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Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands
9 Months Ended
Oct. 01, 2011
Oct. 02, 2010
OPERATING ACTIVITIES:  
Net income$ 71,786$ 59,085
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation19,03020,706
Amortization of intangibles4,7803,752
Impairment of assets2,3202,988
Stock-based compensation4,5014,043
Non-cash inventory charge (see note 3)3,678 
Excess tax benefit on stock-based compensation(3,873)(947)
(Gain) on sale of assets(258)(334)
Changes in operating assets and liabilities:  
Accounts receivable(12,266)(28,603)
Inventories(4,370)(12,859)
Accounts payable1,0233,015
Accrued expenses (including post-retirement)(28)(4,866)
Accrued payroll and severance(4,918)300
Accrued taxes4,05219,919
Prepaid expenses and other(1,504)8,732
Net cash provided by operating activities83,95374,931
INVESTING ACTIVITIES:  
Purchases of property, plant, and equipment(12,381)(15,740)
Business acquisition settlement50 
Business acquisition, net of cash acquired(11,127) 
Investment(3,000) 
Proceeds from sale of assets5744,748
Net cash (used in) investing activities(25,884)(10,992)
FINANCING ACTIVITIES:  
Proceeds from debt110,00013,345
Payments of term debt(49,000)(6,000)
Payments of revolving credit facility(42,000)(13,124)
Purchases of common stock(37,091)(22,287)
Debt issuance costs(716) 
Cash dividends paid(10,633) 
Proceeds from exercise of stock options21,73811,734
Excess tax benefit on stock-based compensation3,873947
Net cash (used in) financing activities.(3,829)(15,385)
Effect of exchange rate changes on cash and cash equivalents(536)19
Increase in cash and cash equivalents53,70448,573
Cash and cash equivalents at beginning of period109,72070,354
Cash and cash equivalents at end of period$ 163,424$ 118,927