XML 44 R6.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 $ 65,971 $ 43,823 $ 22,026
Adjustments to reconcile net earnings to cash provided by operating activities:      
Depreciation and amortization 24,266 21,158 18,457
(Recovery) provision for losses on receivables (57) (86) (1,840)
LIFO (income) expense 3,327 (1,185) (2,964)
Litigation expense 1,780    
Deferred income tax provision/(benefit) 9,566 1,436 (913)
Excess tax benefit from share-based compensation (2,701) (2,344) (259)
Share-based compensation expense 5,310 4,627 2,943
Pension expense (income) 9,813 7,861 10,665
Postretirement expense (income) 156 422 539
(Gain) loss on disposition of property, plant and equipment 1,614 (451) (354)
(Loss) income from discontinued operations 0 (292) 453
Changes in:      
Receivables, net (59,574) (34,965) 58,461
Income tax receivable (2,466) (2,359) (3,248)
Inventories (27,021) (4,986) 28,650
Other current assets (639) (357) (1,376)
Accounts payable 13,641 6,550 (22,878)
Accrued liabilities 3,671 20,646 (6,531)
Net cash provided by operating activities 46,657 59,498 101,831
Cash flows from investing activites:      
Additions to property, plant and equipment (103,559) (60,363) (39,825)
Proceeds from disposition of property, plant and equipment 970 1,021 923
(Increase) decrease in other assets 552 (265) (1,216)
Acquisition of other companies (331,484) (9,857) (51,658)
Net cash used in investing activities (433,521) (69,464) (91,776)
Cash flows from financing activites:      
Issuance of long-term debt 350,000    
Debt Issuance Cost (5,247)    
Payments of notes payable 0 (2,888) (3,426)
Dividends paid (15,230) (15,017) (14,866)
Excess tax benefit from share-based compensation 2,701 2,344 259
Proceeds from exercise of stock options 5,162 13,277 612
Purchases of treasury stock 0 0 11
Net cash used in financing activities 337,386 (2,284) (17,410)
Effect of translation on cash and cash equivalents (677) (15) 457
Net (decrease) increase in cash and cash equivalents (50,154) (12,266) (6,898)
Cash and cash equivalents at beginning of period 88,592 100,858 107,756
Cash and cash equivalents at end of period $ 38,438 $ 88,592 $ 100,858