Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Cash Flows

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Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 99,859 $ 103,479 $ 77,037
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 40,892 43,560 38,430
Loss on disposal or impairment of property, plant, and equipment 1,582 6,485 3,331
Deferred income taxes 7,140 (3,582) (22,610)
Stock-based compensation 7,833 7,870 6,730
Excess tax benefit from employee stock plans (1,016) (1,828) (498)
Changes in operating assets and liabilities:      
Accounts receivable 18,166 (54,334) (69,500)
Inventories 2,951 (55,223) (87,265)
Prepaid expenses and other current assets (2,025) (10,186) 3,856
Other assets (1,259) (4,520) (1,566)
Accounts payable (12,330) 19,081 26,028
Accrued liabilities (5,199) 17,630 34,224
Income taxes payable (11,052) (7,010) 9,018
Other liabilities 3,126 2,374 6,302
Net cash provided by operating activities 148,668 63,796 23,517
Cash flows from investing activities:      
Purchases of short-term investments (83,969) (46,349) (81,671)
Sales of short-term investments 42,319 112,070 35,601
Capital expenditures (50,491) (78,404) (28,838)
Proceeds from sale of property, plant, and equipment 7,099 168 42
Acquisitions, net of cash acquired 0 0 (16,315)
Net cash used in investing activities (85,042) (12,515) (91,181)
Cash flows from financing activities:      
Proceeds from credit facilities 100,654 119,384 31,680
Repayments on credit facilities (100,498) (119,384) (31,680)
Proceeds from issuance of common stock under employee stock plans 14,600 10,991 7,333
Tax payments related to restricted stock unit issuances (1,486) (2,974) (853)
Excess tax benefit from employee stock plans 1,016 1,828 498
Repurchase of common stock (206) (20,000) (13,838)
Cash dividends paid (29,780) (29,075) (75,439)
Net cash used in financing activities (15,700) (39,230) (82,299)
Net effect of exchange rate changes on cash 1,821 (5,274) (2,444)
Net increase (decrease) in cash and cash equivalents 49,747 6,777 (152,407)
Cash and cash equivalents, beginning of year 241,034 234,257 386,664
Cash and cash equivalents, end of year 290,781 241,034 234,257
Supplemental disclosures of cash flow information:      
Cash paid during the year for income taxes 43,696 42,405 34,924
Supplemental disclosures of non-cash investing activities:      
Capital expenditures incurred but not yet paid $ 5,313 $ 952 $ 1,001