XML 41 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Interim Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net earnings $ 121,606 $ 114,031
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 17,447 16,106
Amortization 10,929 10,556
Deferred tax provision (5,687) (4,758)
Excess tax benefits from share-based payment arrangements (519) (340)
Share-based compensation 5,852 5,954
Other 408 1,258
Increase (decrease) in cash resulting from changes in:    
Trade accounts receivable, net 12,583 23,645
Inventories (8,158) 21,832
Other current assets (5,690) 2,220
Trade accounts payable (19,806) (37,727)
Taxes payable (2,820) 4,369
Accruals and other (11,513) (45,097)
Net cash provided by operating activities 114,632 112,049
Cash flows from investing activities:    
Proceeds from sale of property, plant and equipment 115 153
Purchase of property, plant and equipment (36,781) (43,233)
Acquisitions (213) (1,541)
Net cash used in investing activities (36,879) (44,621)
Cash flows from financing activities:    
Proceeds from borrowings 211,112 81,552
Repayments of borrowings (136,330) (127,351)
Proceeds from stock option exercises 12,549 13,264
Repurchases of common stock (144,844) (135,766)
Excess tax benefits from share - based payment arrangements 519 340
Other financing activities (1,170) (543)
Net cash used in financing activities (58,164) (168,504)
Effect of exchange rate changes on cash and cash equivalents (1,074) 241
Net (decrease) increase in cash and cash equivalents 18,515 (100,835)
Cash and cash equivalents:    
Beginning of period 101,702 235,601
End of period $ 120,217 $ 134,766