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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities:  
Net income$ 20,123$ 82,100
Adjustments to reconcile net income to net cash provided by operating activities:  
Non-cash operating items (Note 3)64,190(6,197)
Changes in operating assets and liabilities:  
Contracts-in-process(65,086)(66,135)
Inventories(14,953)13,506
Long-term receivables(1,557)(4,432)
Other current assets and other assets5,296(165)
Accounts payable(4,726)8,693
Accrued expenses and other current liabilities2,178(2,646)
Customer advances71,64316,012
Income taxes payable(4,091)1,110
Pension and other postretirement liabilities(15,609)(7,032)
Long-term liabilities9,4093,551
Net cash provided by operating activities66,81738,365
Investing activities:  
Capital expenditures(28,192)(40,624)
Proceeds from sale of net assets61,482 
Increase in restricted cash(11,275) 
Net cash provided by (used in) investing activities22,015(40,624)
Financing activities:  
Proceeds from the exercise of stock options4479,262
Funding of withholding taxes on employee cashless stock option exercises(16,905)(779)
Excess tax benefit associated with exercise of stock options1,095 
Net cash (used in) provided by financing activities(15,363)8,483
Increase in cash and cash equivalents73,4696,224
Cash and cash equivalents - beginning of period165,801168,205
Cash and cash equivalents - end of period$ 239,270$ 174,429