XML 26 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating activities    
Net income $ 33,883 $ 62,208
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,394 21,801
Provision for doubtful accounts 28 12
Deferred income taxes 2,609 5,299
Excess tax benefits from stock based compensation (67) (1,257)
Gain on disposal or impairment of assets (40) (54)
Foreign currency transaction loss (gain), net 31 (144)
Stock compensation expense 3,189 3,087
Changes in operating assets and liabilities:    
Trade accounts and other receivables (6,540) (5,525)
Inventories (2,372) 1,938
Prepaid expenses and other current assets (3,466) (1,451)
Long-term prepaid expenses 1,711 766
Accounts payable (4,845) (18,142)
Accrued expenses (6,748) (12,482)
Accrued income taxes, net (4,054) 5,764
Net cash provided by operating activities 36,713 61,820
Investing activities    
Capital expenditures (31,169) (50,288)
Net cash used in investing activities (31,169) (50,288)
Financing activities    
Proceeds from bank borrowings   10,000
Repayments on bank borrowings   (10,000)
Dividends paid (12,503) (11,095)
Purchase of common stock (6,821) (7,655)
Excess tax benefits from stock based compensation 67 1,257
Net cash used in financing activities (19,257) (17,493)
Effect of exchange rate changes on cash (899) (443)
Net (decrease) increase in cash and cash equivalents (14,612) (6,404)
Cash and cash equivalents at beginning of period 90,635 41,270
Cash and cash equivalents at end of period 76,023 34,866
Supplemental cash flow information    
Interest paid 3 72
Income taxes paid $ 17,153 $ 20,621