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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 37,052$ 27,342
Adjustments to reconcile net income to net cash provided by (used in) operating activities:  
Depreciation and amortization9,6246,790
Provision for doubtful accounts1,332(116)
Noncash stock compensation806623
Deferred tax (benefit)(713)(2,664)
Change in fair value of derivatives(230)(201)
Changes in:  
Accounts receivable(73,248)(16,399)
Inventories(73,966)(23,577)
Other assets4,7872,872
Accounts payable and accrued expenses50,11132,770
Income taxes payable, net(4,629)3,857
Net cash provided by (used in) operating activities(49,074)31,297
Cash flows from investing activities:  
Purchases of short-term investments(10,961)(67,629)
Proceeds from sale of short-term investments55,8807,891
Purchases of equipment and leasehold improvements(7,578)(3,235)
Payment for intangible assets acquired(3,498)(1,987)
Net cash provided by (used in) investing activities33,843(64,960)
Cash flows from financing activities:  
Proceeds from loans payable - banks, net15,6861,483
Repayment of long-term debt(8,846)(8,015)
Proceeds from exercise of options, including tax benefits9582,652
Proceeds from sale of stock of subsidiary2,8444,493
Payment for noncontrolling interests acquired(750)(4,595)
Dividends paid(6,861)(4,939)
Dividends paid to noncontrolling interest(3,149)(2,049)
Purchase of treasury stock (106)
Net cash used in financing activities(118)(11,076)
Effect of exchange rate changes on cash986(7,058)
Net decrease in cash and cash equivalents(14,363)(51,797)
Cash and cash equivalents - beginning of period37,548100,467
Cash and cash equivalents - end of period23,18548,670
Cash paid for:  
Interest1,6861,671
Income taxes$ 23,795$ 10,296