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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Operating Activities    
Net Income Attributable to Kadant $ 23,207 $ 17,047
Net income attributable to noncontrolling interest 292 218
Net income 23,499 17,265
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,943 6,531
Stock-based compensation expense 3,610 2,736
Provision for losses on accounts receivable 438 84
Loss on the sale of property, plant, and equipment 54 30
Other items, net (869) 2,161
Contributions to U.S. pension plan 0 (540)
Changes in current assets and liabilities, net of effects of acquisitions:    
Accounts receivable (974) (476)
Unbilled revenues 2,228 (2,968)
Inventories (14,238) (6,147)
Other current assets (2,781) (2,652)
Accounts payable 4,039 3,363
Other current liabilities 8,622 5,989
Net cash provided by operating activities 35,571 25,376
Investing Activities    
Purchases of property, plant, and equipment (10,211) (3,435)
Proceeds from sale of property, plant, and equipment 213 50
Acquisition 0 (165)
Net cash used in investing activities (9,998) (3,550)
Financing Activities    
Repayment of debt (46,838) (11,235)
Proceeds from issuance of debt 16,000 8,000
Dividends paid (4,756) (4,388)
Tax withholding payments related to stock-based compensation (3,641) (2,206)
Proceeds from issuance of Company common stock 742 0
Payment of debt issuance costs 0 (1,147)
Other financing activities (258) (215)
Net cash used in financing activities (38,751) (11,191)
Exchange Rate Effect on Cash, Cash Equivalents, and Restricted Cash (2,516) 3,777
(Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash (15,694) 14,412
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 76,846 73,569
Cash, Cash Equivalents, and Restricted Cash at End of Period $ 61,152 $ 87,981