XML 129 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net earnings $ 130,423 $ 106,598 $ 95,221
Adjustments to reconcile net earnings to net cash used for operating activities:      
Depreciation and amortization 88,300 79,946 76,480
Net (gain) loss on sales and disposals or impairments of long-lived assets (670) 1,446 1,917
Gain on bargain purchase 0 0 1,937
Gain on divestiture 1,298    
Deferred income taxes 3,345 2,828 (6,470)
Share-based compensation 9,621 13,378 15,264
Change in operating assets and liabilities, net of businesses acquired:      
Accounts receivable, net (86,000) (60,208) 9,250
Inventories, net (23,429) 10,640 17,819
Progress payments 11,264 6,493 (8,573)
Accounts payable and accrued expenses 15,628 9,925 (30,565)
Deferred revenue 53,498 (20,913) 28,724
Income taxes 3,917 (1,122) (11,326)
Net pension and postretirement liabilities (4,234) 24,528 19,654
Other current and long-term assets 1,997 (1,829) (8,879)
Total adjustments 71,939 65,112 101,358
Net cash provided by operating activities 202,362 171,710 196,579
Cash flows from investing activities:      
Proceeds from sales and disposals of long-lived assets 2,497 744 3,789
Acquisitions of intangible assets (22) (1,608) (673)
Additions to property, plant, and equipment (84,831) (52,980) (75,643)
Acquisition of businesses, net of cash acquired (178,080) (42,200) (68,623)
Disposition of businesses 8,100    
Net cash used for investing activities (252,336) (96,044) (141,150)
Cash flows from financing activities:      
Borrowings on debt 1,302,600 513,100 711,059
Principal payments on debt (1,112,814) (581,771) (762,759)
Repurchases of company stock (8,178)    
Proceeds from exercise of stock options 11,746 10,560 10,557
Dividends paid (14,893) (14,729) (14,559)
Excess tax benefits from share-based compensation 1,343 985 378
Net cash provided by (used for) financing activities 179,804 (71,855) (55,324)
Effect of exchange-rate changes on cash (3,562) (702) 4,200
Net increase in cash and cash equivalents 126,268 3,109 4,305
Cash and cash equivalents at beginning of period 68,119 65,010 60,705
Cash and cash equivalents at end of period 194,387 68,119 65,010
Supplemental disclosure of investing activities:      
Fair value of assets acquired in current year acquisitions 204,363 49,939 81,103
Additional consideration paid on prior year acquisitions 0 1,153 1,835
Liabilities assumed from current year acquisitions (20,501) (8,206) (12,102)
Cash acquired (5,782) (686) (276)
Gain on bargain purchase 0 0 (1,937)
Acquisition of businesses, net of cash acquired $ 178,080 $ 42,200 $ 68,623