XML 25 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 28, 2015
Mar. 29, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 10,804us-gaap_ProfitLoss $ 7,668us-gaap_ProfitLoss
Adjustments to reconcile net earnings attributable to controlling interest:    
Depreciation 8,996us-gaap_Depreciation 7,691us-gaap_Depreciation
Amortization of intangibles 983us-gaap_AmortizationOfIntangibleAssets 586us-gaap_AmortizationOfIntangibleAssets
Expense associated with share-based compensation arrangements 378us-gaap_ShareBasedCompensation 495us-gaap_ShareBasedCompensation
Expense associated with stock grant plans 27ufpi_ExpenseAssociatedWithStockGrantPlans 29ufpi_ExpenseAssociatedWithStockGrantPlans
Deferred income taxes (credit) (193)us-gaap_DeferredIncomeTaxesAndTaxCredits (150)us-gaap_DeferredIncomeTaxesAndTaxCredits
Equity in earnings of investee (83)us-gaap_IncomeLossFromEquityMethodInvestments (51)us-gaap_IncomeLossFromEquityMethodInvestments
Net (gain) loss on sale or impairment of property, plant and equipment 14us-gaap_GainLossOnSaleOfPropertyPlantEquipment (602)us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Changes in:    
Accounts receivable (63,148)us-gaap_IncreaseDecreaseInAccountsReceivable (61,825)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (64,422)us-gaap_IncreaseDecreaseInInventories (23,980)us-gaap_IncreaseDecreaseInInventories
Accounts payable and cash overdraft 45,219us-gaap_IncreaseDecreaseInAccountsPayable 29,222us-gaap_IncreaseDecreaseInAccountsPayable
Accrued liabilities and other 10,880us-gaap_IncreaseDecreaseInAccruedLiabilities (2,743)us-gaap_IncreaseDecreaseInAccruedLiabilities
NET CASH FROM OPERATING ACTIVITIES (50,545)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (43,660)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (15,102)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (8,994)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of property, plant and equipment 50us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 785us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Acquisitions, net of cash received (2,585)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (4,191)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Advances of notes receivable (1,273)us-gaap_PaymentsToAcquireNotesReceivable (2,462)us-gaap_PaymentsToAcquireNotesReceivable
Collections on notes receivable 5,790us-gaap_ProceedsFromCollectionOfNotesReceivable 473us-gaap_ProceedsFromCollectionOfNotesReceivable
Cash restricted as to use (305)ufpi_CashRestrictedAsToUse 0ufpi_CashRestrictedAsToUse
Other, net (16)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (36)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
NET CASH FROM INVESTING ACTIVITIES (13,441)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (14,425)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under revolving credit facilities 140,303us-gaap_ProceedsFromLongTermLinesOfCredit 106,318us-gaap_ProceedsFromLongTermLinesOfCredit
Repayments under revolving credit facilities (52,718)us-gaap_RepaymentsOfLinesOfCredit (47,547)us-gaap_RepaymentsOfLinesOfCredit
Debt issuance costs (9)us-gaap_PaymentsOfDebtIssuanceCosts 0us-gaap_PaymentsOfDebtIssuanceCosts
Proceeds from issuance of common stock 469us-gaap_ProceedsFromIssuanceOfCommonStock 99us-gaap_ProceedsFromIssuanceOfCommonStock
Distributions to noncontrolling interest (939)us-gaap_PaymentsToMinorityShareholders (701)us-gaap_PaymentsToMinorityShareholders
Repurchase of common stock (78)us-gaap_PaymentsForRepurchaseOfCommonStock 0us-gaap_PaymentsForRepurchaseOfCommonStock
Other, net 0us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (8)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
NET CASH FROM FINANCING ACTIVITIES 87,028us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 58,161us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash (154)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (76)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
NET CHANGE IN CASH AND CASH EQUIVALENTS 22,888us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 0us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 0us-gaap_CashEquivalentsAtCarryingValue 0us-gaap_CashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS, END OF PERIOD 22,888us-gaap_CashEquivalentsAtCarryingValue 0us-gaap_CashEquivalentsAtCarryingValue
SUPPLEMENTAL INFORMATION:    
Interest paid 374us-gaap_InterestPaid 281us-gaap_InterestPaid
Income taxes paid (refunded) (9,709)us-gaap_IncomeTaxesPaidNet 1,681us-gaap_IncomeTaxesPaidNet
NON-CASH INVESTING ACTIVITIES    
Other receivables exchanged for notes receivable 0ufpi_OtherReceivablesExchangedForNotesReceivable 2,768ufpi_OtherReceivablesExchangedForNotesReceivable
Notes receivable exchanged for property 389ufpi_NotesReceivableExchangedForProperty 0ufpi_NotesReceivableExchangedForProperty
NON-CASH FINANCING ACTIVITIES:    
Common stock issued under deferred compensation plans $ 2,526us-gaap_StockIssued1 $ 1,894us-gaap_StockIssued1