XML 87 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Cash Flow Statements (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 194,490 $ 114,345 $ 108,459
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 59,355 50,174 55,279
Loss on debt extinguishment 52,450    
Asset impairment and loss on sale of assets 33,676 2,549 16,574
Share-based compensation 12,374 11,241 12,177
Provision for inventory obsolescence 5,085 1,160 3,210
Pension funding less than (greater than) pension expense 593 3,812 (4,289)
Tax deficiency (benefit) related to share-based compensation (4,119) (1,790) 110
Income from equity method investment (9,704) (13,169) (11,940)
Gain on sale of businesses and tangible assets (134,480)   (44,847)
Deferred income tax expense (benefit) (42,750) 2,294 (11,577)
Non-cash loss on derivatives and hedging instruments     2,893
Changes in operating assets and liabilities, net of the effects of currency exchange rate changes and acquired businesses:      
Receivables 5,628 4,680 (39,458)
Inventories 31,706 (22,873) (14,031)
Accounts payable (55,166) 9,281 38,513
Accrued liabilities (681) 12,317 (8,203)
Accrued taxes (10,760) (55) (3,793)
Other assets 968 12,219 27,209
Other liabilities 723 (1,622) (14,737)
Net cash provided by operating activities 139,388 184,563 111,549
Cash flows from investing activities:      
Cash used to acquire businesses, net of cash acquired (860,353) (60,519) (119,110)
Capital expenditures (41,010) (40,053) (28,194)
Proceeds from disposal of businesses and tangible assets, net of cash sold 309,423 1,213 138,952
Net cash used for investing activities (591,940) (99,359) (8,352)
Cash flows from financing activities:      
Borrowings under credit arrangements 1,149,966    
Payments under borrowing arrangements (593,864)   (46,268)
Payments under share repurchase program (75,000) (50,000)  
Debt issuance costs paid (15,414) (3,296)  
Cash dividends paid (11,441) (9,410) (9,412)
Proceeds from exercise of stock options 2,372 4,599 3,158
Proceeds from settlement of derivatives 4,024   4,217
Tax benefit (deficiency) related to share-based compensation 4,119 1,790 (110)
Net cash provided by (used for) financing activities 464,762 (56,317) (48,415)
Effect of foreign currency exchange rate changes on cash and cash equivalents 333 (4,988) (5,008)
Increase in cash and cash equivalents 12,543 23,899 49,774
Cash and cash equivalents, beginning of period 382,552 358,653 308,879
Cash and cash equivalents, end of period $ 395,095 $ 382,552 $ 358,653