XML 49 R9.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 28, 2014
Dec. 29, 2013
Dec. 30, 2012
Cash flows from operating activities:      
Net earnings $ 10,953us-gaap_ProfitLoss $ (18,927)us-gaap_ProfitLoss $ (146,979)us-gaap_ProfitLoss
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation and amortization 25,150us-gaap_DepreciationDepletionAndAmortization 26,373us-gaap_DepreciationDepletionAndAmortization 30,369us-gaap_DepreciationDepletionAndAmortization
Amortization of debt issuance costs 433us-gaap_AmortizationOfFinancingCosts 2,207us-gaap_AmortizationOfFinancingCosts 2,345us-gaap_AmortizationOfFinancingCosts
Interest on financing liability 2,222ckp_InterestonFinancingLiability 2,082ckp_InterestonFinancingLiability 1,893ckp_InterestonFinancingLiability
Deferred taxes 17,373us-gaap_IncreaseDecreaseInDeferredIncomeTaxes (3,565)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes (2,930)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Stock-based compensation 5,781us-gaap_ShareBasedCompensation 6,369us-gaap_ShareBasedCompensation 4,753us-gaap_ShareBasedCompensation
Provision for losses on accounts receivable (144)ckp_IncreaseDecreaseInProvisionForDoubtfulAccounts (435)ckp_IncreaseDecreaseInProvisionForDoubtfulAccounts 3,024ckp_IncreaseDecreaseInProvisionForDoubtfulAccounts
Excess tax benefit on stock compensation (214)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (600)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (98)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Loss (gain) on disposal of fixed assets 220us-gaap_GainLossOnSaleOfPropertyPlantEquipment 564us-gaap_GainLossOnSaleOfPropertyPlantEquipment (1,326)us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Litigation settlement 2,200ckp_LitigationSettlementNoncash (6,584)ckp_LitigationSettlementNoncash 295ckp_LitigationSettlementNoncash
Asset impairment 864ckp_ImpairmentOfIntangibleAssetsExcludingGoodwillFromContinuingAndDiscontinuedOperations 4,820ckp_ImpairmentOfIntangibleAssetsExcludingGoodwillFromContinuingAndDiscontinuedOperations 1,771ckp_ImpairmentOfIntangibleAssetsExcludingGoodwillFromContinuingAndDiscontinuedOperations
Goodwill impairment 0us-gaap_GoodwillPeriodIncreaseDecrease 0us-gaap_GoodwillPeriodIncreaseDecrease 106,348us-gaap_GoodwillPeriodIncreaseDecrease
Gain on sale of subsidiary 0us-gaap_GainOrLossOnSaleOfStockInSubsidiary (248)us-gaap_GainOrLossOnSaleOfStockInSubsidiary (1,657)us-gaap_GainOrLossOnSaleOfStockInSubsidiary
Loss on sale of discontinued operations 0us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax 13,598us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax 15us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Restructuring-related asset impairment 172us-gaap_ImpairmentOfLongLivedAssetsToBeDisposedOf 1,211us-gaap_ImpairmentOfLongLivedAssetsToBeDisposedOf 6,506us-gaap_ImpairmentOfLongLivedAssetsToBeDisposedOf
Decrease (increase) in operating assets, net of the effects of acquired companies:      
Accounts receivable 26,626us-gaap_IncreaseDecreaseInAccountsReceivable 12,903us-gaap_IncreaseDecreaseInAccountsReceivable 26,317us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (14,198)us-gaap_IncreaseDecreaseInInventories (948)us-gaap_IncreaseDecreaseInInventories 37,947us-gaap_IncreaseDecreaseInInventories
Other assets 2,879us-gaap_IncreaseDecreaseInOtherOperatingAssets 4,947us-gaap_IncreaseDecreaseInOtherOperatingAssets 7,828us-gaap_IncreaseDecreaseInOtherOperatingAssets
(Decrease) increase in operating liabilities, net of the effects of acquired companies:      
Accounts payable (16,177)us-gaap_IncreaseDecreaseInAccountsPayable 1,954us-gaap_IncreaseDecreaseInAccountsPayable (2,185)us-gaap_IncreaseDecreaseInAccountsPayable
Income taxes (2,314)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (198)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (1,502)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Unearned revenues - current (667)us-gaap_IncreaseDecreaseInDeferredRevenue (6,244)us-gaap_IncreaseDecreaseInDeferredRevenue (6,923)us-gaap_IncreaseDecreaseInDeferredRevenue
Restructuring reserve (1,164)us-gaap_IncreaseDecreaseInRestructuringReserve (1,598)us-gaap_IncreaseDecreaseInRestructuringReserve (8,178)us-gaap_IncreaseDecreaseInRestructuringReserve
Other liabilities 5,547us-gaap_IncreaseDecreaseInOtherAccruedLiabilities (16,611)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities 4,732us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
Net cash provided by operating activities 65,542us-gaap_NetCashProvidedByUsedInOperatingActivities 21,070us-gaap_NetCashProvidedByUsedInOperatingActivities 62,365us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Acquisition of property, plant, and equipment and intangibles (17,971)ckp_AcquisitionOfPropertyPlantAndEquipmentAndIntangibles (8,946)ckp_AcquisitionOfPropertyPlantAndEquipmentAndIntangibles (12,401)ckp_AcquisitionOfPropertyPlantAndEquipmentAndIntangibles
Change in restricted cash 0us-gaap_IncreaseDecreaseInRestrictedCash 0us-gaap_IncreaseDecreaseInRestrictedCash 291us-gaap_IncreaseDecreaseInRestrictedCash
Proceeds from sale of real estate 0us-gaap_ProceedsFromSaleOfOtherRealEstate 0us-gaap_ProceedsFromSaleOfOtherRealEstate 4,560us-gaap_ProceedsFromSaleOfOtherRealEstate
Net cash proceeds from the sale of discontinued operations 283us-gaap_ProceedsFromDivestitureOfBusinesses 1,573us-gaap_ProceedsFromDivestitureOfBusinesses 1,180us-gaap_ProceedsFromDivestitureOfBusinesses
Net cash proceeds from the sale of subsidiary 0us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries 227us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries 2,250us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
Other investing activities 83us-gaap_PaymentsForProceedsFromOtherInvestingActivities 1,848us-gaap_PaymentsForProceedsFromOtherInvestingActivities 1,671us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (17,605)us-gaap_NetCashProvidedByUsedInInvestingActivities (5,298)us-gaap_NetCashProvidedByUsedInInvestingActivities (2,449)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Proceeds from stock issuances 1,980us-gaap_ProceedsFromIssuanceOfCommonStock 4,073us-gaap_ProceedsFromIssuanceOfCommonStock 1,653us-gaap_ProceedsFromIssuanceOfCommonStock
Excess tax benefit on stock compensation 214us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 600us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 98us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Proceeds from short-term debt 0us-gaap_ProceedsFromShortTermDebt 2,759us-gaap_ProceedsFromShortTermDebt 3,467us-gaap_ProceedsFromShortTermDebt
Payment of short-term debt 0us-gaap_RepaymentsOfShortTermDebt (2,561)us-gaap_RepaymentsOfShortTermDebt (11,869)us-gaap_RepaymentsOfShortTermDebt
Net change in factoring and overdrafts (94)ckp_NetChangeInFactoringAndBankOverdrafts (877)ckp_NetChangeInFactoringAndBankOverdrafts (8,932)ckp_NetChangeInFactoringAndBankOverdrafts
Proceeds from long-term debt 1,000us-gaap_ProceedsFromIssuanceOfLongTermDebt 99,098us-gaap_ProceedsFromIssuanceOfLongTermDebt 3,000us-gaap_ProceedsFromIssuanceOfLongTermDebt
Payment of long-term debt (27,235)us-gaap_RepaymentsOfLongTermDebt (112,664)us-gaap_RepaymentsOfLongTermDebt (20,498)us-gaap_RepaymentsOfLongTermDebt
Debt issuance costs 0us-gaap_PaymentsOfDebtIssuanceCosts (1,765)us-gaap_PaymentsOfDebtIssuanceCosts (2,085)us-gaap_PaymentsOfDebtIssuanceCosts
Net cash used in financing activities (24,135)us-gaap_NetCashProvidedByUsedInFinancingActivities (11,337)us-gaap_NetCashProvidedByUsedInFinancingActivities (35,166)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of foreign currency rate fluctuations on cash and cash equivalents (9,838)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (1,691)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 747us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase in cash and cash equivalents 13,964us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 2,744us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 25,497us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents:      
Beginning of period 121,573us-gaap_CashAndCashEquivalentsAtCarryingValue 118,829us-gaap_CashAndCashEquivalentsAtCarryingValue 93,332us-gaap_CashAndCashEquivalentsAtCarryingValue
End of period $ 135,537us-gaap_CashAndCashEquivalentsAtCarryingValue $ 121,573us-gaap_CashAndCashEquivalentsAtCarryingValue $ 118,829us-gaap_CashAndCashEquivalentsAtCarryingValue