XML 36 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net earnings $ 48,128 $ 51,663
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 29,097 31,121
Amortization of debt issuance costs 858 1,181
Provision for losses on accounts receivable 883 1,589
Goodwill, Impairment Loss 7,585 0
Loss on extinguishment of debt 0 5,748
(Gain) loss on derivatives, net (1,049) 2,345
Gain (loss) on sale of property, plant and equipment 405 36
Stock-based compensation expense 4,801 4,367
Deferred income taxes (826) (2,159)
Changes in assets and liabilities:    
Accounts receivable, net 73,243 46,940
Inventories 10,754 2,768
Prepaid expenses and other (16,417) 2,874
Other assets 292 (1,116)
Accounts payable (79,017) (9,409)
Progress billings 679 8,386
Accrued expenses 9,124 41,018
Other non-current liabilities 783 1,829
Total adjustments 21,675 39,370
Net cash provided by (used in) operating activities 69,803 91,033
Cash flows from investing activities:    
Additions to property, plant and equipment (11,770) (11,626)
Payments to Acquire Businesses, Net of Cash Acquired (18,362) 0
Proceeds from sale of property, plant and equipment 217 20
Proceeds from sale of available-for-sale securities 0 1,494
Net cash used in investing activities (29,915) (10,112)
Net Cash Provided by (Used in) Financing Activities [Abstract]    
Proceeds from Issuance of Debt 0 610,000
Repayments of long-term debt (7,500) (706,169)
Debt issuance costs 0 (11,266)
Repurchases of common stock (65,900) (105,856)
Proceeds from issuance of common stock 6,305 4,672
Net cash provided (used in) by financing activities (67,095) (208,619)
Effect of exchange rate changes on cash and cash equivalents 473 725
Net increase (decrease) in cash and cash equivalents (26,734) (126,973)
Cash and cash equivalents at beginning of period 101,971 245,935
Cash and cash equivalents at end of period 75,237 118,962
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 13,675 17,011
Cash paid during the period for income taxes 48,744 58,042
Non-cash financing activities:    
Stock issued under stock-based compensation plans $ 0 $ 2,684