XML 44 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities    
Net Income $ 13,309 $ 14,191
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,075 3,056
Amortization 813 879
Equity in undistributed earnings of associated companies, net of dividends (927) 921
Deferred compensation and other, net 2,944 (861)
Stock-based compensation 1,388 1,040
Gain on Disposal of Property, Plant and Equipment (48) (2)
Insurance settlement realized (337) 0
Pension and other postretirement benefits (1,665) (2,521)
(Decrease) increase in cash from changes in current assets and current liabilities, net of acquisitions:    
Accounts receivable (13,387) (3,977)
Inventories (6,389) (1,837)
Prepaid expenses and other current assets (29) (457)
Accounts payable and accrued liabilities (544) 874
Net cash provided by operating activities (1,797) 11,306
Cash flows from investing activities    
Investments in property, plant and equipment (3,057) (2,723)
Payments related to acquisitions, net of cash acquired 0 (647)
Proceeds from disposition of assets 58 13
Insurance settlement received and interest earned 11 14
Change in restricted cash, net 326 (14)
Net cash used in investing activities (2,662) (3,357)
Cash flows from financing activities    
Net increase in short-term borrowings 0 594
Repayment of long-term debt (232) (2,438)
Dividends paid (3,300) (3,208)
Stock options exercised, other (205) (59)
Excess Tax Benefit Related to Stock Option Exercises, Cash Flow 239 369
Net cash used in financing activities (3,498) (4,742)
Effect of exchange rate changes on cash (85) (498)
Net (Decrease) Increase in Cash and Cash Equivalents (8,042) 2,709
Cash and cash equivalents at beginning of period 68,492 32,547
Cash and cash equivalents at end of period $ 60,450 $ 35,256