XML 46 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities  
Net income$ 64,649$ 41,756
Adjustments to reconcile net income to net cash from operating activites:  
Depreciation and amortization43,85538,988
Amortization of convertible debt discount1,6334,251
(Gain) loss on disposition of property, plant and equipment(400)253
Stock compensation expense5,8665,619
Withholding taxes paid on stock issuances(1,089)(287)
Changes in assets and liabilities:  
Accounts receivable(27,462)(27,671)
Inventories(11,385)(19,492)
Prepaid expenses and other current assets(1,457)(5,420)
Accounts payable4,86711,359
Accrued liabilities14,1195,906
Deferred income taxes1,9684,469
Long-term retirement benefits(16,784)(12,155)
Other95(579)
Net cash provided by operating activities78,47546,997
Investing activities:  
Proceeds from disposition of property, plant, and equipment3,3521,384
Capital expenditures(25,169)(22,463)
Business acquisitions, net of cash acquired(3,495)0
Other(3,424)(2,393)
Net cash used by investing activities(28,736)(23,472)
Financing activities:  
Net change in other borrowings3,0233,384
Payments on long-term debt(354,167)(243,658)
Proceeds from issuance of long-term debt339,290241,667
Premium paid on convertible debt redemption(9,803)0
Proceeds from issuance of common stock26,8293,871
Common stock repurchases(22,369)(9,014)
Dividends paid(13,197)(13,159)
Excess tax benefit on stock awards8,6070
Other(2,098)(160)
Net cash used by financing activities(23,885)(17,069)
Effect of exchange rate changes on cash flows(461)(159)
Increase in cash and cash equivalents25,3936,297
Cash and cash equivalents at beginning of period13,45017,427
Cash and cash equivalents at end of period$ 38,843$ 23,724