XML 90 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statement of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 216,612,000 $ 184,644,000 $ 145,401,000
Adjustments to reconcile income to net cash provided by operating activities:      
Equity in earnings of affiliates (646,000) (274,000) (376,000)
Share-based Compensation 18,381,000 17,165,000 8,517,000
Depreciation and amortization 22,917,000 23,303,000 23,113,000
Debt issuance costs amortization and finance charges 479,000 5,956,000 15,087,000
Loss on exchange of Senior Exchangeable Notes 0 1,012,000 1,939,000
Realization of pension obligation (53,000) 303,000 137,000
(Increase) decrease in value of life insurance policies (1,636,000) 285,000 (1,950,000)
Deferred Income Tax Expense (Benefit) 3,605,000 (6,549,000) (10,135,000)
Other Noncash Income (Expense) 962,000 (695,000) 1,911,000
Changes in assets and liabilities, net of effects of acquisitions:      
Accounts receivable (16,664,000) (12,082,000) (22,412,000)
Inventories 3,224,000 (16,033,000) (2,438,000)
Prepaid expenses and other current assets (12,904,000) (1,228,000) 21,455,000
Other assets 426,000 680,000 (102,000)
Accounts payable (3,672,000) 11,969,000 11,701,000
Accrued expenses 4,871,000 (13,754,000) 13,701,000
Other long-term liabilities 1,300,000 9,424,000 283,000
Net cash provided by operating activities 237,202,000 204,126,000 205,832,000
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (31,151,000) (29,927,000) (27,569,000)
Patents and other intangibles (1,648,000) (220,000) (233,000)
Acquisitions, net of cash acquired (556,000) (18,821,000) (9,000,000)
Cash in escrow 2,188,000 (2,179,000) 0
Payments for (Proceeds from) Investments (322,000) 0 0
Proceeds from sale of assets 667,000 900,000 669,000
Proceeds from insurance recovery 101,000 1,300,000 0
Premiums on life insurance (3,283,000) (3,071,000) (2,604,000)
Net cash used in investing activities (34,004,000) (52,018,000) (38,737,000)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of debt borrowings (112,346,000) (348,564,000) (82,251,000)
Proceeds from debt borrowings 121,000,000 417,426,000 0
Stock options exercised 5,000 297,000 346,000
Excess tax benefits from stock-based payments 5,226,000 2,559,000 967,000
Debt financing costs (7,000) (2,014,000) (1,019,000)
Settlement of Warrants 0 219,451,000 0
Non-controlling interest - contributions 1,800,000 1,194,000 156,000
Non-controlling interest - dividend (300,000) (251,000) (181,000)
Dividends paid (52,950,000) (46,027,000) (39,791,000)
Repurchase of common shares (175,732,000) (61,825,000) (92,487,000)
Net cash used in financing activities (213,304,000) (256,656,000) (214,260,000)
NET CHANGE IN CASH AND CASH EQUIVALENTS (10,106,000) (104,548,000) (47,165,000)
Cash and Cash Equivalents, at Carrying Value 19,226,000 29,332,000 133,880,000
Cash payments for interest 7,352,000 2,308,000 566,000
Cash payments for income taxes 85,660,000 74,724,000 57,259,000
Financed capital expenditures $ 3,910,000 $ 1,273,000 $ 0