------------------- -------------------
October 2, October 3, October 2, October 3,
2009 2008 2009 2008
--------- --------- --------- ---------
Cash flows from
operating activities
Net earnings $ 1,940 $ 20,377 $ 38,620 $ 65,114
Adjustments to reconcile net
earnings to net cash provided
by operating activities:
Depreciation and amortization 6,470 8,128 26,783 29,346
Gain on disposition of
property, plant and equipment (90) (22) (230) (474)
Impairment of private company
equity investment - - - 3,018
Purchased in-process research
and development - 215 - 1,703
Share-based compensation expense 1,672 2,466 7,705 9,673
Excess tax benefit from
share-based plans (705) (894) (705) (894)
Deferred taxes (11,157) (1,251) (12,211) (1,791)
Unrealized loss (gain) on
currency remeasurement 929 (7,959) 525 (5,286)
Changes in assets and
liabilities, excluding effects
of acquisitions:
Accounts receivable, net 1,093 (22,940) 42,387 (12,205)
Inventories 12,812 11,618 24,663 (19,428)
Prepaid expenses and other
current assets 386 2,811 403 3,300
Other assets 1,531 (736) 168 (1,462)
Accounts payable 9,260 (2,293) (8,663) (1,072)
Deferred profit (1,289) 440 (2,103) (3,526)
Accrued liabilities 11,196 10,853 (3,061) 14,053
Other liabilities (490) (1,416) (1,394) (1,048)
'/>"/>SOURCE Varian, Inc. Copyright©2009 PR Newswire. All rights reserved | |
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