Consolidated Balance Sheets
| At December 31 (In thousands, except share data) | 2012 | 2011 |
|---|---|---|
Assets |
||
| Current assets | ||
| Cash and cash equivalents | $112,023 | $194,387 |
| Receivables, net | 578,313 | 543,009 |
| Inventories, net | 397,471 | 313,045 |
| Deferred tax assets, net | 50,760 | 54,275 |
| Other current assets | 37,194 | 45,955 |
| Total current assets | $1,175,761 | $1,150,671 |
| Property, plant, and equipment, net | $489,593 | $442,728 |
| Goodwill | 1,013,300 | 759,442 |
| Other intangible assets, net | 419,021 | 261,448 |
| Deferred tax assets, net | 1,709 | 12,137 |
| Other assets | 15,204 | 9,121 |
| Total assets | $3,114,588 | $2,635,547 |
Liabilities |
||
| Current liabilities | ||
| Current portion of long-term and short-term debt | $128,225 | $2,502 |
| Accounts payable | 157,825 | 150,281 |
| Accrued expenses | 131,067 | 105,196 |
| Income taxes payable | 7,793 | 4,161 |
| Deferred revenue | 171,624 | 206,061 |
| Other current liabilities | 43,214 | 43,957 |
| Total current liabilities | $639,748 | $512,158 |
| Long-term debt | $751,990 | $583,928 |
| Deferred tax liabilities, net | 50,450 | 24,980 |
| Accrued pension and other post-retirement benefit costs | 264,047 | 232,794 |
| Long-term portion of environmental reserves | 14,905 | 19,067 |
| Other liabilities | 80,856 | 57,645 |
| Total liabilities | $1,801,996 | $1,430,572 |
Contingencies and Commitments |
||
| Stockholders’ equity | ||
| Common stock, $1 par value, 100,000,000 shares authorized at December 31, 2012 and 2011; 49,189,702 and 48,878,448 shares issued at December 31, 2012 and 2011, respectively; outstanding shares were 46,449,934 at December 31, 2012 and 46,484,723 at December 31, 2011 | $49,190 | 48,879 |
| Additional paid in capital | 151,883 | 143,192 |
| Retained earnings | 1,261,377 | 1,163,925 |
| Accumulated other comprehensive loss | (55,508) | (65,131) |
| 1,406,942 | 1,290,865 | |
| Less: Common treasury stock, at cost (2,739,768 shares at December 31, 2012 and 2,393,725 shares at December 31, 2011) | (94,350) | (85,890) |
| Total stockholders’ equity | $1,312,592 | $1,204,975 |
| Total liabilities and stockholders’ equity | $3,114,588 | $2,635,547 |