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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income (loss)$ 26,289$ (49,981)
Adjustments to reconcile net income (loss) from operations to net cash provided by operations:  
Depreciation and amortization44,55442,444
(Gain) loss on sale of assets10(5,095)
Impairment charge 97,665
Stock based compensation4,5564,275
Deferred financing costs1,2601,199
Provision for doubtful accounts receivable, net of write-offs(133)174
Deferred income tax benefit(314)(4,363)
Foreign currency transaction (gain) loss2,433(151)
Change in operating assets and liabilities:  
Accounts receivable(15,541)(7,799)
Prepaids and other(383)(2,765)
Accounts payable1,040882
Other accrued liabilities and other(9,576)(19,125)
Net cash provided by operating activities54,19557,360
Cash flows from investing activities:  
Purchases of vessels, equipment and other fixed assets(15,002)(65,452)
Proceeds from disposition of vessels and equipment 19,582
Net cash used in investing activities(15,002)(45,870)
Cash flows from financing activities:  
Proceeds from borrowings10,00051,000
Repayments of debt(35,000)(66,000)
Debt refinancing cost (2,000)
Proceeds from exercise of stock options9111,069
Proceeds from issuance of stock521537
Net cash used in financing activities(23,568)(15,394)
Effect of exchange rate changes on cash146(234)
Net increase (decrease) in cash and cash equivalents15,771(4,138)
Cash and cash equivalents at beginning of the period97,19592,079
Cash and cash equivalents at end of the period112,96687,941
Supplemental cash flow information:  
Interest paid, net of interest capitalized19,21815,909
Income taxes paid, net$ 4,485$ 4,001