XML 27 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Dec. 31, 2016
Operating Activities      
Net Income Attributable to Kadant $ 60,413 $ 31,092 $ 32,077
Net income attributable to noncontrolling interest 633 491 392
Income from discontinued operation 0 0 (3)
Income from continuing operations 61,046 31,583 32,466
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:      
Depreciation and amortization 23,568 19,375 14,326
Stock-based compensation expense 7,027 5,803 5,069
Provision for losses on accounts receivable 355 436 453
Loss (gain) on sale of property, plant, and equipment 110 42 (350)
Deferred income tax (benefit) provision (4,240) 578 (613)
Other items, net 2,735 1,420 1,362
Contributions to U.S. pension plan 0 (1,080) (1,080)
Changes in current assets and liabilities, net of effects of acquisitions:      
Accounts receivable (7,016) (10,907) 1,003
Unbilled revenues (11,350) 1,310 3,407
Inventories (6,577) 1,163 3,553
Other current assets 3,820 (130) 753
Accounts payable 5,419 (522) (5,238)
Other current liabilities (11,912) 16,093 (4,111)
Net cash provided by continuing operations 62,985 65,164 51,000
Net cash provided by discontinued operation 0 0 3
Net cash provided by operating activities 62,985 65,164 51,003
Investing Activities      
Acquisitions, net of cash acquired (Note 2) 0 (204,731) (56,617)
Purchases of property, plant, and equipment (16,559) (17,281) (5,804)
Proceeds from sale of property, plant, and equipment 195 130 428
Net cash used in continuing operations for investing activities (16,364) (221,882) (61,993)
Financing Activities      
Proceeds from issuance of debt (Note 6) 50,055 232,019 51,046
Repayment of debt (109,642) (67,696) (18,429)
Dividends paid (9,644) (9,011) (8,038)
Tax withholding payments related to stock-based compensation (3,886) (2,206) (2,572)
Payment of debt issuance costs (Note 6) (934) (1,257) (27)
Dividend paid to noncontrolling interest (465) (882) 0
Proceeds from issuance of Company common stock 813 0 2,350
Payment of contingent consideration 0 0 (1,091)
Other financing activities (452) (491) 216
Net cash (used in) provided by continuing operations for financing activities (74,155) 150,476 23,455
Exchange Rate Effect on Cash, Cash Equivalents, and Restricted Cash from Continuing Operations (3,195) 9,519 (5,827)
Decrease in Cash from Discontinued Operation 0 0 (5)
(Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash from Continuing Operations (30,729) 3,277 6,633
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 76,846 73,569 66,936
Cash, Cash Equivalents, and Restricted Cash at End of Year $ 46,117 $ 76,846 $ 73,569