
Increase (decrease) in cash overdrafts (195) (46)
Net cash provided by (used for) financing activities 5,304 (17,617)
Foreign currency exchange impact on cash (550) (62)
Increase/(decrease) in cash and cash equivalents (3,042) 855
Cash and cash equivalents at beginning of period 30,810 30,720
Cash and cash equivalents at end of period 27,768 31,575
Supplemental cash flow    
Cash paid for interest 1,366 1,370
Cash paid for income taxes 3,026 3,498
Non-cash financing activities    
Dividends payable 1,554 1,445
Capital leases $ 87 $ 33