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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities    
Net income $ 98,133 $ 77,023
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of fixed assets (2,831)  
Depreciation and amortization 17,127 16,920
Amortization of intangible assets 15,449 12,733
Amortization of debt issuance expenses 647 219
Share-based compensation expense 10,082 9,330
Deferred income taxes 2,427 1,656
Excess tax benefit from share based compensation (4,010) (2,284)
Changes in:    
Receivables (25,722) (20,950)
Inventories (19,532) (14,618)
Trade accounts payable 6,101 10,668
Accrued expenses (6,490) 9,547
Other - net (10,543) (4,539)
Net cash flows provided by operating activities 80,838 95,705
Cash flows from investing activities    
Cash purchases of property, plant and equipment (18,618) (17,533)
Proceeds from disposal of fixed assets 12,651  
Acquisition of businesses, net of cash acquired (446,044) (51,273)
Other - net (2,289)  
Net cash flows used in investing activities (454,300) (68,806)
Cash flows from financing activities    
Borrowings under credit facilities for acquisitions 365,000 53,866
Borrowings under revolving facilities 374,222  
Borrowings under credit facilities 1,886 2,266
Proceeds from issuance of 2.58% Senior Euro Notes   96,762
Payments under credit facilities and term loan (402,976) (73,297)
Debt issuance costs (2,465)  
Dividends paid (26,360) (21,869)
Proceeds from stock option exercises 24,053 5,994
Excess tax benefit from share-based compensation 4,010 2,284
Unvested shares surrendered for tax withholding (5,768) (743)
Net cash flows provided by financing activities 331,602 65,263
Effect of exchange rate changes on cash and cash equivalents 9,685 (6,550)
Net increase (decrease) in cash (32,175) 85,612
Cash and cash equivalents at beginning of year 235,136 73,526
Cash and cash equivalents at end of period 202,961 159,138
Cash paid for:    
Interest 12,821 6,840
Income taxes 35,307 24,974
Significant non-cash activities:    
Contingent consideration for acquisition 2,707  
Debt acquired with acquisition of business 1,400 722
Issuance of unvested shares $ 11,938 $ 2,917