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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Consolidated net income $ 24,462 $ 44,264
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 18,187 13,576
Provision for inventory excess and obsolescence 1,165 1,439
Share-based compensation 3,780 2,787
Deferred income taxes (1,221) (2,495)
Earnings from equity-method investment   (104)
Gain on acquisition of business   (26,409)
Inventory acquisition fair value adjustment   1,035
Other 278 1,128
Changes in assets and liabilities which (used)/provided cash, excluding effects from businesses acquired:    
Accounts receivable 6,526 (2,360)
Inventories (6,544) (10,909)
Prepaid income taxes, income taxes receivable, prepaid expenses and other current assets (619) (2,026)
Accounts payable, income taxes payable, accrued expenses and other current liabilities (5,094) 9,411
Other non-current assets and liabilities (555) 185
Cash provided by operating activities 40,365 29,522
Cash flows from investing activities:    
Purchases of property, plant and equipment (7,259) (3,117)
Acquisition of businesses, net of cash acquired and working capital adjustments (27,445) (34,798)
Other investing activities 72 10
Cash used in investing activities (34,632) (37,905)
Cash flows from financing activities:    
Borrowings under revolving credit facility 30,272 42,000
Repayments of long-term debt and revolving credit facility (21,832) (8,750)
Payments of contingent considerations   (2,398)
Repurchase of common stock (1,929) (370)
Payments of withholding taxes from stock-based awards (3,367) (1,794)
Capital lease payments (284) (400)
Other financing activities (148)  
Cash provided by financing activities 2,712 28,288
Effect of exchange rates on cash and cash equivalents (1,241) 1,113
Increase in cash and cash equivalents 7,204 21,018
Cash and cash equivalents, beginning of period 100,057 68,108
Cash and cash equivalents, end of period 107,261 89,126
Supplemental disclosure of cash flow information:    
Cash paid for interest 4,424 1,857
Cash paid for income taxes 12,041 9,750
Income tax refunds received $ 599 $ 185