Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net earnings $ 44,767 $ 6,846
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation of property, plant and equipment 31,207 30,886
Amortization of deferred financing costs 901 713
Amortization of intangible assets 679 680
Provision for bad debts and returns 3,362 1,631
Tax (expense) benefit from share-based compensation (4) 443
Non-cash share-based compensation 1,761 9,981
Loss on disposal of property, plant and equipment 233 206
Deferred income taxes (benefits) 12,043 (6,061)
(Increase) decrease in assets:    
Receivables (58,930) (66,339)
Inventories 27,308 (74,389)
Prepaid expenses and other current assets 3,755 54,212
Other assets (3,551) 650
Increase (decrease) in liabilities:    
Accounts payable (16,158) 11,996
Accrued expenses (1,617) 7,821
Net cash provided by (used in) operating activities 45,756 (20,724)
Cash flows from investing activities:    
Capital expenditures (29,542) (28,174)
Net cash used in investing activities (29,542) (28,174)
Cash flows from financing activities:    
Net proceeds from the issuances of stock through employee stock purchase plan and the exercise of stock options 1,492 1,998
Proceeds from long-term borrowings 0 1,838
Payments on long-term borrowings (8,719) (7,902)
Proceeds (payments) on short-term borrowings (2,339) 7,236
Contribution from non-controlling interest of consolidated entity 3,635 2,000
Distributions to non-controlling interest of consolidated entity (2,575) 0
Excess tax benefits from share-based compensation 64 0
Net cash (used in) provided by financing activities (8,442) 5,170
Net increase (decrease) in cash and cash equivalents 7,772 (43,728)
Effect of exchange rates on cash and cash equivalents (785) 530
Cash and cash equivalents at beginning of the period 325,826 351,144
Cash and cash equivalents at end of the period 332,813 307,946
Cash paid (received) during the period for:    
Interest 7,999 8,877
Income taxes $ 5,546 $ (50,821)