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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES  
Net income$ 40,566$ 17,231
Adjustments to reconcile net income to cash provided by operating activities:  
Depreciation11,71113,330
Amortization of intangible assets and deferred financing fees1,5161,514
Loss on disposal of fixed assets849
Write-off of assets due to restructuring 2,338
Unrealized foreign currency (gain) loss(3,805)300
Ineffective portion of the interest rate swaps 1,177
Stock based compensation7,1327,193
Other non-cash items421362
Changes in assets and liabilities:  
Customer receivables(2,933)(4,962)
Inventories(8,513)(2,096)
Accounts payable(23,236)2,866
Current and deferred income taxes11,2277,521
Other current assets1,720(1,268)
Other current liabilities(3,150)7,342
Other noncurrent assets and liabilities(1,616)(1,338)
Cash provided by operating activities31,12451,519
CASH FLOWS FOR INVESTING ACTIVITIES  
Capital expenditures(9,583)(3,936)
Purchase of intangibles(150)(313)
Cash used in investing activities(9,733)(4,249)
CASH FLOWS FOR FINANCING ACTIVITIES  
Net repayments of revolving credit facility(28,000)(40,000)
Repayment of long-term debt(135)(134)
Payment of dividends(12,022)(2,738)
Proceeds from the issuance of common stock13,0065,578
Purchase of common stock for treasury(13,881)(5,569)
Tax benefit from the exercise of stock options1,336195
Cash used in financing activities(39,696)(42,668)
Effect of exchange rate changes on cash and cash equivalents2,108(2,749)
(Decrease) Increase in cash and cash equivalents(16,197)1,853
Cash and cash equivalents at beginning of period26,9355,961
Cash and cash equivalents at end of period$ 10,738$ 7,814