XML 51 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net earnings $ 81,857 $ 65,971 $ 43,823
Adjustments to reconcile net earnings to cash provided by operating activities:      
Depreciation and amortization 43,283 24,266 21,158
Loss (recovery) on receivables 94 (57) (86)
LIFO expense (income) 2,851 3,327 (1,185)
Litigation expense 3,377 1,780 0
Deferred income tax (benefit)/provision (3,280) 9,566 1,436
Excess tax benefit from share-based compensation (859) (2,701) (2,344)
Share-based compensation expense 7,386 5,310 4,627
Pension expense 3,558 9,813 7,861
Postretirement (income) expense (79) 156 422
(Gain) loss on disposition of property, plant and equipment (312) 1,614 (451)
Earnings from discontinued operations 0 0 (292)
Changes in:      
Receivables, net (23,240) (59,574) (34,965)
Income tax receivable (713) (2,466) (2,359)
Inventories (50,272) (27,021) (4,986)
Other current assets (1,232) (639) (357)
Accounts payable 11,243 13,641 6,550
Accrued liabilities 3,918 3,671 20,646
Net cash provided by operating activities 77,580 46,657 59,498
Cash flows from investing activites:      
Additions to property, plant and equipment (net of incentives) (78,119) (103,559) (60,363)
Proceeds from disposition of property, plant and equipment 2,293 970 1,021
Decrease (increase) in other assets 937 552 (265)
Acquisition of other companies and assets (150,127) (331,484) (9,857)
Net cash used in investing activities (225,016) (433,521) (69,464)
Cash flows from financing activites:      
Issuance of long-term debt 25,000 350,000  
Debt issuance cost 0 (5,247)  
Payments of notes payable (48,296) 0 (2,888)
Dividends paid (16,422) (15,230) (15,017)
Excess tax benefit from share-based compensation 859 2,701 2,344
Proceeds from exercise of stock options 1,950 5,162 13,277
Proceeds from equity offering 217,565 0 0
Net cash provided by (used in) financing activities 180,656 337,386 (2,284)
Effect of translation on cash and cash equivalents 650 (676) (15)
Net increase (decrease) in cash and cash equivalents 33,870 (50,154) (12,266)
Cash and cash equivalents at beginning of period 38,438 88,592 100,858
Cash and cash equivalents at end of period $ 72,308 $ 38,438 $ 88,592