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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net earnings$ 90,672$ 70,017
Adjustments to reconcile net earnings to net cash used for operating activities:  
Depreciation and amortization65,19658,873
Net (gain) loss on sale of assets(397)979
Gain on disposition of businesses1,1950
Deferred income taxes(1,090)3,194
Share-based compensation7,5457,920
Change in operating assets and liabilities, net of businesses acquired:  
Accounts receivable, net(80,416)(75,263)
Inventories, net(31,482)(9,096)
Progress payments(1,075)6,847
Accounts payable and accrued expenses(20,956)(12,263)
Deferred revenue21,587(24,901)
Income taxes payable7,786(4,431)
Net pension and postretirement liabilities(11,329)19,024
Other current and long-term assets3,220(1,084)
Other current and long-term liabilities5,692(2,124)
Total adjustments(36,914)(32,325)
Net cash provided by operating activities53,75837,692
Cash flows from investing activities:  
Proceeds from sales and disposals of long-lived assets1,583744
Acquisitions of intangible assets(22)(1,511)
Additions to property, plant, and equipment(61,232)(38,802)
Acquisition of businesses, net of cash acquired(132,344)(42,200)
Disposition of businesses8,1000
Net cash used for investing activities(183,915)(81,769)
Cash flows from financing activities:  
Borrowings on debt701,800386,600
Principal payments on debt587,296325,247
Proceeds from exercise of stock options10,6699,731
Dividends paid7,4397,352
Excess tax benefits from share-based compensation868222
Net cash provided by financing activities118,60263,954
Effect of exchange-rate changes on cash(1,582)(974)
Net (decrease) increase in cash and cash equivalents(13,137)18,903
Cash and cash equivalents at beginning of period68,11965,010
Cash and cash equivalents at end of period54,98283,913
Supplemental disclosure of investing activities:  
Fair value of assets acquired in current year acquisitions157,57549,766
Additional consideration paid on prior year acquisitions01,153
Liabilities assumed from current year acquisitions(20,199)(8,033)
Cash acquired(5,032)(686)
Acquisition of new businesses$ 132,344$ 42,200