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Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities    
Net income $ 60,108 $ 37,726
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,487 13,330
Deferred income taxes 2,905 761
Excess tax benefits from stock based compensation (1,270) (639)
Loss on disposal or impairment of assets 1,649 11
Foreign currency transaction loss (gain), net 314 (13)
Stock compensation expense 2,795 1,896
Changes in operating assets and liabilities:    
Trade accounts and other receivables (14,291) (7,755)
Inventories (13,293) 2,426
Prepaid expenses and other current assets (2,242) (1,153)
Long-term prepaid expenses 447 (14)
Accounts payable (2,583) 9,834
Accrued expenses 2,689 309
Accrued income taxes, net (1,576) (2,863)
Net cash provided by operating activities 52,139 53,856
Investing activities    
Capital expenditures (37,468) (36,294)
Acquisition of BBL Falcon Industries, Ltd.   193
Purchase of short-term investment   (4,989)
Net cash used in investing activities (37,468) (41,090)
Financing activities    
Net proceeds from stock based compensation 76 194
Dividends paid (9,264) (8,326)
Purchase of common stock (814) (1,858)
Excess tax benefits from stock based compensation 1,270 639
Net cash used in financing activities (8,732) (9,351)
Effect of exchange rate changes on cash 655 (326)
Net increase in cash and cash equivalents 6,594 3,089
Cash and cash equivalents at beginning of period 46,656 69,557
Cash and cash equivalents at end of period 53,250 72,646
Supplemental cash flow information    
Interest paid    
Income taxes paid $ 30,611 $ 21,839