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Condensed Consolidated Statements of Cash Flows (Unaudited)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
USD ($)
Sep. 30, 2011
USD ($)
Cash flows from operating activities:    
Net income $ 48,839 $ 58,131
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 24,406 21,162
Stock-based compensation expense 5,027 3,396
Provision for deferred income taxes (4,654) 16,363
Net provision for doubtful accounts 1,282 1,165
Loss on sale of assets 512 22
Change in assets and liabilities:    
Decrease (increase) in receivables 11,964 (57,603)
Increase in inventories (6,446) (27,921)
Increase in other assets (98) (5,226)
Increase in accounts payable 2,905 28,893
Decrease in accrued liabilities and other (3,085) (3,655)
Net cash provided by operating activities 80,652 34,727
Cash flows from investing activities:    
Capital expenditures (34,858) (28,136)
Business acquisition, net of cash acquired   (26,775)
Proceeds from sale of property, plant and equipment 823 434
Net cash used in investing activities (34,035) (54,477)
Cash flows from financing activities:    
Borrowings on lines of credit 222,868 5,891
Payments on lines of credit (213,221) (5,754)
Proceeds from employee stock plans 1,007 1,768
Purchase of treasury stock (35,698) (599)
Post-closing payment for business acquisition (11,892) (2,055)
Other financing activities (48) (147)
Net cash used in financing activities (36,984) (896)
Effect of exchange rate changes on cash 577 538
Net increase (decrease) in cash and cash equivalents 10,210 (20,108)
Cash and cash equivalents at beginning of year 25,247 83,010
Cash and cash equivalents at end of period 35,457 62,902
Cash paid for:    
Income taxes (net of refunds) 17,370 20,752
Interest $ 4,665 $ 3,775