XML 37 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities:      
Net earnings $ 19,161 $ 28,662 $ 34,170
Adjustments to reconcile net earnings to net cash provided by operations:      
Depreciation 7,144 6,704 6,731
Amortization 2,347 1,755 1,427
Deferred income taxes (800) 1,981 5,169
Previously unrecognized tax benefits, including interest     (8,599)
Contributions to pension   (4,700) (10,100)
Gain on legal settlement   (740)  
Noncurrent employee benefits 4,704 2,266 3,670
Stock-based compensation expense 1,470 1,365 1,172
Changes in:      
Receivables (616) (3,777) 1,347
Inventories 42 (14,886) 7,015
Prepaid expenses and other current assets (850) 55 (209)
Liabilities other than debt (1,285) (289) (5,205)
Total adjustments 12,156 (10,266) 2,418
Net cash provided by operations 31,317 18,396 36,588
Investing activities:      
Property, plant and equipment additions (5,336) (9,238) (7,750)
Acquisitions, net of cash acquired (3,954) (7,280)  
Investment in emerging technology company   (1,500)  
Acquisition of intangible assets   (8,028)  
Net cash used for investing activities (9,290) (26,046) (7,750)
Financing activities:      
Net increase (decrease) in short-term debt (11,893) 10,457 (7,437)
Repayments of long-term debt   (5,429) (9,750)
Dividends paid (9,023) (7,784) (6,830)
Proceeds from exercise of stock options 236 362 1,179
Tax benefit on stock options 190 525 1,162
Employee benefit stock purchase   (1,000)  
Issuance of treasury stock 493 152 183
Net cash used for financing activities (19,997) (2,717) (21,493)
Effect of foreign exchange rates on cash (144) 127 (233)
Increase (decrease) in cash 1,886 (10,240) 7,112
Cash - beginning of period 3,089 13,329 6,217
Cash - end of period 4,975 3,089 13,329
Cash paid during the year for:      
Income taxes 10,308 10,884 13,238
Interest (including $11 of capitalized interest in 2009) $ 324 $ 330 $ 861