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Interim Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities  
Net income$ 24,637$ 17,013
Adjustment to reconcile net income to net cash used by operating activities:  
Provision for doubtful accounts685792
Depreciation7,9857,944
Amortization of intangibles0254
Amortization of debt issuance157281
Stock-based compensation expense768474
Excess tax benefits from stock-based payment arrangements(156)(46)
Provision for deferred income tax (benefit) expense(1,333)(1,166)
Loss on sale of property, plant & equipment(130)(946)
Changes in operating assets and liabilities:  
Accounts receivable(22,099)(17,660)
Inventories(17,446)19,506
Prepaid expenses and other assets(1,616)(203)
Trade accounts payable and accrued liabilities1,55312,535
Income taxes payable1,708(2,327)
Other long-term liabilities472(2,105)
Net cash provided by (used in) operating activities(4,815)34,346
Investing Activities  
Acquisitions, net of cash acquired0(428)
Purchase of property, plant and equipment(4,705)(3,579)
Proceeds from sale of property, plant and equipment1951,861
Net cash used in investing activities(4,510)(2,146)
Financing Activities  
Net change in bank revolving credit facility8,000(20,000)
Principal payments on long-term debt and capital leases(1,802)(4,147)
Proceeds from issuance of long-term debt0196
Dividends paid(2,132)(2,117)
Proceeds from sale of common stock258717
Excess tax benefits from stock-based payment arrangements15646
Net cash provided by (used in) financing activities4,480(25,305)
Effect of exchange rate changes on cash(119)(287)
Net change in cash and cash equivalents(4,964)6,608
Cash and cash equivalents at beginning of the period30,24317,774
Cash and cash equivalents at end of the period25,27924,382
Cash paid during the period for:  
Interest1,7283,042
Income taxes$ 11,056$ 6,878