Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (unaudited)

v3.3.0.814
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 26, 2015
Sep. 27, 2014
Cash flows from operating activities:    
Net income $ 28,035 $ 33,449
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,054 6,428
(Gain)Loss on disposal of assets (1,086) 155
Deferred Income Tax Expense (Benefit) 100 53
Allowance for doubtful accounts (14) 29
Stock-based compensation expense 2,975 2,744
(Increase) decrease in, net of assets acquired:    
Accounts receivable 641 (2,850)
Inventories 2,341 204
Income taxes receivable 0 954
Other current assets (48) (1,185)
Other assets 435 146
Increase (decrease) in, net of liabilities assumed:    
Accounts payable 156 1,289
Accrued expenses and other liabilities 914 2,949
Income taxes payable (443) 2,329
Other noncurrent liabilities (20) 3
Net cash provided by operating activities 41,040 46,697
Cash flows from investing activities:    
Payments to Acquire Intangible Assets (1,425) 0
Capital expenditures (4,697) (6,953)
Proceeds from Sale of Productive Assets 1,645 6
Purchases of short-term investments (20,666) (42,788)
Proceeds from sale of short-term investments 17,459 25,396
Net cash used in investing activities (7,684) (24,339)
Cash flows from financing activities:    
Proceeds from stock issued 772 623
Dividends to shareholders (9,596) (9,509)
Change in restricted cash 21 (3)
Net cash used in financing activities (8,803) (8,889)
Effect of exchange rate changes on cash and cash equivalents (4,781) (2,286)
Net increase (decrease) in cash and cash equivalents 19,772 11,183
Cash and cash equivalents, beginning of period 56,843 54,912
Cash and cash equivalents, end of period 76,615  
Cash paid:    
Income taxes 14,575 13,818
Supplemental disclosure of noncash transactions:    
Common stock issued for shared distribution through accrued expenses and other liabilities $ 3,535 $ 3,226