XML 32 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Cash Flows (USD $)
In Thousands
3 Months Ended
Jul. 02, 2011
Jul. 03, 2010
Operating Activities    
Net income $ 9,623 $ 13,144
Adjustments to reconcile net income to net cash provided by (used for) operating activities    
Intangibles amortization and depreciation 4,479 4,686
Loss (gain) on sale of property (17) (17)
Deferred taxes 2,701 2,263
Stock compensation expense 3,372 3,002
Change in fair value of interest-rate swaps (912) (532)
Changes in operating assets and liabilities (net of acquisitions)    
Accounts receivable, net 7,513 (6,774)
Inventories, net (6,582) (2,103)
Costs/estimated earnings in excess of billings on uncompleted contracts (3,146) (14,111)
All other assets (621) (2,668)
Billings in excess of costs/estimated earnings on uncompleted contracts 1,842 4,372
All other liabilities (4,650) (14)
Net cash provided by (used for) operating activities 13,602 1,248
Investing Activities    
Capital expenditures (2,036) (940)
Capital disposals 18 44
Acquisition of businesses (payments)/recoveries 0 0
Prior merger-related (payments)/recoveries (334) (1,683)
Net cash provided by (used for) investing activities (2,352) (2,579)
Financing Activities    
Proceeds from borrowings 52,429 48,465
Repayment of borrowings (60,588) (49,367)
Deferred Financing Costs 0 0
Purchase of treasury stock (1,521) (482)
Proceeds from the exercise of stock options 0 78
Payment of dividends (1,075) (1,053)
Net cash provided by (used for) financing activities (10,755) (2,359)
Foreign currency exchange impact on cash 484 (240)
Increase / (decrease) in cash and cash equivalents 979 (3,930)
Cash and cash equivalents at beginning of period 31,212 [1] 20,885
Cash and cash equivalents at end of period 32,191 16,955
Supplemental Cash Flow    
Cash paid for interest 1,945 2,236
Cash paid for income taxes 4,129 4,621
Non-cash financing activities    
Dividends payable 1,262 1,056
Capital leases $ 0 $ 56
[1] Derived from audited financial statements