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Condensed Consolidated Statements of Cash Flows (Unaudited)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
USD ($)
Jun. 30, 2011
USD ($)
Cash flows from operating activities:    
Net income $ 30,097 $ 35,134
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 15,808 13,575
Stock-based compensation expense 3,003 2,065
Provision for deferred income taxes 178 9,997
Net provision for doubtful accounts 1,073 699
Loss (gain) on sale of assets 104 (117)
Change in assets and liabilities:    
Increase in receivables (10,793) (32,334)
Increase in inventories (870) (1,981)
Increase in other assets (2,826) (5,729)
(Decrease) increase in accounts payable (8,705) 5,091
Decrease in accrued liabilities and other (11,247) (5,273)
Net cash provided by operating activities 15,822 21,127
Cash flows from investing activities:    
Capital expenditures (26,315) (16,842)
Business acquisition, net of cash acquired   (25,601)
Proceeds from sale of property, plant and equipment 371 280
Net cash used in investing activities (25,944) (42,163)
Cash flows from financing activities:    
Borrowings on lines of credit 173,846 2,256
Payments on lines of credit (126,233) (2,629)
Proceeds from employee stock plans 468 1,543
Purchase of treasury stock (24,825) (598)
Post-closing payment for business acquisition (11,892)  
Other financing activities (53) (22)
Net cash provided by financing activities 11,311 550
Effect of exchange rate changes on cash 2,396 1,780
Net increase (decrease) in cash and cash equivalents 3,585 (18,706)
Cash and cash equivalents at beginning of year 25,247 83,010
Cash and cash equivalents at end of period 28,832 64,304
Cash paid for:    
Income taxes (net of refunds) 5,836 11,380
Interest $ 4,106 $ 3,602