2013 Form 10-K Financial Statement

#000119312513310489 Filed on July 30, 2013

View on sec.gov

Income Statement

Concept 2013 2012 Q2 2012 Q1
Revenue $2.612B $755.4M $611.3M
YoY Change 3.06% 11.8% 7.34%
Cost Of Revenue $2.216B $633.9M $527.9M
YoY Change 0.63% 13.91% 9.71%
Gross Profit $396.6M $121.5M $83.33M
YoY Change 19.16% 1.93% -5.58%
Gross Profit Margin 15.18% 16.08% 13.63%
Selling, General & Admin $258.3M $64.30M $62.49M
YoY Change 14.78% 4.21% 4.5%
% of Gross Profit 65.13% 52.94% 74.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $66.47M $15.30M $14.65M
YoY Change 18.96% 10.87% -7.26%
% of Gross Profit 16.76% 12.6% 17.58%
Operating Expenses $258.3M $64.40M $62.49M
YoY Change 14.78% 25.54% 4.67%
Operating Profit $129.1M $57.07M $18.08M
YoY Change 27.1% -15.92% -36.7%
Interest Expense $23.92M $21.20M $5.073M
YoY Change 22.68% 4.95% -59.09%
% of Operating Profit 18.52% 37.15% 28.07%
Other Income/Expense, Net $1.500M $900.0K $700.0K
YoY Change -34.78% -10.0% -450.0%
Pretax Income $201.3M $77.60M $37.74M
YoY Change 13.56% -7.07% -6.13%
Income Tax $64.47M $23.20M $9.337M
% Of Pretax Income 32.02% 29.9% 24.74%
Net Earnings $136.4M $52.08M $25.88M
YoY Change 18.03% 0.31% -1.69%
Net Earnings / Revenue 5.22% 6.89% 4.23%
Basic Earnings Per Share $1.97 $0.76 $0.38
Diluted Earnings Per Share $1.91 $0.75 $0.37
COMMON SHARES
Basic Shares Outstanding 69.30M shares 68.97M shares
Diluted Shares Outstanding 71.31M shares 69.51M shares

Balance Sheet

Concept 2013 2012 Q2 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $51.40M $41.00M $35.30M
YoY Change 25.37% -27.05% -28.97%
Cash & Equivalents $51.40M $41.03M $35.27M
Short-Term Investments
Other Short-Term Assets $64.40M $69.50M $80.50M
YoY Change -7.34% -7.09% 35.75%
Inventory $356.8M $401.9M $395.1M
Prepaid Expenses
Receivables $393.6M $400.9M $373.5M
Other Receivables $700.0K $900.0K $4.300M
Total Short-Term Assets $866.9M $914.2M $888.6M
YoY Change -5.17% 2.54% 6.23%
LONG-TERM ASSETS
Property, Plant & Equipment $459.4M $443.1M $455.1M
YoY Change 3.68% 9.31% -8.17%
Goodwill $156.7M
YoY Change 67.34%
Intangibles $100.3M
YoY Change 402.72%
Long-Term Investments $246.1M $240.9M $238.0M
YoY Change 2.16% 3.76% 90.25%
Other Assets $17.40M $22.59M $23.20M
YoY Change -23.01% -7.97% 39.76%
Total Long-Term Assets $1.084B $963.6M $970.8M
YoY Change 12.49% 24.23% 28.33%
TOTAL ASSETS
Total Short-Term Assets $866.9M $914.2M $888.6M
Total Long-Term Assets $1.084B $963.6M $970.8M
Total Assets $1.951B $1.878B $1.859B
YoY Change 3.89% 12.63% 16.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $216.8M $252.3M $264.3M
YoY Change -14.07% -0.42% -0.56%
Accrued Expenses $104.6M $38.23M $97.80M
YoY Change -4.47% -26.51% 1.66%
Deferred Revenue
YoY Change
Short-Term Debt $113.7M $274.9M $285.8M
YoY Change -58.64% 106.78% 253.71%
Long-Term Debt Due $1.100M $1.329M $600.0K
YoY Change -15.38%
Total Short-Term Liabilities $448.9M $658.3M $657.0M
YoY Change -31.81% 25.38% 45.94%
LONG-TERM LIABILITIES
Long-Term Debt $406.2M $257.5M $252.5M
YoY Change 57.75% 2.88% 0.88%
Other Long-Term Liabilities $134.1M $72.37M $122.9M
YoY Change -5.23% 27.88% 75.82%
Total Long-Term Liabilities $540.3M $329.8M $375.4M
YoY Change 35.41% 7.49% 17.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $448.9M $658.3M $657.0M
Total Long-Term Liabilities $540.3M $329.8M $375.4M
Total Liabilities $1.120B $1.130B $1.169B
YoY Change -5.13% 22.0% 30.15%
SHAREHOLDERS EQUITY
Retained Earnings $525.2M
YoY Change 4.13%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $830.8M $697.2M $690.8M
YoY Change
Total Liabilities & Shareholders Equity $1.951B $1.878B $1.859B
YoY Change 3.89% 12.63% 16.72%

Cashflow Statement

Concept 2013 2012 Q2 2012 Q1
OPERATING ACTIVITIES
Net Income $136.4M $52.08M $25.88M
YoY Change 18.03% 0.31% -1.69%
Depreciation, Depletion And Amortization $66.47M $15.30M $14.65M
YoY Change 18.96% 10.87% -7.26%
Cash From Operating Activities $273.0M $36.60M $87.44M
YoY Change 57.2% 120.48% 34.52%
INVESTING ACTIVITIES
Capital Expenditures $44.59M -$15.90M $5.769M
YoY Change 40.6% 160.66% -213.12%
Acquisitions $175.2M $152.4M
YoY Change -26.94%
Other Investing Activities -$863.0K $17.50M -$105.2M
YoY Change -98.12% 127.27% 445.08%
Cash From Investing Activities -$202.0M $1.600M -$111.0M
YoY Change 7.09% 0.0% 354.74%
FINANCING ACTIVITIES
Cash Dividend Paid $44.14M $8.273M
YoY Change 37.36%
Common Stock Issuance & Retirement, Net -$7.497M $1.186M
YoY Change -112.03%
Debt Paid & Issued, Net $1.480M $95.00K
YoY Change 332.75%
Cash From Financing Activities -60.64M -32.60M 4.979M
YoY Change 31485.42% 176.27% -109.61%
NET CHANGE
Cash From Operating Activities 273.0M 36.60M 87.44M
Cash From Investing Activities -202.0M 1.600M -111.0M
Cash From Financing Activities -60.64M -32.60M 4.979M
Net Change In Cash 10.36M 5.600M -18.54M
YoY Change -168.41% -12.5% 65.54%
FREE CASH FLOW
Cash From Operating Activities $273.0M $36.60M $87.44M
Capital Expenditures $44.59M -$15.90M $5.769M
Free Cash Flow $228.4M $52.50M $81.67M
YoY Change 60.91% 131.28% 16.5%

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<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Economic (Non-designated) Hedges</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px" align="justify"><font style="FONT-FAMILY: Times New Roman" size="2">We enter into foreign currency contracts to manage our foreign exchange exposure related to inter-company and financing transactions that do not meet the requirements for hedge accounting treatment. We also enter into certain commodity contracts that do not qualify for hedge accounting treatment. Accordingly, these derivative instruments are adjusted to current market value at the end of each period through earnings.</font></p> </div>
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CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-77115000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4109000
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
13831000
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2013000 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2013 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-1810000
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
94624000
CY2013 us-gaap Payments For Restructuring
PaymentsForRestructuring
4766000
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y22D
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
1415000
CY2013 us-gaap Cost Of Goods Sold
CostOfGoodsSold
2215601000
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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-3688000
CY2013 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
4355000
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.013 pure
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64465000
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
4131000
CY2013 us-gaap Depreciation
Depreciation
56002000
CY2013 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Cash Flow Hedges</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px" align="justify"><font style="FONT-FAMILY: Times New Roman" size="2">We enter into derivative instruments to hedge our exposure to changes in cash flows attributable to interest rate and commodity price fluctuations associated with certain forecasted transactions. These derivative instruments are designated and qualify as cash flow hedges. Accordingly, the effective portion of the gain or loss on the derivative instrument is reported as a component of other comprehensive income (&#x201C;OCI&#x201D;) and reclassified into earnings in the same line associated with the forecasted transaction and in the same period during which the hedged transaction affects earnings. The ineffective portion of the gain or loss on the derivative instrument is recognized in earnings immediately.</font></p> </div>
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
64260000
CY2013 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-863000
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13270000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
201300000
CY2013 us-gaap Gross Profit
GrossProfit
396643000
CY2013 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
9955000
CY2013 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
216002000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1798000
CY2013 us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
332849000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
452000
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
257667 shares
CY2013 us-gaap Dividends Cash
DividendsCash
36471000
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-730000
CY2013 us-gaap Net Income Loss
NetIncomeLoss
136442000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
5183000
CY2013 us-gaap Interest Paid Net
InterestPaidNet
22614000
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
258324000
CY2013 us-gaap Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
4575000
CY2013 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-18801000
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
322000
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
136442000
CY2013 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
145199000
CY2013 us-gaap Use Of Estimates
UseOfEstimates
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CY2013 us-gaap Payments Of Dividends
PaymentsOfDividends
44144000
CY2013 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
pure
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10467000
CY2013 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
56713000
CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
4998000
CY2013 us-gaap Interest Expense
InterestExpense
23918000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.93
CY2013 us-gaap Defined Benefit Plan Investment Policies And Strategies Narrative Description
DefinedBenefitPlanInvestmentPoliciesAndStrategiesNarrativeDescription
The investment policy and strategy for the defined benefit plan is (i) long-term in nature with liquidity requirements that are anticipated to be minimal due to the projected normal retirement date of the average employee and the current average age of participants; (ii) to earn nominal returns, net of investment fees, equal to or in excess of the actuarial assumptions of the plan; and (iii) to include a strategic asset allocation of 60-80% equities, including international, and 20-40% fixed income investments.
CY2013 wor Income Loss From Continuing Operations Before Income Taxes
IncomeLossFromContinuingOperationsBeforeIncomeTaxes
200907000
CY2013 wor Equity Method Investment Summarized Financial Information Depreciation And Amortization
EquityMethodInvestmentSummarizedFinancialInformationDepreciationAndAmortization
40712000
CY2013 wor Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
8894000
CY2013 wor Equity Method Investment Summarized Financial Information Operating Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOperatingIncomeLoss
230924000
CY2013 wor Estimated Unrecognized Tax Benefits Period Increase Decrease Due To Expiration Of Certain Statutes Of Limitations
EstimatedUnrecognizedTaxBenefitsPeriodIncreaseDecreaseDueToExpirationOfCertainStatutesOfLimitations
528000
CY2013 wor Share Based Compensation Arrangement By Share Based Payment Award Nonvested Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonvestedOptionsGrantsInPeriod
1034000 shares
CY2013 wor Share Based Compensation Arrangement By Share Based Payment Award Nonvested Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonvestedOptionsVestedInPeriod
1136000 shares
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax
794000
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
101610000
CY2013 wor Share Based Compensation Arrangement By Share Based Payment Award Nonvested Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonvestedOptionsForfeituresInPeriod
170000 shares
CY2013 wor Share Based Compensation Arrangement By Share Based Payment Award Options Expiration Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationTerm
P10Y
CY2013 wor Share Based Compensation Arrangement By Share Based Payment Award Nonvested Options Granted In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonvestedOptionsGrantedInPeriodWeightedAverageGrantDateFairValue
6.93
CY2013 wor Share Based Compensation Arrangement By Share Based Payment Award Nonvested Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonvestedOptionsVestedInPeriodWeightedAverageGrantDateFairValue
5.69
CY2013 wor Share Based Compensation Arrangement By Share Based Payment Award Nonvested Options Forfeited In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonvestedOptionsForfeitedInPeriodWeightedAverageGrantDateFairValue
5.35
CY2013 wor Equity Method Investment Summarized Financial Information Income Tax Expense Benefit
EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxExpenseBenefit
6856000
CY2013 wor Joint Venture Transactions
JointVentureTransactions
-604000
CY2013 wor Joint Venture Transaction Costs
JointVentureTransactionCosts
604000
CY2013 wor Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss And Net Periodic Benefit Credit Cost
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossAndNetPeriodicBenefitCreditCost
4804000
CY2013 wor Retirement Plan Cost
RetirementPlanCost
10149000
CY2013 wor Unrecognized Tax Benefits Net Increases Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsNetIncreasesDecreasesResultingFromCurrentPeriodTaxPositions
121000
CY2013 wor Effective Income Tax Rate From Continuing Operations Including Noncontrolling Interests
EffectiveIncomeTaxRateFromContinuingOperationsIncludingNoncontrollingInterests
0.320 pure
CY2013 wor Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred Tax
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferredTax
1372000
CY2013 wor Effective Income Tax Rate Reconciliation Foreign Valuation Allowance
EffectiveIncomeTaxRateReconciliationForeignValuationAllowance
0.011 pure
CY2012 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
1019000
CY2012 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1689000
CY2012 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-332000
CY2012 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
9758000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.006 pure
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.65
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
15.55
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-45847000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
67000
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
339000
CY2012 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-5563000
CY2012 us-gaap Profit Loss
ProfitLoss
125353000
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
675000 shares
CY2012 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
37089000
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
173649000
CY2012 us-gaap Other Restructuring Costs
OtherRestructuringCosts
9116000
CY2012 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-32782000
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
11116000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y1M13D
CY2012 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
5293000
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
239851000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
-0.028 pure
CY2012 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
342000
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11462000
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
91233000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
51129000
CY2012 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
22006000
CY2012 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6631000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
CY2012 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-2611000
CY2012 us-gaap Asset Impairment Charges
AssetImpairmentCharges
355000
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
55873000
CY2012 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax
12899000
CY2012 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
1685743000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
21.15
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
318000
CY2012 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-318000
CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
73418000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
shares
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
14972000
CY2012 us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
2047000
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
47543000
CY2012 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0560 pure
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
55873000
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.310 pure
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-69000
CY2012 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
756000
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-1245000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-188596000
CY2012 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0800 pure
CY2012 us-gaap Sales Revenue Net
SalesRevenueNet
2534701000
CY2012 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
73418000
CY2012 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
4466970 shares
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-17930000
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-27489000
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.66
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
CY2012 us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
2534701000
CY2012 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1982000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
16.87
CY2012 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-2039000
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.017 pure
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
11428000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31713000
CY2012 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
97626000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-15139000
CY2012 us-gaap Defined Benefit Plan Benefits Paid
DefinedBenefitPlanBenefitsPaid
500000
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5880000
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-4141000
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
9241000
CY2012 us-gaap Restructuring Charges
RestructuringCharges
5984000
CY2012 us-gaap Advertising Expense
AdvertisingExpense
4788000
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-8478000
CY2012 us-gaap Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Pension Cost Net Of Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax
70000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
600000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70252000 shares
CY2012 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
32000
CY2012 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
2319000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-192000
CY2012 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
138471000
CY2012 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1213000
CY2012 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
5918000
CY2012 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
1227000
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-17930000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
266000 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.024 pure
CY2012 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
355000
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
-636000
CY2012 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
9494000
CY2012 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
7871000
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
578000
CY2012 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
1500000
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69651000 shares
CY2012 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
4313000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
162285000
CY2012 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-956000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
51904000
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
115595000
CY2012 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
97864000
CY2012 us-gaap Payments Of Dividends
PaymentsOfDividends
32138000
CY2012 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
pure
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5229000
CY2012 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
68611000
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-17310000
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2756000
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
14433000
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
601000 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2012 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
10496000
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
92825000
CY2012 us-gaap Payments For Restructuring
PaymentsForRestructuring
18212000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y6M11D
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-4975000
CY2012 us-gaap Cost Of Goods Sold
CostOfGoodsSold
2201833000
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
14216000
CY2012 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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