XML 16 R5.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jul. 02, 2023
OPERATING ACTIVITIES:    
Net income $ 36,737 $ 15,083
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 19,344 20,146
Share-based compensation expense 6,531 5,125
Gain on disposal of property, plant and equipment, net 0 (2,541)
Deferred income taxes and other (4,805) (618)
Amortization of acquired intangible assets 2,584 2,584
Working capital changes:    
Accounts receivable (18,907) 17,770
Inventories (5,661) 19,943
Prepaid expenses and other current assets (6,332) (3,611)
Accounts payable and accrued expenses 4,667 (25,957)
Cash provided by operating activities 34,158 47,924
INVESTING ACTIVITIES:    
Capital expenditures (13,607) (11,331)
Proceeds from sale of property, plant and equipment 1,040 6,593
Insurance proceeds from property casualty loss 1,000 0
Cash used in investing activities (11,567) (4,738)
FINANCING ACTIVITIES:    
Repayments of long-term debt (46,930) (112,107)
Borrowing of long-term debt 17,334 67,000
Tax withholding payments for share-based compensation (4,754) (1,487)
Dividends paid (1,173) (1,161)
Finance lease payments (1,437) (1,308)
Cash used in financing activities (36,960) (49,063)
Net cash used in operating, investing and financing activities (14,369) (5,877)
Effect of exchange rate changes on cash (1,942) 1,248
CASH AND CASH EQUIVALENTS:    
Net decrease (16,311) (4,629)
Balance, beginning of period 110,498 97,564
Balance, end of period $ 94,187 $ 92,935