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Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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Mar. 28, 2015
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Mar. 29, 2014
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| Cash flows from operating activities: | ||
| Net income | $ 10,377us-gaap_NetIncomeLoss | $ 11,385us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 2,287us-gaap_DepreciationDepletionAndAmortization | 2,074us-gaap_DepreciationDepletionAndAmortization |
| (Gain)Loss on disposal of assets | 31us-gaap_GainLossOnDispositionOfAssets | 44us-gaap_GainLossOnDispositionOfAssets |
| Deferred Income Tax Expense (Benefit) | (8)us-gaap_DeferredIncomeTaxExpenseBenefit | 4us-gaap_DeferredIncomeTaxExpenseBenefit |
| Allowance for doubtful accounts | (33)us-gaap_ProvisionForDoubtfulAccounts | (17)us-gaap_ProvisionForDoubtfulAccounts |
| Stock-based compensation expense | 958us-gaap_ShareBasedCompensation | 936us-gaap_ShareBasedCompensation |
| (Increase) decrease in, net of assets acquired: | ||
| Accounts receivable | (2,971)us-gaap_IncreaseDecreaseInAccountsReceivable | (6,626)us-gaap_IncreaseDecreaseInAccountsReceivable |
| Inventories | 617us-gaap_IncreaseDecreaseInInventories | (612)us-gaap_IncreaseDecreaseInInventories |
| Income taxes receivable | 0us-gaap_IncreaseDecreaseInIncomeTaxesReceivable | 954us-gaap_IncreaseDecreaseInIncomeTaxesReceivable |
| Other current assets | 58us-gaap_IncreaseDecreaseInOtherCurrentAssets | (1,206)us-gaap_IncreaseDecreaseInOtherCurrentAssets |
| Other assets | 138us-gaap_IncreaseDecreaseInOtherOperatingAssets | 111us-gaap_IncreaseDecreaseInOtherOperatingAssets |
| Increase (decrease) in, net of liabilities assumed: | ||
| Accounts payable | 1,593us-gaap_IncreaseDecreaseInAccountsPayable | 2,015us-gaap_IncreaseDecreaseInAccountsPayable |
| Accrued expenses and other liabilities | (554)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities | 731us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities |
| Income taxes payable | 1,467us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable | 293us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable |
| Other noncurrent liabilities | 0us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | (2)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities |
| Net cash provided by operating activities | 13,960us-gaap_NetCashProvidedByUsedInOperatingActivities | 10,084us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Cash flows from investing activities: | ||
| Payments to Acquire Intangible Assets | (575)us-gaap_PaymentsToAcquireIntangibleAssets | 0us-gaap_PaymentsToAcquireIntangibleAssets |
| Capital expenditures | (1,335)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (1,959)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Purchases of short-term investments | (5,989)us-gaap_PaymentsToAcquireMarketableSecurities | (11,066)us-gaap_PaymentsToAcquireMarketableSecurities |
| Proceeds from sale of short-term investments | 5,404us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities | 7,833us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities |
| Net cash used in investing activities | (2,495)us-gaap_NetCashProvidedByUsedInInvestingActivities | (5,192)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Cash flows from financing activities: | ||
| Proceeds from stock issued | 333us-gaap_ProceedsFromStockOptionsExercised | 185us-gaap_ProceedsFromStockOptionsExercised |
| Dividends to shareholders | (2,392)us-gaap_PaymentsOfDividendsCommonStock | (4,750)us-gaap_PaymentsOfDividendsCommonStock |
| Change in restricted cash | 3us-gaap_IncreaseDecreaseInRestrictedCash | 3us-gaap_IncreaseDecreaseInRestrictedCash |
| Net cash used in financing activities | (2,056)us-gaap_NetCashProvidedByUsedInFinancingActivities | (4,562)us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Effect of exchange rate changes on cash and cash equivalents | (3,806)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | (168)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
| Net increase (decrease) in cash and cash equivalents | 5,603us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 162us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents, beginning of period | 56,843us-gaap_CashAndCashEquivalentsAtCarryingValue | 54,912us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents, end of period | 62,446us-gaap_CashAndCashEquivalentsAtCarryingValue | 55,074us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash paid: | ||
| Income taxes | 3,470us-gaap_IncomeTaxesPaid | 4,311us-gaap_IncomeTaxesPaid |
| Supplemental disclosure of noncash transactions: | ||
| Common stock issued for shared distribution through accrued expenses and other liabilities | $ 3,217us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan | $ 2,982us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan |
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of accrued expenses and other operating obligations not separately disclosed in the statement of cash flows. No definition available.
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- Definition
The increase (decrease) during the reporting period in income taxes receivable, which represents the amount due from tax authorities for refunds of overpayments or recoveries of income taxes paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in other current operating assets not separately disclosed in the statement of cash flows. No definition available.
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Cash outflow for purchase of trading, available-for-sale securities and held-to-maturity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the aggregate amount received by the entity through sale or maturity of marketable securities (held-to-maturity or available-for-sale) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Aggregate value of stock issued during the period as a result of employee stock ownership plan (ESOP). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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