XML 38 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 28, 2015
Mar. 29, 2014
OPERATING ACTIVITIES:    
Net income $ 664us-gaap_NetIncomeLoss $ 4,976us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,493us-gaap_DepreciationAndAmortization 1,847us-gaap_DepreciationAndAmortization
Compensation for stock options and restricted stock units 1,198us-gaap_ShareBasedCompensation 1,246us-gaap_ShareBasedCompensation
Provision for (net recovery of) bad debts 319faro_ProvisionForRecoveryOfDoubtfulAccounts (120)faro_ProvisionForRecoveryOfDoubtfulAccounts
Write-down of inventories 1,028us-gaap_InventoryWriteDown 1,661us-gaap_InventoryWriteDown
Deferred income tax expense (benefit) 2,272us-gaap_IncreaseDecreaseInDeferredIncomeTaxes (410)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Income tax benefit from exercise of stock options (292)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (58)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Decrease (increase) in:    
Accounts receivable 18,405us-gaap_IncreaseDecreaseInAccountsReceivable 1,869us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (14,221)us-gaap_IncreaseDecreaseInInventories (4,202)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets (1,562)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (539)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
(Decrease) increase in:    
Accounts payable and accrued liabilities (9,550)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (6,103)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Income taxes payable 263us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (1,619)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Customer deposits (457)us-gaap_IncreaseDecreaseInCustomerDeposits (645)us-gaap_IncreaseDecreaseInCustomerDeposits
Unearned service revenues 211us-gaap_IncreaseDecreaseInDeferredRevenue 1,274us-gaap_IncreaseDecreaseInDeferredRevenue
Net cash provided by (used in) operating activities 771us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (823)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
INVESTING ACTIVITIES:    
Purchases of property and equipment (2,436)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2,124)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Payments for intangible assets (133)us-gaap_PaymentsToAcquireIntangibleAssets (419)us-gaap_PaymentsToAcquireIntangibleAssets
Purchase of businesses acquired (12,011)us-gaap_PaymentsToAcquireBusinessesGross  
Net cash used in investing activities (14,580)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (2,543)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
FINANCING ACTIVITIES:    
Payments on capital leases (2)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations (50)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations
Income tax benefit from exercise of stock options 292us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 58us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Proceeds from issuance of stock, net 2,019us-gaap_ProceedsFromIssuanceOfCommonStock 1,619us-gaap_ProceedsFromIssuanceOfCommonStock
Net cash provided by financing activities 2,309us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 1,627us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (1,723)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (175)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
DECREASE IN CASH AND CASH EQUIVALENTS (13,223)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (1,914)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 109,289us-gaap_CashAndCashEquivalentsAtCarryingValue 124,630us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 96,066us-gaap_CashAndCashEquivalentsAtCarryingValue $ 122,716us-gaap_CashAndCashEquivalentsAtCarryingValue