Supplemental Cash Flow Disclosures

12 Months Ended

Dec. 31, 2013

4.	SUPPLEMENTAL CASH FLOW DISCLOSURES

	For the year ended December 31,
In thousands	2013		2012		2011
Interest paid during the year	$	15,601	$	16,309	$	16,505
Income taxes paid during the year, net of amount refunded		137,945		135,691		68,053
Business acquisitions:
Fair Value of assets acquired	$	267,306	$	198,066	$	160,862
Liabilities assumed		44,846		46,009		47,620
Cash paid		222,460		152,057		113,242
Less cash acquired		671		2,303		4,248
Net cash paid	$	221,789	$	149,754	$	108,994

On December 11, 2013, the Board of Directors amended its stock repurchase authorization to $200 million of the Company’s outstanding shares. This share repurchase authorization supersedes the previous authorization of $150 million of which $44.4 million remained. Through December 31, 2013, no shares have been repurchased under the new authorization.

The Company intends to purchase shares on the open market or in negotiated or block trades. No time limit was set for the completion of the programs which conform to the requirements under the 2013 Refinancing Credit Agreement, as well as the Notes currently outstanding.

During the first and second quarters of 2013, no shares were repurchased. During the third quarter of 2013, the Company repurchased 93,205 shares at an average price of $58.86 per share. During the fourth quarter of 2013, the Company repurchased 413,900 shares at an average price of $66.47 per share. All purchases were on the open market.

During the first quarter of 2012, no shares were repurchased. During the second quarter of 2012, the Company repurchased 597,600 shares at an average price of $36.69 per share. During the third quarter of 2012, the Company repurchased 155,000 shares at an average price of $39.16 per share. During the fourth quarter of 2012, the Company repurchased 462,200 shares at an average price of $40.15 per share. All purchases were on the open market.