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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities  
Net income$ 97,019$ 57,901
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization25,66120,308
Provision for doubtful accounts240 
Deferred income taxes6,0633,063
Excess tax benefits from stock based compensation(1,270)(668)
Loss on disposal or impairment of assets1,537204
Foreign currency transaction loss, net22850
Stock compensation expense3,7422,819
Changes in operating assets and liabilities:  
Trade accounts and other receivables(24,498)(26,809)
Inventories(35,725)(6,144)
Prepaid expenses and other current assets(1,868)(557)
Long-term prepaid expenses243(13)
Accounts payable2,56818,377
Accrued expenses6,8984,966
Accrued income taxes, net(3,656)(2,900)
Net cash provided by operating activities77,18270,597
Investing activities  
Capital expenditures(63,148)(68,706)
Acquisition of BBL Falcon Industries, Ltd. 193
Purchase of short-term investment (4,989)
Net cash used in investing activities(63,148)(73,502)
Financing activities  
Net proceeds from stock based compensation76254
Dividends paid(14,823)(12,948)
Purchase of common stock(7,464)(1,860)
Excess tax benefits from stock based compensation1,270668
Net cash used in financing activities(20,941)(13,886)
Effect of exchange rate changes on cash(72)34
Net decrease in cash and cash equivalents(6,979)(16,757)
Cash and cash equivalents at beginning of period46,65669,557
Cash and cash equivalents at end of period39,67752,800
Supplemental cash flow information  
Interest paid1 
Income taxes paid$ 48,836$ 30,457