XML 21 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income $ 83,888 $ 29,276 $ 8,515
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 38,750 36,148 35,146
Amortization of bond premium 985 620 0
Non cash interest expense on convertible debt 3,695 3,436 3,643
Gain on early extinguishment of debt 0 0 (1,881)
Payments of accreted interest on repurchased convertible debt 0 0 (2,957)
Deferred income taxes 16,209 9,773 (1,572)
Stock compensation 4,146 3,844 3,839
(Gain) losses on auction rate securities (630) 978 5,187
Losses on other securities 80 328 0
Goodwill impairment 7,797 0 3,832
Loss on equipment disposal 382 2,992 514
Changes in operating assets and liabilities, net of assets acquired:      
Accounts receivable, net (18,038) 814 12,170
Other receivables 11,875 (1,724) (5,973)
Inventories (21,284) (611) 2,513
Production tooling, net 3,640 1,952 2,587
Prepaid expenses and other (19,557) (18,541) 3,731
Accounts payable and accrued expenses 8,702 1,789 3,946
Income tax payable 2,932 1,193 (213)
Other long term liability (17,048) 2,280 (7,357)
Employee benefits 2,168 1,588 2,103
Net cash provided by operating activities 108,692 76,135 67,773
Cash flows from investing activities:      
Purchases of property, plant and equipment (31,262) (44,220) (14,534)
Changes in restricted cash 0 3,130 (428)
Purchases of marketable securities (78,622) (122,927) (179,194)
Proceeds from sales and maturities of marketable securities 52,466 39,489 73,170
Acquisition of businesses, net of cash acquired (27,673) 0 (9,654)
Proceeds from sale of equipment 1,781 969 72
Net cash (used in) investing activities (83,310) (123,559) (130,568)
Cash flows from financing activities:      
Proceeds from issuance of stock due to exercise of stock options 1,163 362 33
Tax benefit due to exercise of stock options 740 (472) 149
Shares repurchased (25,775) (19,766) (9,753)
Reduction on long term debt 0 0 (20,239)
Net cash (used in) financing activities (23,872) (19,876) (29,810)
Effect of exchange rates on cash and cash equivalents (4,671) (1,418) (523)
(Decrease) in cash and cash equivalents (3,161) (68,718) (93,128)
Cash and cash equivalents, beginning of period 53,436 122,154 215,282
Cash and cash equivalents, end of period 50,275 53,436 122,154
Supplemental disclosures of cash flow information:      
Interest paid 2,709 3,251 2,952
Income taxes paid 23,685 820 733
Supplemental schedule of non-cash financing activities:      
Fulfillment of 401(k) obligations through the issuance of stock $ 1,499 $ 1,319 $ 1,507