XML 39 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jul. 01, 2012
Jul. 03, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (6,247) $ (568)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 11,970 10,620
Restructuring and other exit costs 2,612 (177)
Pension and postretirement expense 11,360 9,682
Other 1,595 928
Changes in operating assets and liabilities:    
Accounts receivable 4,470 11,478
Inventories (642) (1,615)
Restructuring payments (3,646) (961)
Accounts payable and accrued expenses 1,155 (750)
Pension and postretirement contributions and payments (16,740) (15,420)
Deferred compensation payments (2,554) (430)
Other assets and liabilities (125) (1,276)
Net cash provided by operating activities 3,208 11,511
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to plant and equipment (1,239) (6,555)
Proceeds from sale of plant and equipment 64 19
Net cash used in investing activities (1,175) (6,536)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in borrowings under revolving credit facility (55) (1,328)
Principal payments on long-term debt (1,352) (721)
Proceeds from issuance of common stock 6 92
Dividends paid (1,500) (2,925)
Purchase of treasury stock (11) (58)
Net cash used in financing activities (2,912) (4,940)
Effect of exchange rate changes on cash 66 (12)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (813) 23
Cash and cash equivalents at beginning of period 1,569 531
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 756 $ 554