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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Continuing operating activities      
Net earnings (loss) $ 239,997 $ 360,293 $ (56,515)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation and amortization 179,706 189,541 228,740
Loss (gain) on disposal of property and equipment (930) 574 460
Accretion of interest on convertible debentures 2,046 188 0
Inventory write-offs for obsolescence 21,118 21,449 31,908
Pensions and other postretirement benefits, net of contributions (11,385) (6,967) (3,841)
Deferred income taxes 14,108 (26,476) (12,957)
Other (16,120) 4,932 (6,128)
Net change in operating assets and liabilities, net of effects of businesses acquired or spun-off (52,503) 1,730 108,750
Net cash provided by continuing operating activities 376,037 545,264 290,417
Continuing investing activities      
Capital expenditures (168,641) (145,413) (50,340)
Proceeds from sale of property and equipment 2,162 1,188 6,387
Purchase of businesses, net of cash acquired (19,335) 0 28,195
Purchase of short-term investments (497,258) 0 0
Maturity of short-term investments 226,792 0 0
Sale of investments 2,167 0 0
Proceeds from loans receivable 0 15,000 0
Other investing activities 1,350 (2,287) 1,438
Net cash used in continuing investing activities (452,763) (131,512) (14,320)
Continuing financing activities      
Proceeds from long-term borrowings 150,000 275,000 15,000
Issuance costs (4,429) (15,116) 0
Principal payments on long-term debt and capital leases (681) (104,581) (28,754)
Net (payments) proceeds on revolving credit lines (85,000) 115,000 0
Common stock repurchase (150,000) (275,000) 0
Distribution in connection with spin-off of VPG 0 (70,600) 0
Net changes in short-term borrowings (10) 528 (11,278)
Distributions to noncontrolling interests (1,440) (757) (556)
Proceeds from stock options exercised 9,675 0 0
Excess tax benefit from stock options exercised 555 0 0
Net cash used in continuing financing activities (81,330) (75,526) (25,588)
Effect of exchange rate changes on cash and cash equivalents 9,806 (19,995) 7,703
Increase (decrease) in cash and cash equivalents from continuing activities (148,250) 318,231 258,212
Net cash used in discontinued operating activities 0 (82) (3,187)
Net cash provided by discontinued investing activities 0 0 0
Net cash used in discontinued financing activities 0 0 0
Net cash used in discontinued operations 0 (82) (3,187)
Net increase (decrease) in cash and cash equivalents (148,250) 318,149 255,025
Cash and cash equivalents at beginning of year 897,338 579,189 324,164
Cash and cash equivalents at end of year $ 749,088 $ 897,338 $ 579,189