XML 27 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Statements of Consolidated Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES    
NET INCOME $ 15,384 $ 7,130
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 5,076 4,042
Provision for accounts receivable allowances 631 277
Provision for inventory reserves 814 737
Deferred income taxes (690) (1,164)
Share-based compensation expense 1,458 1,383
Excess tax benefits from share-based awards (190)  
Net investment in life insurance (19) (26)
Unrealized foreign currency gain on hedge contract   (451)
Other - net 58 (5)
Changes in operating assets and liabilities:    
Accounts receivable (17,475) (3,586)
Inventories (9,689) (2,113)
Trade accounts payables and accrued liabilities 7,518 4,446
Income taxes payable 2,755 (627)
Other - net (3,497) (3,331)
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,134 6,712
INVESTING ACTIVITIES    
Capital expenditures (6,504) (6,606)
Proceeds from the sale of property and equipment 168 225
Restricted cash (330)  
NET CASH USED IN INVESTING ACTIVITIES (6,666) (6,381)
FINANCING ACTIVITIES    
Increase in notes payable to banks 9,990 (3)
Proceeds from the issuance of long-term debt   11,946
Payments of long-term debt (924) (11,471)
Dividends paid (2,189) (2,167)
Excess tax benefits from share-based awards 190  
Proceeds from issuance of common shares 958 84
Purchase of common shares for treasury (2,518) (21)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 5,507 (1,632)
Effects of exchange rate changes on cash and cash equivalents (13) (686)
Net increase (decrease) in cash and cash equivalents 962 (1,987)
Cash and cash equivalents at beginning of year 22,655 24,097
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 23,617 $ 22,110