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Statement of Cash Flows Statement (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Net income $ 86,376 $ 66,648
Net (recovery) provision for doubtful accounts 40 811
Provisions for inventory obsolescence 357 298
Equity in earnings of affiliates (117) (239)
Stock-based compensation 5,923 3,836
Depreciation and amortization 11,636 11,520
Non-cash interest expense 4,144 7,735
Gain on sale of assets (138) 8
Gain on insurance recovery (779) 0
Loss on exchange of Senior Exchangeable Notes 839 0
Realization of pension obligation 152 171
Increase in value of life insurance policies (685) 765
Deferred income taxes (10,735) (8,822)
Accounts receivable (5,627) (4,618)
Inventories (8,886) (1,876)
Prepaid expenses and other current assets 1,055 23,896
Other assets (623) (540)
Accounts payable 8,639 6,519
Accrued expenses (2,080) 7,698
Other long-term liabilities 8,463 (2,450)
Net cash provided by operating activities 97,954 111,360
Capital expenditures (11,984) (12,696)
Payments to Acquire Intangible Assets (132) (142)
Business Acquisitions 0 (9,000)
Proceeds from sale of assets 171 125
Proceeds from insurance recovery 884 0
Premiums on life insurance (1,243) (921)
Net cash used in investing activities (12,304) (22,634)
Repayment of debt borrowings (64,477) 0
Proceeds from Stock Options Exercised 241 295
Excess Tax Benefit from Share-based Compensation, Financing Activities 2,289 798
Payments of Debt Issuance Costs (1,094) 0
Settlement of Warrants (57,777) 0
Non-controlling interest - contributions 895 0
Payments of Dividends, Noncontrolling Interest (240) (181)
Payments of Dividends (22,709) (5,375)
Payments for Repurchase of Common Stock (52,097) (91,686)
Net cash used in financing activities (194,969) (96,149)
NET CHANGE IN CASH AND CASH EQUIVALENTS (109,319) (7,423)
CASH AND CASH EQUIVALENTS, beginning of period $ 133,880 $ 181,045