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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Operating Activities    
Net Income Attributable to Kadant $ 87,566 $ 88,673
Net income attributable to noncontrolling interests 891 571
Net Income 88,457 89,244
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 36,505 24,917
Stock-based compensation expense 7,926 7,243
Provision for losses on accounts receivable 893 543
Other items, net 2,834 1,803
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable (10,409) (10,676)
Contract assets (4,180) 2,465
Inventories 10,196 (1,461)
Other assets (512) 667
Accounts payable 8,695 (12,913)
Customer deposits (21,556) (1,463)
Other liabilities (15,474) 5,942
Net cash provided by operating activities 103,375 106,311
Investing Activities    
Acquisitions, net of cash acquired (Note 2) (302,024) 277
Purchases of property, plant, and equipment (15,430) (22,094)
Proceeds from sale of property, plant, and equipment 1,320 535
Other investing activities 263 1,222
Net cash used in investing activities (315,871) (20,060)
Financing Activities    
Proceeds from issuance of long-term obligations (Note 6) 305,211 0
Repayment of short- and long-term obligations (91,378) (71,868)
Tax withholding payments related to stock-based compensation (5,881) (3,915)
Dividends paid (10,914) (9,825)
Proceeds from issuance of Company common stock 1,605 0
Dividend paid to noncontrolling interest (1,346) 0
Acquisition of subsidiary shares from noncontrolling interest (Note 2) (523) 0
Other financing activities 0 (63)
Net cash provided by (used in) financing activities 196,774 (85,671)
Exchange Rate Effect on Cash, Cash Equivalents, and Restricted Cash (997) (1,252)
Decrease in Cash, Cash Equivalents, and Restricted Cash (16,719) (672)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 106,453 79,725
Cash, Cash Equivalents, and Restricted Cash at End of Period $ 89,734 $ 79,053