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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITES    
Net earnings $ 34,654 $ 22,512
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation 11,740 11,176
Amortization expense (including deferred financing fees) 3,095 1,064
Loss on disposal of property, plant, and equipment 0 126
Unrealized foreign currency gains (3,680) (2,177)
Stock-based compensation 5,869 8,011
Other non-cash items 127 22
Changes in assets and liabilities, net of acquisition:    
Customer receivables 10,239 15,259
Inventories (18,595) 3,878
Accounts payable 5,046 (9,646)
Current and deferred income taxes 10,508 (2,241)
Prepaid and other current assets (3,994) 532
Other current liabilities (10,845) (16,570)
Other noncurrent assets and liabilities 20,552 (597)
Cash provided by operating activities 64,716 31,349
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (31,992) (20,486)
Purchase of business, net of cash acquired (93,349) 0
Purchase of intangibles (315) (275)
Cash used in investing activities (125,656) (20,761)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from credit facility 692,000 206,000
Repayment of credit facility (603,500) (216,000)
Payment of financing fees (1,930) (13)
Payment of dividends (17,015) (16,888)
Proceeds from the issuance of common stock 2,788 2,234
Purchase of common stock for treasury (6,412) (2,729)
Excess tax benefit from the exercise of stock options and vesting of equity awards 210 246
Cash provided by (used in) financing activities 66,141 (27,150)
Effect of exchange rate changes on cash and cash equivalents (1,527) 119
Increase (Decrease) in cash and cash equivalents 3,674 (16,443)
Cash and cash equivalents at beginning of period 12,026 29,956
Cash and cash equivalents at end of period $ 15,700 $ 13,513