XML 24 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Operating activities    
Net income before attribution to noncontrolling interests $ 36,707 $ 38,380
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for uncollectible accounts and notes receivable 631 936
Depreciation and amortization 20,177 19,019
Deferred income taxes 6,424 6,298
Stock-based compensation expense 4,985 3,612
Excess tax benefit on equity awards (9,488) (7,890)
Other 2,239 2,270
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 1,682 3,400
Income taxes receivable (1,281)  
Inventories 3,474 (7,295)
Prepaid expenses 999 180
Other current assets 293 (152)
Other assets and liabilities (773) (17)
Accounts payable (3,877) (1,934)
Income and other taxes payable 72 1,423
Accrued expenses and other current liabilities 15,495 (3,970)
Deferred revenue 223 305
Net cash provided by operating activities 77,982 54,565
Investing activities    
Purchases of property and equipment (16,501) (26,239)
Loans issued (1,571) (2,642)
Repayments of loans issued 2,787 1,880
Acquisitions, net of cash acquired (491) (3,179)
Other 348 3
Net cash used in investing activities (15,428) (30,177)
Financing activities    
Net proceeds on line of credit facility 3,549 52,100
Cash dividends paid (11,083) (10,404)
Excess tax benefit on equity awards 9,488 7,890
Tax payments for equity award issuances (10,654) (7,498)
Proceeds from exercise of stock options 3,915 3,361
Acquisition of Company common stock (52,083) (63,304)
Contributions from noncontrolling interest holders 683 100
Distributions to noncontrolling interest holders (4,350) (600)
Other 319 293
Net cash used in financing activities (60,216) (18,062)
Effect of exchange rate changes on cash and cash equivalents (13) (25)
Change in cash and cash equivalents 2,325 6,301
Cash and cash equivalents at beginning of year 20,122 13,670
Cash and cash equivalents at end of year $ 22,447 $ 19,971