XML 25 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Apr. 01, 2012
Apr. 03, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,979,000 $ 30,814,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,411,000 4,017,000
Undistributed (earnings) loss of joint venture 303,000 (182,000)
Stock compensation 3,358,000 2,426,000
Foreign exchange loss 2,318,000 1,887,000
Net loss on disposal of property and equipment 112,000 294,000
Deferred income taxes (934,000) 500,000
Changes in operating assets and liabilities:    
Accounts receivable, net 30,234,000 46,475,000
Inventories 4,186,000 (25,996,000)
Prepaid expenses and other current assets 1,335,000 1,997,000
Accounts payable (33,079,000) (52,392,000)
Income tax payable 2,302,000 16,139,000
Other accrued expenses (1,450,000) (6,315,000)
Other liabilities 3,499,000 1,855,000
Net cash provided by operating activities 22,574,000 21,519,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property & equipment (9,359,000) (10,699,000)
Other assets 769,000 (172,000)
Net cash used in investing activities (8,590,000) (10,871,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of debt issuance costs   (1,908,000)
Repurchases of common stock   (5,213,000)
Issuance of common stock 12,000 370,000
Cash paid to satisfy nonvested share related employee tax withholding obligations (294,000) (527,000)
Dividends paid   (591,000)
Net cash used in financing activities (282,000) (7,869,000)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 5,413,000 12,884,000
INCREASE IN CASH AND CASH EQUIVALENTS 19,115,000 15,663,000
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 204,881,000 227,907,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 223,996,000 243,570,000
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 7,000 467,000
Income taxes 3,327,000 564,000
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Equity in earnings (loss) of joint venture (303,000) 182,000
Additional property and equipment purchased but not yet paid $ 2,000,000 $ 2,000,000