XML 114 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities    
Net income $ 19,726 $ 15,692
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 50,606 49,031
Stock-based compensation 9,454 10,122
Amortization of prepaid debt fees 808 829
Deferred taxes, net (8,046) (11,543)
Goodwill impairment 977 0
Restructuring expense, non-cash 0 27
Other adjustments, net 85 324
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable (14,712) (4,278)
Inventories (16,801) (25,124)
Other current assets (9,103) (9,408)
Other long-term assets 312 4,489
Accounts payable, other current liabilities, and taxes payable 12,360 (10,280)
Wages and benefits payable 4,473 (5,661)
Unearned revenue 16,560 10,497
Warranty (2,864) (1,797)
Other operating, net 3,356 (3,946)
Net cash provided by operating activities 67,191 18,974
Investing activities    
Acquisitions of property, plant, and equipment (19,403) (28,895)
Business acquisitions, net of cash and cash equivalents acquired 0 (860)
Other investing, net 56 241
Net cash used in investing activities (19,347) (29,514)
Financing activities    
Proceeds from borrowings 0 15,000
Payments on debt (51,250) (22,500)
Issuance of common stock 1,530 2,590
Repurchase of common stock (7,164) (16,126)
Other financing, net 1,204 2,220
Net cash used in financing activities (55,680) (18,816)
Effect of foreign exchange rate changes on cash and cash equivalents (2,189) (3,393)
Increase (decrease) in cash and cash equivalents (10,025) (32,749)
Cash and cash equivalents at beginning of period 124,805 136,411
Cash and cash equivalents at end of period 114,780 103,662
Non-cash transactions:    
Property, plant, and equipment purchased but not yet paid 2,445 7,284
Supplemental disclosure of cash flow information:    
Income taxes, net 3,502 8,200
Interest, net of amounts capitalized $ 4,911 $ 3,804