XML 53 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating Activities:    
Net income (loss) $ 63,622 $ 35,919
Loss (earnings) from discontinued operations 108 4,236
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 20,655 20,001
Stock-based compensation expense 3,775 5,717
Loss from long-term investments 3,245   
Deferred income taxes (54,330) 950
Equity in undistributed income of unconsolidated joint ventures, net (3,735) (4,041)
Dividends received from unconsolidated joint ventures 2,929 2,762
Pension and postretirement benefits 11,149 4,511
Gain from the sale of property, plant and equipment (579) (1,899)
Impairment of assets 539   
Amortization of inventory fair value    1,805
Changes in operating assets and liabilities excluding effects of acquisition and disposition of businesses:    
Accounts receivable (10,247) (17,898)
Accounts receivable, joint ventures (1,187) (1,235)
Inventories 8,272 (23,547)
Pension contribution (22,326) (5,000)
Other current assets (1,146) (4,440)
Accounts payable and other accrued expenses (6,572) (13,129)
Other, net 1,350 (3,450)
Net cash provided by (used in) operating activities of continuing operations 15,522 1,262
Net cash provided by (used in) operating activites of discontinued operations    (4,006)
Net cash provided by (used in) operating activites 15,522 (2,744)
Investing Activities:    
Capital expenditures (16,465) (12,478)
Proceeds from short-term investments 25,438 8,100
Proceeds from the sale of property, plant and equipment, net 1,979 5,900
Deferred purchase price for previous acquisition of business (3,100)   
Acquisition of business, net of cash received    (139,825)
Net cash provided by (used in) investing activities of continuing operations 7,852 (138,303)
Financing Activities:    
Proceeds from long term borrowings    145,000
Repayment of debt principal and long term lease obligation (17,242) (16,250)
Payment of long term borrowings acquired through acquisition    (7,745)
Proceeds from sale of capital stock, net 7,926 9,692
Issuance of restricted stock shares (755)   
Proceeds from issuance of shares to employee stock purchase plan 413 756
Net cash provided by (used in) financing activities of continuing operations (9,658) 131,453
Effect of exchange rate fluctuations on cash (2,343) 607
Net increase (decrease) in cash and cash equivalents 11,373 (8,987)
Cash and cash equivalents at beginning of year 79,728 80,135
Cash and cash equivalents at end of quarter 91,101 71,148
Supplemental disclosure of noncash investing and financing activities    
Capital lease obligation acquired through acquisition    $ 9,806