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Condensed Consolidated Statements of Cash Flows
$ in Thousands
9 Months Ended
Sep. 28, 2018
USD ($)
Sep. 29, 2017
USD ($)
Cash flows from operating activities:    
Net income including noncontrolling interests $ 37,261 $ 54,236
Adjustments to reconcile net income to net cash provided by operating activities (excluding assets acquired and liabilities assumed):    
Depreciation and amortization 5,801 3,895
Amortization of finite-lived intangibles 4,607 3,693
Amortization of debt issuance costs 322 115
Stock-based compensation 7,133 5,059
Change in the fair value of financial instruments (499) (278)
Loss on the disposal of assets and business 1,352 72
Changes in assets and liabilities:    
Accounts receivable 13,730 (32,387)
Inventories 37,816 (60,484)
Prepaid expenses and other (6,292) (4,386)
Deferred income taxes 68 (224)
Other non-current assets (297) (486)
Accounts payable (86,699) 57,695
Accrued compensation and related benefits 5,332 4,514
Income taxes payable (3,969) 4,614
Other liabilities (335) 1,978
Net cash provided by operating activities 15,331 37,626
Cash flows from investing activities:    
Purchases of property and equipment (15,526) (12,534)
Acquisition of QGT, net of cash acquired (290,462)  
Net cash used for investing activities (305,988) (12,534)
Cash flows from financing activities:    
Proceeds from bank borrowings 382,184 8,172
Proceeds from issuance of common stock 94,471 1,689
Principal payments on bank borrowings (78,608) (19,228)
Debt issuance costs paid (12,118)  
Employees’ taxes paid upon vesting of restricted stock units (2,945) (2,369)
Net cash provided by (used for) financing activities 382,984 (11,736)
Effect of exchange rate changes on cash and cash equivalents (293) 118
Net increase in cash and cash equivalents 92,034 13,474
Cash and cash equivalents at beginning of period 68,306 52,465
Cash and cash equivalents at end of period 160,340 65,939
Supplemental cash flow information:    
Income taxes paid 13,594 6,860
Income tax refunds 39 25
Interest paid 2,951 3,409
Non-cash investing and financing activities:    
Property and equipment purchased included in accounts payable 1,767 $ 1,514
Impairment loss due to a facility fire 5,226  
Sale of a business unit 291  
Fair value of earn-out payments related to QGT acquisition $ 4,163