Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (unaudited)

v3.4.0.3
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Apr. 02, 2016
Mar. 28, 2015
Cash flows from operating activities:    
Net income $ 8,208 $ 10,377
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,527 2,287
(Gain)Loss on disposal of assets 10 31
Deferred Income Tax Expense (Benefit) (10) (8)
Allowance for doubtful accounts 5 (33)
Stock-based compensation expense 1,425 958
(Increase) decrease in:    
Accounts receivable (5,954) (2,971)
Inventories 320 617
Income taxes receivable 123 0
Other current assets (1,112) 58
Other assets 86 138
Increase (decrease) in:    
Accounts payable 1,439 1,593
Accrued expenses and other liabilities 2,032 (554)
Income taxes payable 1,652 1,467
Other noncurrent liabilities (260) 0
Net cash provided by operating activities 10,491 13,960
Cash flows from investing activities:    
Payments to Acquire Intangible Assets (850) (575)
Capital expenditures (999) (1,335)
Proceeds from Sale of Productive Assets 2 0
Purchases of short-term investments (4,278) (5,989)
Proceeds from sale of short-term investments 6,429 5,404
Net cash provided by (used in) investing activities 304 (2,495)
Cash flows from financing activities:    
Proceeds from stock issued 213 333
Dividends to shareholders (3,482) (2,392)
Change in restricted cash 1 3
Net cash used in financing activities (3,268) (2,056)
Effect of exchange rate changes on cash and cash equivalents 442 (3,806)
Net increase (decrease) in cash and cash equivalents 7,969 5,603
Cash and cash equivalents, beginning of period 81,932  
Cash and cash equivalents, end of period 89,901  
Cash paid:    
Income taxes 1,397 3,470
Supplemental disclosure of noncash transactions:    
Common stock issued for shared distribution through accrued expenses and other liabilities $ 1,600 $ 3,217