XML 69 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities    
Net income $ 9,814 $ 7,738
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,747 6,513
Employee benefit plan provisions 876 936
Stock-based compensation 946 622
Deferred income tax expense 740 1,146
Restructuring (Note 1) (24)  
Restructuring cash payments (Note 1) (2,616)  
Changes in assets and liabilities-net of effects from foreign exchange:    
(Increase) decrease in receivables (13,361) 2,834
Increase in inventories (1,588) (5,767)
Decrease (increase) in revenue in excess of billings on uncompleted contracts and other current assets 5,300 (4,212)
Decrease in accounts payable and accrued liabilities (9,845) (4,009)
Pension contributions (456) (397)
Other items - net 2,855 (238)
Net cash (used in) provided by operating activities (612) 5,166
Cash flows from investing activities    
Proceeds from sale of business (Note 1) 642  
Capital expenditures (10,617) (11,811)
Government grants received 1,693 215
Net cash used in investing activities (8,282) (11,596)
Cash flows from financing activities    
Proceeds of debt obligations 173  
Reductions of debt obligations (901) (776)
Treasury stock purchased (339) (418)
Common stock issued 1,572 421
Excess tax benefit from stock-based compensation   (68)
Net cash provided by financing activities 3,065 5,141
Effect of exchange rate changes on cash and cash equivalents 2,222 (496)
Decrease in cash and cash equivalents (3,607) (1,785)
Cash and cash equivalents, beginning of period 18,161 13,574
Cash and cash equivalents, end of period 14,554 11,789
Japanese Working Capital Loan
   
Cash flows from financing activities    
Revolving credit facility borrowings short-term and long-term (Note 10)   1,694
Revolving credit facility repayments short-term and long-term (Note 10) (1,090) (7,712)
U.S. Revolving credit facility
   
Cash flows from financing activities    
Revolving credit facility borrowings short-term and long-term (Note 10) 28,200 21,600
Revolving credit facility repayments short-term and long-term (Note 10) $ (24,550) $ (9,600)