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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 income $ 64,715 $ 53,278 $ 39,001
Adjustments to reconcile net income to net cash from operating activites:      
Depreciation and amortization 58,904 52,770 51,487
Amortization of convertible debt discount 2,158 5,727 5,920
(Gain) loss on disposition of property, plant and equipment (379) 266 1,177
Gain on repurchase of debt 0 0 (3,773)
Stock compensation expense 8,319 7,655 4,208
Withholding taxes paid on stock issuances (1,124) (440) (622)
Loss on the sale of businesses 26,128 0 0
Changes in assets and liabilities, net of the effects of acquisitions/divestitures:      
Accounts receivable (24,707) (35,891) 17,531
Inventories (12,384) (24,006) 53,523
Prepaid expenses and other current assets 59 (3,139) 7,056
Accounts payable 615 12,466 4,149
Accrued liabilities 11,226 11,456 (10,151)
Deferred income taxes 5,386 (1,566) (7,498)
Long-term retirement benefits (18,367) (12,135) (19,959)
Other 475 (681) 1,434
Net cash provided by operating activities 121,024 65,760 143,483
Investing activities:      
Proceeds from disposition of property, plant, and equipment 3,620 1,498 6,808
Proceeds from the sale of businesses, net of cash sold 22,492 0 0
Investment in restricted cash (11,664) 0 0
Capital expenditures (37,082) (28,759) (30,502)
Business acquisitions, net of cash acquired (3,495) 0 0
Other (4,483) (3,038) (2,386)
Net cash used by investing activities (30,612) (30,299) (26,080)
Financing activities:      
Net change in other borrowings 7,168 347 (4,504)
Payments on long-term debt (411,661) (359,542) (226,906)
Proceeds from the issuance of long-term debt 392,390 359,917 129,600
Premium paid on convertible debt redemption (9,803) 0 0
Proceeds from the issuance of common stock 28,579 5,746 6,687
Common stock repurchases (34,066) (28,100) (314)
Dividends paid (18,629) (17,461) (25,600)
Excess tax benefit on stock awards 8,056 0 0
Other (2,229) (207) (832)
Net cash used by financing activities (40,195) (39,300) (121,869)
Effect of exchange rate changes on cash flows (1,162) (138) 935
Increase (decrease) in cash and cash equivalents 49,055 (3,977) (3,531)
Cash and cash equivalents at beginning of year 13,450 17,427 20,958
Cash and cash equivalents at end of year $ 62,505 $ 13,450 $ 17,427