XML 53 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net income (loss) $ 93,344us-gaap_NetIncomeLoss $ (370)us-gaap_NetIncomeLoss
Net income from discontinued operations (90,086)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (2,856)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 3,250us-gaap_OtherDepreciationAndAmortization 3,327us-gaap_OtherDepreciationAndAmortization
Non-cash stock-based compensation 1,345us-gaap_RestrictedStockExpense 1,078us-gaap_RestrictedStockExpense
Non-cash (gain) loss from investment in associated company, net of tax (922)us-gaap_IncomeLossFromEquityMethodInvestments 5,298us-gaap_IncomeLossFromEquityMethodInvestments
Amortization of debt issuance costs 284us-gaap_AmortizationOfFinancingCostsAndDiscounts 207us-gaap_AmortizationOfFinancingCostsAndDiscounts
Deferred income taxes 1,166us-gaap_DeferredIncomeTaxesAndTaxCredits 1,270us-gaap_DeferredIncomeTaxesAndTaxCredits
Gain from asset dispositions (55)us-gaap_GainLossOnSaleOfPropertyPlantEquipment (23)us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Non-cash loss (gain) from derivatives 198us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet (442)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
Reclassification of net cash settlements on precious metal contracts to investing activities 8us-gaap_OtherNoncashIncomeExpense 302us-gaap_OtherNoncashIncomeExpense
Change in operating assets and liabilities, net of acquisitions:    
Trade and other receivables (21,908)us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets (17,061)us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
Inventories (8,367)us-gaap_IncreaseDecreaseInInventoriesAndOtherOperatingAssets (9,345)us-gaap_IncreaseDecreaseInInventoriesAndOtherOperatingAssets
Prepaid and other current assets 1,073us-gaap_IncreaseDecreaseInOtherCurrentAssets 1,080us-gaap_IncreaseDecreaseInOtherCurrentAssets
Other current liabilities (1,914)us-gaap_IncreaseDecreaseInOtherCurrentLiabilities (2,472)us-gaap_IncreaseDecreaseInOtherCurrentLiabilities
Other items, net (295)us-gaap_IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet 19us-gaap_IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
Net cash used in continuing operations (22,879)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (19,988)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Net cash (used in) provided by discontinued operations (2,264)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations 1,315us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
Net cash used in operating activities (25,143)us-gaap_NetCashProvidedByUsedInOperatingActivities (18,673)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Additions to property, plant and equipment (3,775)us-gaap_PaymentsToAcquireAssetsInvestingActivities (2,419)us-gaap_PaymentsToAcquireAssetsInvestingActivities
Net cash settlements on precious metal contracts (8)us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities (302)us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
Acquisitions, net of cash acquired (27,000)us-gaap_PaymentsToAcquireBusinessesGross 0us-gaap_PaymentsToAcquireBusinessesGross
Proceeds from sale of assets 79us-gaap_ProceedsFromSalesOfAssetsInvestingActivities 64us-gaap_ProceedsFromSalesOfAssetsInvestingActivities
Investments in associated company (7,368)us-gaap_PaymentsToAcquireInvestments 0us-gaap_PaymentsToAcquireInvestments
Proceeds from sale of discontinued operations 152,889us-gaap_ProceedsFromDivestitureOfBusinesses 0us-gaap_ProceedsFromDivestitureOfBusinesses
Net cash used in investing activities of discontinued operations (75)us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations (834)us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
Net cash provided by (used in) investing activities 114,742us-gaap_NetCashProvidedByUsedInInvestingActivities (3,491)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Net revolver (repayments) borrowings (103,670)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit 19,800us-gaap_ProceedsFromRepaymentsOfLinesOfCredit
Net borrowings on loans - foreign 266us-gaap_ProceedsFromRepaymentsOfOtherDebt 225us-gaap_ProceedsFromRepaymentsOfOtherDebt
Repayments of term loans - domestic (88)us-gaap_RepaymentsOfDebt (3,205)us-gaap_RepaymentsOfDebt
Deferred finance charges (282)us-gaap_PaymentsOfFinancingCosts 0us-gaap_PaymentsOfFinancingCosts
Net change in overdrafts 1,555us-gaap_IncreaseDecreaseInBookOverdrafts 2,672us-gaap_IncreaseDecreaseInBookOverdrafts
Purchases of treasury stock 0us-gaap_PaymentsForRepurchaseOfCommonStock (33)us-gaap_PaymentsForRepurchaseOfCommonStock
Other financing activities (7)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (9)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash provided by financing activities of discontinued operations 0us-gaap_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations 1,495us-gaap_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
Net cash (used in) provided by financing activities (102,226)us-gaap_NetCashProvidedByUsedInFinancingActivities 20,945us-gaap_NetCashProvidedByUsedInFinancingActivities
Net change for the period (12,627)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (1,219)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Effect of exchange rate changes on cash and cash equivalents (161)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (19)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Cash and cash equivalents at beginning of period 31,649us-gaap_CashAndCashEquivalentsAtCarryingValue 10,300us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 18,861us-gaap_CashAndCashEquivalentsAtCarryingValue 9,062us-gaap_CashAndCashEquivalentsAtCarryingValue
Interest 1,011us-gaap_InterestPaid 1,537us-gaap_InterestPaid
Taxes $ 1,006us-gaap_IncomeTaxesPaid $ 1,784us-gaap_IncomeTaxesPaid