XML 95 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating Activities      
Consolidated net income (loss) $ 70,254 $ 69,886 $ (20,904)
Income (loss) from discontinued operations, net of tax 0 0 (3,151)
Income (loss) from continuing operations 70,254 69,886 (17,753)
Adjustments to reconcile income (loss) from continuing operations to net cash provided by operating activities:      
Depreciation, depletion and amortization 58,223 63,981 72,401
Impairment of assets 0 0 39,831
Pension settlement loss and amortization 0 0 18,833
Loss on disposal of property, plant and equipment 288 941 793
Deferred income taxes 1,250 1,772 (23,989)
Provision for bad debts 878 49 1,271
Stock-based compensation 7,237 5,860 5,780
Other non-cash items 41 189 0
Changes in operating assets and liabilities      
Accounts receivable (14,186) (7,577) (7,680)
Inventories (7,340) (3,713) 58,835
Prepaid expenses and other current assets (5,787) 3,164 8,558
Pension plan funding (6,650) (8,466) (8,642)
Accounts payable 24,824 6,351 5,455
Restructuring liabilities (2,550) (4,741) 1,442
Income taxes payable (712) 6,829 2,090
Tax benefits related to stock incentive programs 166 136 42
Other 7,723 7,758 (778)
Net cash provided by continuing operations 133,659 142,419 156,489
Net cash provided by discontinued operations 0 0 4,340
Net cash provided by operations 133,659 142,419 160,829
Investing Activities      
Purchases of property, plant and equipment (52,060) (34,518) (26,591)
Purchases of short-term investments (12,423) (10,738) (7,144)
Proceeds from sales of short-term investments 9,380 4,125 10,052
Proceeds from disposal of property, plant and equipment 78 39 838
Net cash used in investing activities - continuing operations (55,025) (41,092) (22,845)
Net cash provided by investing activities - discontinued operations 0 0 4,428
Net cash used in investing activities (55,025) (41,092) (18,417)
Financing Activities      
Repayment of long-term debt (275) (4,600) (4,000)
Proceeds from issuance of long term debt 1,596 0 0
Net issuance (repayment) of short-term debt 2,030 (1,331) (8,249)
Purchase of common shares for treasury (48,004) (27,922) 0
Cash dividends paid (3,601) (3,720) (3,743)
Proceeds from issuance of stock under option plan 5,912 1,086 172
Excess tax benefits related to stock incentive programs 6 53 12
Net cash used in financing activities (42,336) (36,434) (15,808)
Effect of exchange rate changes on cash and cash equivalents (8,973) (8,012) 2,466
Net increase in cash and cash equivalents 27,325 56,881 129,070
Cash and cash equivalents at beginning of period 367,827 310,946 181,876
Cash and cash equivalents at end of period 395,152 367,827 310,946
Non-cash Investing and Financing Activities:      
Treasury stock purchases settled after year-end $ 0 $ 2,069 $ 0