XML 39 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Condensed Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating activities:    
Net earnings $ 13,691 $ 11,094
Adjustments to reconcile net earnings to net cash provided by (used for) operations:    
Depreciation 3,923 3,793
Amortization 1,992 1,172
Deferred income taxes 112 (15)
Noncurrent employee benefits 482 1,812
Stock-based compensation expense 576 542
Changes in:    
Receivables (5,483) (4,739)
Inventories (4,995) 1,693
Prepaid expenses and other current assets (16) (1,289)
Liabilities other than debt 3,794 3,752
Total adjustments 385 6,721
Net cash provided by operations 14,076 17,815
Investing activities:    
Property, plant and equipment expenditures (2,413) (2,366)
Acquisitions, net of cash acquired and future payments (51,517) (3,954)
Net cash used for investing activities (53,930) (6,320)
Financing activities:    
Net increase in short-term debt 76,339 (7,181)
Dividends paid (4,676) (4,207)
Proceeds from exercise of stock options 209 234
Tax benefit on stock options 115 141
Repurchase of Common stock (30,000)  
Issuance of treasury stock 391 417
Net cash provided by (used for) financing activities 42,378 (10,596)
Effect of foreign exchange rates on cash (988) 285
Increase in cash 1,536 1,184
Cash - beginning of period 4,975 3,089
Cash - end of period $ 6,511 $ 4,273