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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net earnings $ 30,851 $ 16,583
Adjustments to reconcile net earnings to cash provided by operating activities:    
Depreciation and amortization 11,318 10,248
Provision for (recovery of) losses on receivables 37 (177)
LIFO expense 2,682 437
Deferred income tax benefit (997) (778)
Excess tax benefit from share-based compensation (2,458) (584)
Share-based compensation expense 2,873 1,924
Pension expense 4,660 3,930
Postretirement obligation 257 199
Loss (gain) on disposition of property, plant and equipment 309 (270)
Loss from discontinued operations 0 16
Changes in:    
Receivables, net (23,819) (8,618)
Income tax receivable (394) 224
Inventories (31,714) (9,693)
Other current assets (914) (2,184)
Accounts payable 27,555 8,617
Accrued liabilities 7,509 7,191
Net cash provided by operating activities 27,755 27,065
Cash flows from investing activities:    
Additions to property, plant and equipment (48,898) (32,024)
Proceeds from disposition of property, plant and equipment 206 387
(Increase) decrease in other assets (198) 398
Acquisition of other companies (1,500) (1,842)
Net cash used in investing activities (50,390) (33,081)
Cash flows from financing activities:    
Payments of notes payable 0 (672)
Dividends paid (7,611) (7,478)
Excess tax benefit from share-based compensation 2,458 584
Proceeds from exercise of stock options 4,294 4,412
Net cash provided by (used in) financing activities (859) (3,154)
Effect of translation on cash and cash equivalents 549 (613)
Net decrease in cash and cash equivalents (22,945) (9,783)
Cash and cash equivalents at beginning of period 88,592 100,858
Cash and cash equivalents at end of period $ 65,647 $ 91,075