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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 29, 2012
Oct. 01, 2011
Cash flows from operating activities:    
Net income $ 70,409 $ 52,211
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 19,478 19,277
Share-based compensation 4,233 3,256
Deferred income taxes 9,970 1,566
(Gain)/loss on disposals of plant and equipment (440) 1,481
Gain on equity investment (12,212) 0
Asset impairment 583 200
Foreign exchange expense 1,551 1,911
Excess tax from share-based payment arrangements (3,762) (930)
Changes in assets and liabilities, net of acquisitions:    
Receivables (26,861) (23,400)
Inventory (30,550) (5,796)
Accounts payable and accrued expenses 1,794 7,931
Income taxes 4,777 7,436
Employee benefit plans (4,158) (12,951)
Other assets and liabilities (8,742) 253
Net cash flows from operating activities 26,070 52,445
Cash flows from investing activities:    
Additions to property, plant and equipment (19,310) (13,607)
Proceeds from sale of property, plant and equipment 1,216 324
Cash paid for acquisitions, net of cash acquired (54,074) (25,143)
Additional consideration for prior acquisition 0 (6,623)
Loan to customer 0 (3,171)
Proceeds from loan to customer 219 0
Net cash flows from investing activities (71,949) (48,220)
Cash flows from financing activities:    
Proceeds from issuance of debt 70,124 5,080
Repayment of debt (71,903) (4,258)
Proceeds from issuance of common stock 11,796 4,246
Excess tax from share-based payment arrangements 3,762 930
Purchases of common stock (16,484) (10,629)
Dividends paid (10,403) (9,294)
Net cash flows from financing activities (13,108) (13,925)
Effect of exchange rate changes on cash 1,367 (2,315)
Net change in cash and equivalents (57,620) (12,015)
Cash and equivalents at beginning of period 153,337 140,070
Cash and equivalents at end of period 95,717 128,055
Cash paid for income taxes 17,809 7,450
Cash paid for interest, net of capitalized interest of $161 and $0, respectively 8,355 7,529
Non-cash items:    
Additions to property, plant, and equipment, not yet paid 59 1,339
Pioneer Pump Holdings, Inc
   
Non-cash items:    
Pioneer Pump Holdings, Inc. liability for mandatory share purchase 22,924 0
Impo Motor Pompa Sanayi ve Ticaret A.S.
   
Non-cash items:    
Payable to seller of acquired entities 407 4,870
Healy Systems Inc
   
Non-cash items:    
Payable to seller of acquired entities $ 0 $ 717