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Interim Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities    
Net income $ 14,581 $ 8,863
Adjustment to reconcile net income to net cash used by operating activities:    
Provision for doubtful accounts 742 591
Depreciation 5,287 5,299
Amortization of intangibles 0 170
Amortization of debt issuance 125 188
Stock-based compensation expense 564 341
Excess tax benefits from stock-based payment arrangements (119) (45)
Provision for deferred income tax (benefit) expense (1,050) (1,036)
Loss on sale of property, plant & equipment (65) (24)
Changes in operating assets and liabilities:    
Accounts receivable (40,411) (28,880)
Inventories (20,537) 11,719
Prepaid expenses and other assets (1,770) (254)
Trade accounts payable and accrued liabilities 9,539 15,503
Income taxes payable (1,499) (2,570)
Other long-term liabilities 1,132 (815)
Net cash provided by (used in) operating activities (33,481) 9,050
Investing Activities    
Acquisitions, net of cash acquired 0 (426)
Purchase of property, plant and equipment (3,048) (2,183)
Proceeds from sale of property, plant and equipment 114 139
Net cash used by investing activities (2,934) (2,470)
Financing Activities    
Net change in bank revolving credit facility 33,500 1,000
Principal payments on long-term debt and capital leases (1,404) (2,773)
Proceeds from issuance of long-term debt 194 261
Dividends paid (1,420) (1,410)
Proceeds from sale of common stock 233 326
Excess tax benefits from stock-based payment arrangements 119 45
Net cash provided by (used in) financing activities 31,222 (2,551)
Effect of exchange rate changes on cash 1,095 (1,651)
Net change in cash and cash equivalents (4,098) 2,378
Cash and cash equivalents at beginning of the period 30,243 17,774
Cash and cash equivalents at end of the period 26,145 20,152
Cash paid during the period for:    
Interest 1,167 2,177
Income taxes $ 9,899 $ 6,213