XML 44 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net earnings $ 20,943 $ 41,312
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 30,400 23,534
Gain on divestiture 0 (29,583)
Net (gain) on sale of assets (87) (669)
Deferred income taxes 512 (1,373)
Share-based compensation 2,670 2,681
Change in operating assets and liabilities, net of businesses acquired and divested:    
Accounts receivable, net (3,959) (27,999)
Inventories, net (10,872) (19,931)
Progress payments (9,240) (398)
Accounts payable and accrued expenses (36,541) (29,574)
Deferred revenue 77 17,536
Income taxes payable (1,678) 19,052
Net pension and postretirement liabilities 4,934 2,722
Other current and long-term assets and liabilities 1,761 (2,029)
Net cash used for operating activities (1,080) (4,719)
Cash flows from investing activities:    
Proceeds from sales and disposals of long-lived assets 559 0
Proceeds from divestiture 0 51,225
Acquisitions of intangible assets 0 (1,929)
Additions to property, plant, and equipment (15,010) (20,167)
Acquisition of businesses, net of cash acquired (98,492) 0
Additional consideration of prior period acquisitions (1,771) 0
Net cash (used for) provided by investing activities (114,714) 29,129
Cash flows from financing activities:    
Borrowings on debt 817,075 0
Principal payments on debt (699,120) (25)
Proceeds from share-based compensation 7,333 8,340
Excess tax benefits from share-based compensation 0 20
Net cash provided by financing activities 125,288 8,335
Effect of exchange-rate changes on cash (2,720) 3,932
Net increase (decrease) in cash and cash equivalents 6,774 36,677
Cash and cash equivalents at beginning of period 112,023 194,387
Cash and cash equivalents at end of period 118,797 231,064
Supplemental disclosure of non-cash investing activities:    
Capital Expenditures Incurred but Not yet Paid $ 2,191 $ 4,223