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Interim Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating Activities    
Net Income $ 6,785 $ 5,667
Adjustment to reconcile net income to net cash used by operating activities:    
Provision for doubtful accounts 11 393
Depreciation 2,518 2,621
Amortization of intangibles 0 0
Amortization of debt issuance 32 94
Stock-based compensation expense 196 140
Excess tax benefits from stock-based payment arrangements (37) (18)
Provision for deferred income tax (benefit) expense 69 (552)
Loss on sale of property, plant & equipment (37) (34)
Changes in operating assets and liabilities:    
Accounts receivable (25,094) (25,625)
Inventories (12,408) (16,410)
Prepaid expenses and other assets (1,486) (1,287)
Trade accounts payable and accrued liabilities 10,723 9,520
Income taxes payable 885 69
Other long-term liabilities 142 1,457
Net cash provided by (used in) operating activities (17,701) (23,965)
Investing Activities    
Acquisitions, net of cash acquired 0 0
Purchase of property, plant and equipment (1,684) (1,433)
Proceeds from sale of property, plant and equipment 49 44
Net cash used in investing activities (1,635) (1,389)
Financing Activities    
Net change in bank revolving credit facility 45,000 24,000
Principal payments on long-term debt and capital leases (492) (892)
Proceeds from issuance debt 2,421 0
Dividends paid (712) (710)
Proceeds from sale of common stock 39 89
Excess tax benefits from stock-based payment arrangements 37 18
Net cash provided by (used in) financing activities 46,293 22,505
Effect of exchange rate changes on cash 613 989
Net change in cash and cash equivalents 27,570 (1,860)
Cash and cash equivalents at beginning of the period 10,288 30,243
Cash and cash equivalents at end of the period 37,858 28,383
Cash paid during the period for:    
Interest 513 746
Income taxes $ 2,426 $ 3,876