XML 65 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITES    
Net earnings $ 19,032 $ 13,962
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation 7,850 7,571
Amortization expense (including deferred financing fees) 2,176 709
Loss on disposal of property, plant, and equipment 0 148
Unrealized foreign currency gains (452) (3,818)
Stock-based compensation 3,658 5,646
Other non-cash items 30 15
Changes in assets and liabilities, net of acquisition:    
Customer receivables 862 5,011
Inventories (10,547) 3,006
Accounts payable 3,174 394
Current and deferred income taxes 6,431 (4,425)
Prepaid and other current assets (4,042) (905)
Other current liabilities (13,762) (14,498)
Other noncurrent assets and liabilities 16,867 3,195
Cash provided by operating activities 31,277 16,011
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (17,741) (17,139)
Purchase of business, net of cash acquired (93,349) 0
Purchase of intangibles (315) (275)
Cash used in investing activities (111,405) (17,414)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from revolving credit facility 608,000 133,000
Repayment of revolving credit facility (515,000) (138,000)
Payment of financing fees (1,914) (13)
Payment of dividends (11,363) (11,257)
Dividends, Common Stock, Cash 11,363  
Proceeds from the issuance of common stock 2,590 2,147
Purchase of common stock for treasury (6,227) (2,513)
Excess tax benefit from the exercise of stock options and vesting of equity awards 210 208
Cash provided by (used in) financing activities 76,296 (16,428)
Effect of exchange rate changes on cash and cash equivalents 279 (1,062)
Decrease in cash and cash equivalents (3,553) (18,893)
Cash and cash equivalents at beginning of period 12,026 29,956
Cash and cash equivalents at end of period $ 8,473 $ 11,063