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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net income including noncontrolling interest$ 8,856$ 3,950
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation (including capital lease amortization)4,1833,908
Amortization of purchased intangible assets4,3243,913
Amortization of capitalized debt issuance costs261489
Stock-based compensation2,5352,537
Deferred income tax benefit(1,904)(953)
Equity in earnings of joint ventures (255)
Gain on step acquisition of joint ventures (2,117)
Loss on disposal of property, plant and equipment69 
Change in:  
Accounts receivable, net(7,311)2,465
Inventories(11,267)1,198
Prepaid expenses and other(1,210)321
Accounts payable680(2,075)
Customer advances1,278(1,327)
Accrued expenses and other liabilities1,764(1,800)
Net cash provided by operating activities2,25810,254
CASH FLOWS FROM INVESTING ACTIVITIES:  
Acquisition of Austin Explosives Company (3,620)
Step acquisition of joint ventures, net of cash acquired (2,065)
Acquisition of property, plant and equipment(4,364)(2,309)
Change in other non-current assets20(59)
Net cash used in investing activities(4,344)(8,053)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Payment on syndicated term loans (15,374)
Payment on Nord LB term loans(633)(593)
Borrowings on bank lines of credit, net3,9994,682
Payment on capital lease obligations(233)(215)
Payment of dividends(1,596)(1,561)
Contribution from noncontrolling stockholder42 
Net proceeds from issuance of common stock to employees and directors9970
Tax impact of stock-based compensation(109)(639)
Net cash provided by (used in) financing activities1,569(13,630)
EFFECTS OF EXCHANGE RATES ON CASH61115
NET DECREASE IN CASH AND CASH EQUIVALENTS(456)(11,314)
CASH AND CASH EQUIVALENTS, beginning of the period4,57222,411
CASH AND CASH EQUIVALENTS, end of the period$ 4,116$ 11,097