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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net earnings $ 56,312 $ 42,233
Adjustments to reconcile net earnings to net cash used for operating activities:    
Depreciation and amortization 42,244 39,036
Net (gain) loss on sale of assets (302) 673
Deferred income taxes (2,955) 1,525
Share-based compensation 5,193 5,191
Change in operating assets and liabilities, net of businesses acquired:    
Accounts receivable, net (31,991) (59,135)
Inventories, net (35,324) (8,568)
Progress payments 911 7,936
Accounts payable and accrued expenses (19,319) (13,648)
Deferred revenue 806 (9,658)
Income taxes payable 284 (4,656)
Net pension and postretirement liabilities (7,019) 12,558
Other current and long-term assets 3,632 (1,871)
Other current and long-term liabilities 2,581 (9,030)
Total adjustments (41,259) (39,647)
Net cash provided by operating activities 15,053 2,586
Cash flows from investing activities:    
Proceeds from sales and disposals of long-lived assets 307 19
Acquisitions of intangible assets (16) (1,597)
Additions to property, plant, and equipment (37,539) (22,343)
Acquisition of businesses, net of cash acquired (53,604) (42,079)
Net cash used for investing activities (90,852) (66,000)
Cash flows from financing activities:    
Borrowings on debt 455,000 262,600
Principal payments on debt 390,048 190,995
Proceeds from exercise of stock options 5,915 5,503
Dividends paid 3,710 3,667
Excess tax benefits from share-based compensation 867 167
Net cash provided by financing activities 68,024 73,608
Effect of exchange-rate changes on cash 2,744 (3,460)
Net (decrease) increase in cash and cash equivalents (5,031) 6,734
Cash and cash equivalents at beginning of period 68,119 65,010
Cash and cash equivalents at end of period 63,088 71,744
Supplemental disclosure of investing activities:    
Fair value of assets acquired in current year acquisitions 60,102 49,098
Additional consideration paid on prior year acquisitions   1,153
Liabilities assumed from current year acquisitions (6,498) (7,492)
Cash acquired   (680)
Acquisition of new businesses $ 53,604 $ 42,079