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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 99,472 $ 10,706
Net income from discontinued operations (89,938) (6,524)
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 6,650 6,687
Non-cash stock-based compensation 2,051 2,399
Non-cash loss from investment in associated company, net of tax 1,239 6,540
Amortization of debt issuance costs 552 414
Deferred income taxes 5,735 6,337
Gain from asset dispositions (140) (49)
Non-cash gain from derivatives (205) (89)
Reclassification of net cash settlements on precious metal contracts to investing activities 100 554
Change in operating assets and liabilities, net of acquisitions:    
Trade and other receivables (30,949) (29,348)
Inventories (6,324) (16,129)
Prepaid and other current assets 1,120 2,306
Other current liabilities 1,520 6,508
Other items, net (137) 269
Net cash used in continuing operations (9,254) (9,419)
Net cash (used in) provided by discontinued operations (2,266) 7,861
Net cash used in operating activities (11,520) (1,558)
Cash flows from investing activities:    
Additions to property, plant and equipment (6,979) (4,971)
Net cash settlements on precious metal contracts (100) (554)
Acquisitions, net of cash acquired (27,440) 0
Proceeds from sale of assets 181 126
Investments in associated company (7,607) 0
Proceeds from sale of discontinued operations 152,889 0
Net cash used in investing activities of discontinued operations (75) (1,490)
Net cash provided by (used in) investing activities 110,869 (6,889)
Cash flows from financing activities:    
Proceeds from WHX CS Loan 0 4,500
Net revolver (repayments) borrowings (111,475) 10,350
Net borrowings on loans - foreign 268 323
Repayments of term loans - domestic (176) (6,409)
Deferred finance charges (328) (88)
Net change in overdrafts (450) 1,912
Purchases of treasury stock 0 (4,593)
Other financing activities 9 (2)
Net cash provided by financing activities of discontinued operations 0 1,495
Net cash (used in) provided by financing activities (112,152) 7,488
Net change for the period (12,803) (959)
Effect of exchange rate changes on cash and cash equivalents (98) (20)
Cash and cash equivalents at beginning of period 31,649 10,300
Cash and cash equivalents at end of period 18,748 9,321
Interest 1,686 3,299
Taxes $ 2,881 $ 3,496