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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities:    
Net income $ 21,563 $ 15,167
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 13,190 7,868
Stock-based compensation expense 3,610 4,355
Deferred income taxes 2,148 782
Equity in undistributed income of unconsolidated joint ventures, net (2,751) (3,975)
Dividends received from unconsolidated joint ventures 2,762 7,184
Pension and postretirement benefits 2,970 3,121
Gain from the sale of property, plant and equipment (1,900)  
Amortization of inventory fair value 1,805  
Changes in operating assets and liabilities excluding effects of acquisition and disposition of businesses:    
Accounts receivable (12,059) (13,356)
Accounts receivable, joint ventures (917) (741)
Inventories (12,165) (8,888)
Pension contribution   (1,478)
Other current assets (3,207) (1,606)
Accounts payable and other accrued expenses (22,177) 6,918
Other, net 767 (232)
Net cash provided by (used in) operating activities (6,361) 15,119
Investing Activities:    
Capital expenditures (8,006) (3,118)
Acquisition of business, net of cash received (139,825) (25,908)
Proceeds from short-term investments 4,000 3,250
Proceeds from the sale of property, plant and equipment, net 5,900  
Return of investment in unconsolidated joint ventures   919
Net cash used in investing activities (137,931) (24,857)
Financing Activities:    
Proceeds from long term borrowings 145,000  
Repayment of debt principal (10,000)  
Payment of long term borrowings acquired through acquisition (7,452)  
Proceeds from sale of capital stock, net 5,464 115
Proceeds from issuance of shares to employee stock purchase plan 396 380
Net cash provided by financing activities 133,408 495
Effect of exchange rate fluctuations on cash 2,396 (3,777)
Net decrease in cash and cash equivalents (8,488) (13,020)
Cash and cash equivalents at beginning of year 80,135 57,738
Cash and cash equivalents at end of quarter 71,647 44,718
Supplemental disclosure of noncash investing and financing activities    
Deferred purchase price for acquisition of business   2,910
Capital lease obligation acquired through acquisition $ 10,831