v3.25.4
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Operating Activities      
Net income attributable to Kadant $ 101,969 $ 111,598 $ 116,069
Net income attributable to noncontrolling interests 1,712 956 737
Net income 103,681 112,554 116,806
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 51,219 49,587 33,297
Stock-based compensation expense 11,242 10,639 9,765
Provision for losses on accounts receivable 737 721 531
Other income (Note 8) 0 0 (841)
Other non-cash costs (Note 8) 287 658 36
Deferred income tax provision (benefit) 2,448 1,232 (1,949)
Other items, net 8,028 7,169 4,612
Changes in assets and liabilities, net of effects of acquisitions:      
Accounts receivable 13,501 (2,833) (1,694)
Contract assets 12,244 (6,999) 6,450
Inventories (12,919) 23,951 14,085
Other assets 1,970 (1,088) 4,165
Accounts payable (7,241) 10,577 (19,896)
Customer deposits 9,350 (29,751) (9,011)
Other liabilities (23,219) (21,152) 9,189
Net cash provided by operating activities 171,328 155,265 165,545
Investing Activities      
Acquisitions, net of cash acquired (Note 2) (189,983) (300,335) (905)
Purchases of property, plant, and equipment (17,048) (21,005) (31,850)
Proceeds from sale of property, plant, and equipment 250 1,289 1,637
Other investing activities 1,363 914 328
Net cash used in investing activities (205,418) (319,137) (30,790)
Financing Activities      
Proceeds from issuance of long-term obligations (Note 6) 199,033 305,211 0
Repayment of short- and long-term obligations (123,381) (124,480) (93,965)
Dividends paid (15,775) (14,672) (13,223)
Proceeds from issuance of Company common stock 4,573 1,605 0
Tax withholding payments related to stock-based compensation (6,099) (5,881) (3,915)
Dividends paid to noncontrolling interests (1,698) (1,346) 0
Acquisition of subsidiary shares from noncontrolling interest (Note 2) 0 (523) 0
Payment of debt issuance costs (2,641) 0 (8)
Net cash provided by (used in) financing activities 54,012 159,914 (111,111)
Exchange Rate Effect on Cash, Cash Equivalents, and Restricted Cash 6,813 (6,549) 3,084
Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 26,735 (10,507) 26,728
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 95,946 106,453 79,725
Cash, Cash Equivalents, and Restricted Cash at End of Year $ 122,681 $ 95,946 $ 106,453