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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities:    
Net income $ 97,421 $ 9,708
Adjustments to reconcile net income to net cash used in operating activities:    
Non-cash operating items (Note 3) (31,510) 17,662
Changes in operating assets and liabilities:    
Contracts-in-process (74,031) (55,861)
Inventories (13,785) 9,562
Long-term receivables (1,553) (2,927)
Other current assets and other assets (5,045) (1,245)
Accounts payable (11,065) 8,206
Accrued expenses and other current liabilities (4,645) (5,161)
Customer advances 52,177 13,341
Income taxes payable (3,700) 888
Pension and other postretirement liabilities (4,796) (1,835)
Long-term liabilities (1,999) 214
Net cash used in operating activities (2,531) (7,448)
Investing activities:    
Capital expenditures (17,711) (26,983)
Proceeds from sale of net assets 61,482  
Increase in restricted cash (11,275)  
Net cash provided by (used in) investing activities 32,496 (26,983)
Financing activities:    
Proceeds from the exercise of stock options 447 8,334
Funding of withholding taxes on employee cashless stock option exercises (16,765) (443)
Excess tax benefit associated with exercise of stock options 1,361  
Net cash (used in) provided by financing activities (14,957) 7,891
Decrease in cash and cash equivalents 15,008 (26,540)
Cash and cash equivalents - beginning of period 165,801 168,205
Cash and cash equivalents - end of period $ 180,809 $ 141,665