XML 11 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 61,073$ 27,617
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization78,30575,521
Loss on early redemption of debt1,100 
Foreign exchange loss (gain)724(431)
Deferred income taxes4,6866,049
Excess tax benefits from share-based payment arrangements(3,555)(4,001)
Long-lived asset impairment charges 591
Share based compensation5,4862,436
Other non-cash items(2,478)5,853
Change in operating assets, liabilities and other(125,136)(75,116)
Net cash provided by operating activities20,20538,519
Cash flows from investing activities:  
Capital expenditures(44,247)(31,799)
Proceeds from sale of property, plant and equipment3261,603
Acquisition, net of cash acquired(71,371) 
Net cash used in investing activities(115,292)(30,196)
Cash flows from financing activities:  
Repayments on asset based lending revolver(415,567)(481,209)
Borrowings on asset based lending revolver452,505472,208
Repayment of long-term debt(22,917)(33)
Fees paid to amend or issue debt facilities(1,480)(3,185)
Excess tax benefits from share-based payment arrangements3,5554,001
Stock compensation plan activity39(145)
Net cash provided by (used in) financing activities16,135(8,363)
Effect of exchange rate changes on cash and cash equivalents1,504(107)
Net change in cash and cash equivalents(77,448)(147)
Cash and cash equivalents at beginning of period122,75838,797
Cash and cash equivalents at end of period$ 45,310$ 38,650