Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (unaudited)

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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 27, 2015
Jun. 28, 2014
Cash flows from operating activities:    
Net income $ 19,625 $ 23,571
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,572 4,212
(Gain)Loss on disposal of assets 94 134
Deferred Income Tax Expense (Benefit) 98 50
Allowance for doubtful accounts (29) 0
Stock-based compensation expense 1,959 1,853
(Increase) decrease in, net of assets acquired:    
Accounts receivable (1,992) (5,682)
Inventories 1,668 (856)
Income taxes receivable 0 954
Other current assets (37) (1,601)
Other assets 373 (99)
Increase (decrease) in, net of liabilities assumed:    
Accounts payable 765 1,346
Accrued expenses and other liabilities 1,050 2,752
Income taxes payable 327 21
Other noncurrent liabilities (3) 17
Net cash provided by operating activities 28,470 26,672
Cash flows from investing activities:    
Payments to Acquire Intangible Assets (575) 0
Capital expenditures (3,079) (5,057)
Purchases of short-term investments (12,025) (18,990)
Proceeds from sale of short-term investments 10,611 19,149
Net cash used in investing activities (5,068) (4,898)
Cash flows from financing activities:    
Proceeds from stock issued 550 409
Dividends to shareholders (7,194) (7,129)
Change in restricted cash 3 (20)
Net cash used in financing activities (6,641) (6,740)
Effect of exchange rate changes on cash and cash equivalents (1,937) 2,193
Net increase (decrease) in cash and cash equivalents 14,824 17,227
Cash and cash equivalents, beginning of period 56,843 54,912
Cash and cash equivalents, end of period 71,667 72,139
Cash paid:    
Income taxes 9,369 10,775
Supplemental disclosure of noncash transactions:    
Common stock issued for shared distribution through accrued expenses and other liabilities $ 3,535 $ 3,226