Supplemental Guarantor Information (Tables)

3 Months Ended

Apr. 01, 2012

Supplemental Guarantor Information [Abstract]

Supplemental Condensed Consolidating Balance Sheets

Supplemental Condensed Consolidating Balance Sheets

	April 1, 2012
	Issuer			Non- Guarantor Subsidiaries		Eliminations			Total
	(Unaudited)
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	53,454		$	316,563	$	—		$	370,017
Receivables, net		108,123			181,792		—			289,915
Inventories, net		120,976			79,924		—			200,900
Deferred income taxes		15,737			4,386		—			20,123
Other current assets		9,616			11,165		—			20,781
Total current assets		307,906			593,830		—			901,736
Property, plant and equipment, less accumulated depreciation		134,100			156,157		—			290,257
Goodwill		242,808			106,744		—			349,552
Intangible assets, less accumulated amortization		76,242			73,177		—			149,419
Deferred income taxes		(3,182	)		12,998		—			9,816
Other long-lived assets		13,099			53,847		—			66,946
Investment in subsidiaries		1,325,084			—		(1,325,084	)		—
	$	2,096,057		$	996,753	$	(1,325,084	)	$	1,767,726
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	90,793		$	131,932	$	—		$	222,725
Accrued liabilities		49,582			74,150		—			123,732
Total current liabilities		140,375			206,082		—			346,457
Long-term debt		550,295			—		—			550,295
Postretirement benefits		33,255			100,693		—			133,948
Other long-term liabilities		23,092			6,046		—			29,138
Intercompany accounts		(43,165	)		43,165		—			—
Total stockholders’ equity		1,392,205			640,767		(1,325,084	)		707,888
	$	2,096,057		$	996,753	$	(1,325,084	)	$	1,767,726

	December 31, 2011
	Issuer			Non- Guarantor Subsidiaries		Eliminations			Total
				(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	92,586		$	290,130	$	—		$	382,716
Receivables, net		117,920			181,150		—			299,070
Inventories, net		125,168			76,975		—			202,143
Deferred income taxes		15,737			3,923		—			19,660
Other current assets		10,121			11,711		—			21,832
Total current assets		361,532			563,889		—			925,421
Property, plant and equipment, less accumulated depreciation		132,909			154,024		—			286,933
Goodwill		242,808			105,224		—			348,032
Intangible assets, less accumulated amortization		77,455			74,228		—			151,683
Deferred income taxes		(1,829	)		14,048		—			12,219
Other long-lived assets		13,666			50,166		—			63,832
Investment in subsidiaries		1,306,843			—		(1,306,843	)		—
	$	2,133,384		$	961,579	$	(1,306,843	)	$	1,788,120
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	94,647		$	132,924	$	—		$	227,571
Accrued liabilities		73,579			80,416		—			153,995
Total current liabilities		168,226			213,340		—			381,566
Long-term debt		550,926			—		—			550,926
Postretirement benefits		42,855			88,382		—			131,237
Other long-term liabilities		23,628			6,214		—			29,842
Intercompany accounts		(33,617	)		33,617		—			—
Total stockholders’ equity		1,381,366			620,026		(1,306,843	)		694,549
	$	2,133,384		$	961,579	$	(1,306,843	)	$	1,788,120

Supplemental Condensed Consolidating Statements of Operations

Supplemental Condensed Consolidating Statements of Comprehensive Income (Unaudited)

	Three Months Ended April 1, 2012
	Issuer			Non- Guarantor Subsidiaries			Eliminations			Total
				(In thousands)
Revenues	$	259,267		$	262,719		$	(57,695	)	$	464,291
Cost of sales		(185,385	)		(194,883	)		57,695			(322,573	)
Gross profit		73,882			67,836			—			141,718
Selling, general and administrative expenses		(46,924	)		(36,302	)		—			(83,226	)
Research and development		(3,583	)		(10,450	)		—			(14,033	)
Amortization of intangibles		(1,177	)		(2,058	)		—			(3,235	)
Income from equity method investment		—			2,741			—			2,741
Operating income		22,198			21,767			—			43,965
Interest expense		(11,904	)		(17	)		—			(11,921	)
Interest income		24			327			—			351
Intercompany income (expense)		(970	)		970			—			—
Income (loss) from equity investment in subsidiaries		18,241			—			(18,241	)		—
Income (loss) from continuing operations before taxes		27,589			23,047			(18,241	)		32,395
Income tax expense		(3,314	)		(4,806	)		—			(8,120	)
Net income (loss)	$	24,275		$	18,241		$	(18,241	)	$	24,275
Comprehensive income (loss)	$	22,630		$	30,512		$	(18,241	)	$	34,901

	Three Months Ended April 3, 2011
	Issuer			Non- Guarantor Subsidiaries			Eliminations			Total
				(In thousands)
Revenues	$	256,666		$	252,105		$	(47,143	)	$	461,628
Cost of sales		(185,576	)		(192,740	)		47,143			(331,173	)
Gross profit		71,090			59,365			—			130,455
Selling, general and administrative expenses		(43,976	)		(30,960	)		—			(74,936	)
Research and development		(4,708	)		(8,921	)		—			(13,629	)
Amortization of intangibles		(1,710	)		(1,969	)		—			(3,679	)
Income from equity method investment		—			3,862			—			3,862
Operating income		20,696			21,377			—			42,073
Interest expense		(11,782	)		(26	)		—			(11,808	)
Interest income		43			116			—			159
Intercompany income (expense)		(1,682	)		1,682			—			—
Income (loss) from equity investment in subsidiaries		15,466			—			(15,466	)		—
Income (loss) from continuing operations before taxes		22,741			23,149			(15,466	)		30,424
Income tax expense		(723	)		(7,683	)		—			(8,406	)
Income (loss) from continuing operations		22,018			15,466			(15,466	)		22,018
Loss from discontinued operations, net of tax		(128	)		—			—			(128	)
Net income (loss)	$	21,890		$	15,466		$	(15,466	)	$	21,890
Comprehensive income (loss)	$	21,890		$	38,223		$	(15,466	)	$	44,647

Supplemental Condensed Consolidating Statements of Cash Flows

Supplemental Condensed Consolidating Statements of Cash Flows (Unaudited)

	Three Months Ended April 1, 2012
	Issuer			Non- Guarantor Subsidiaries			Total
	(In thousands)
Net cash provided by (used for) operating activities	$	(11,907	)	$	24,655		$	12,748
Cash flows from investing activities:
Capital expenditures		(4,927	)		(2,630	)		(7,557	)
Cash used to acquire businesses, net of cash acquired		(587	)		—			(587	)
Net cash used for investing activities		(5,514	)		(2,630	)		(8,144	)
Cash flows from financing activities:
Payments under share repurchase program		(25,000	)		—			(25,000	)
Cash dividends paid		(2,409	)		—			(2,409	)
Payments under borrowing arrangements		(600	)		—			(600	)
Proceeds from exercise of stock options		2,179			—			2,179
Tax benefit related to share-based compensation		4,119			—			4,119
Net cash used for financing activities		(21,711	)		—			(21,711	)
Effect of currency exchange rate changes on cash and cash equivalents		—			4,408			4,408
Increase (decrease) in cash and cash equivalents		(39,132	)		26,433			(12,699	)
Cash and cash equivalents, beginning of period		92,586			290,130			382,716
Cash and cash equivalents, end of period	$	53,454		$	316,563		$	370,017

	Three Months Ended April 3, 2011
	Issuer			Non- Guarantor Subsidiaries			Total
				(In thousands)
Net cash provided by (used for) operating activities	$	(21,326	)	$	5,699		$	(15,627	)
Cash flows from investing activities:
Cash used to acquire businesses, net of cash acquired		(23,192	)		—			(23,192	)
Capital expenditures		(4,164	)		(2,634	)		(6,798	)
Proceeds from disposal of tangible assets		1,118			18			1,136
Net cash used for investing activities		(26,238	)		(2,616	)		(28,854	)
Cash flows from financing activities:
Cash dividends paid		(2,392	)		—			(2,392	)
Tax benefit related to share-based compensation		1,668			—			1,668
Proceeds from exercise of stock options		3,952			—			3,952
Intercompany capital contributions and dividends		(27,546	)		27,546			—
Net cash provided by (used for) financing activities		(24,318	)		27,546			3,228
Effect of currency exchange rate changes on cash and cash equivalents		—			5,685			5,685
Increase (decrease) in cash and cash equivalents		(71,882	)		36,314			(35,568	)
Cash and cash equivalents, beginning of period		173,699			184,954			358,653
Cash and cash equivalents, end of period	$	101,817		$	221,268		$	323,085