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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Operating activities    
Net earnings $ 15,333 $ 17,564
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 7,725 7,622
Gain on sale of property and equipment 28 (178)
Reclassification of foreign currency translation adjustment related to disposal of subsidiary 0 191
Share-based compensation expense 1,229 1,024
Inventory write-offs for obsolescence 1,049 866
Deferred income taxes 507 1,116
Foreign currency impacts and other items (1,557) (2,740)
Net changes in operating assets and liabilities:    
Accounts receivable (956) (3,434)
Inventories (5,697) (10,739)
Prepaid expenses and other current assets 2,726 254
Trade accounts payable (684) 14
Other current liabilities (593) (2,059)
Other non current assets and liabilities, net (292) (403)
Accrued pension and other postretirement costs, net (606) (342)
Net cash provided by operating activities 18,212 8,756
Investing activities    
Capital expenditures (6,874) (8,815)
Proceeds from sale of property and equipment 12 380
Net cash used in investing activities (6,862) (8,435)
Financing activities    
Purchase of treasury stock (420) 0
Distributions to noncontrolling interests (46) (284)
Payments of employee taxes on certain share-based arrangements (825) (435)
Net cash used in financing activities (1,291) (719)
Effect of exchange rate changes on cash and cash equivalents (100) (4,508)
Increase (decrease) in cash and cash equivalents 9,959 (4,906)
Cash and cash equivalents at beginning of period 88,562 84,335
Cash and cash equivalents at end of period 98,521 79,429
Supplemental disclosure of investing transactions:    
Capital expenditures accrued but not yet paid $ 1,118 $ 2,684