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Statement of Cash Flows Statement (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Net income$ 131,485$ 105,411
Net (recovery) provision for doubtful accounts(105)787
Provisions for inventory obsolescence483513
Equity in earnings of affiliates(190)(342)
Stock-based compensation13,3416,016
Depreciation and amortization17,37417,334
Non-cash interest expense5,84111,590
Gain on sale of assets(416)(80)
Gain on insurance recovery(779)0
Loss on exchange of Senior Exchangeable Notes870675
Realization of pension obligation228257
Increase in value of life insurance policies(93)(575)
Deferred income taxes(9,928)(5,315)
Accounts receivable707(8,142)
Inventories(14,204)1,134
Prepaid expenses and other current assets70325,185
Other assets1,692(436)
Accounts payable1,3705,500
Accrued expenses(7,393)13,304
Other long-term liabilities5,843(3,687)
Net cash provided by operating activities146,829169,129
Capital expenditures(18,203)(19,661)
Payments to Acquire Intangible Assets(177)(180)
Business Acquisitions(21,000)(9,000)
Proceeds from sale of assets683406
Proceeds from insurance recovery8840
Premiums on life insurance(1,661)(1,357)
Net cash used in investing activities(39,474)(29,792)
Repayment of debt borrowings(229,467)24,366
Repayment of debt borrowings(229,467)(24,366)
Proceeds from debt borrowings313,0000
Proceeds from Stock Options Exercised295336
Excess Tax Benefit from Share-based Compensation, Financing Activities2,315798
Payments of Debt Issuance Costs(1,997)0
Settlement of Warrants(219,451)0
Non-controlling interest - contributions1,193156
Payments of Dividends, Noncontrolling Interest(251)(181)
Payments of Dividends(34,356)(37,095)
Payments for Repurchase of Common Stock(55,495)(92,077)
Net cash used in financing activities(224,214)(152,429)
NET CHANGE IN CASH AND CASH EQUIVALENTS(116,859)(13,092)
CASH AND CASH EQUIVALENTS, beginning of period$ 133,880$ 181,045