Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (unaudited)

v3.5.0.2
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jul. 02, 2016
Jun. 27, 2015
Cash flows from operating activities:    
Net income $ 15,198 $ 19,625
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,034 4,572
(Gain)Loss on disposal of assets 316 94
Deferred Income Tax Expense (Benefit) (131) 98
Allowance for doubtful accounts 34 (29)
Stock-based compensation expense 2,884 1,959
(Increase) decrease in:    
Accounts receivable (6,254) (1,992)
Inventories 737 1,668
Income taxes receivable 123 0
Other current assets 249 (37)
Other assets (55) 373
Increase (decrease) in:    
Accounts payable 1,035 765
Accrued expenses and other liabilities 1,399 1,050
Income taxes payable 1,634 327
Other noncurrent liabilities (260) (3)
Net cash provided by operating activities 21,943 28,470
Cash flows from investing activities:    
Payments to Acquire Intangible Assets (850) (575)
Capital expenditures (2,557) (3,079)
Proceeds from Sale of Productive Assets 2 0
Purchases of short-term investments (9,637) (12,025)
Proceeds from sale of short-term investments 15,803 10,611
Net cash provided by (used in) investing activities 2,761 (5,068)
Cash flows from financing activities:    
Proceeds from stock issued 418 550
Dividends to shareholders (5,900) (7,194)
Change in restricted cash 4 3
Net cash used in financing activities (5,478) (6,641)
Effect of exchange rate changes on cash and cash equivalents (1,529) (1,937)
Net increase (decrease) in cash and cash equivalents 17,697 14,824
Cash and cash equivalents, beginning of period 81,932 56,843
Cash and cash equivalents, end of period 99,629 71,667
Cash paid:    
Income taxes 5,582 9,369
Supplemental disclosure of noncash transactions:    
Common stock issued for shared distribution through accrued expenses and other liabilities $ 1,679 $ 3,535