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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash Flows From Operating Activities:    
Net income $ 173,644 $ 162,104
Less: Income from discontinued operations, net of tax 3,497 6,459
Income from continuing operations 170,147 155,645
Non-cash items included in net income:    
Depreciation and amortization 65,956 59,900
Equity in (income) loss of unconsolidated affiliates 11,026 (59)
Gain on asset disposals and impairments-net (282) (8,107)
Provision (benefit) from deferred taxes 3,929 (2,910)
Stock-based compensation charges 11,449 8,340
Pension costs 1,152 15,367
Other non-cash items 5,178 5,909
Changes in assets and liabilities, net of effects from dispositions:    
Accounts receivable (113,460) 26,238
Net contracts in progress and advance billings on contracts (225,340) (380,635)
Accounts payable 58,675 44,667
Accrued and other current liabilities 66,125 71,148
Pension liability and accrued postretirement and employee benefits 17,322 (51,041)
Other assets and liabilities 16,166 (33,663)
Net Cash Provided By (Used In) Operating Activities-Continuing Operations 109,649 (70,865)
Net Cash Used In Operating Activities-Discontinued Operations   (211)
Total Cash Provided By (Used In) Operating Activities 109,649 (71,076)
Cash Flows From Investing Activities:    
Purchases of property, plant and equipment (179,284) [1] (231,872) [1]
(Increase) decrease in restricted cash and cash equivalents (1,112) 183,564
Purchases of available-for-sale securities (82,735) (516,628)
Sales and maturities of available-for-sale securities 164,807 601,128
Proceeds from asset disposals 405 8,483
Other investing activities, net (2,305) (16)
Net Cash Provided By (Used In) Investing Activities-Continuing Operations (100,224) 44,659
Net Cash Provided By Investing Activities-Discontinued Operations 60,671  
Total Cash Provided By (Used In) Investing Activities (39,553) 44,659
Cash Flows From Financing Activities:    
Increase in debt 19,033 40,212
Payment of debt (4,482) (6,473)
Debt issuance costs 64 (4,824)
Distributions to noncontrolling interests (15,728)  
Other financing activities, net (2,706) (2,059)
Net Cash Provided By (Used In) Financing Activities-Continuing Operations (3,819) 26,856
Effects of exchange rate changes on cash and cash equivalents 1,663 (313)
Net increase in cash and cash equivalents 67,940 126
Cash and cash equivalents at beginning of period 570,854 403,463
Cash and cash equivalents at end of period-Continuing Operations 638,794 403,589
Cash paid during the period for:    
Income taxes (net of refunds) 58,157 45,932
Drydock
   
Non-cash items included in net income:    
Depreciation and amortization $ 21,606 $ 18,336
[1] Total capital expenditures exclude accrued capital expenditures, of approximately $1.2 million and $9.5 million for the nine months ended September 30, 2012 and 2011, respectively.