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Consolidated Statements of Cash Flows - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net (loss) income $ (10,944) $ 106,363 $ 25,170
Net income from discontinued operations 0 (89,372) (9,977)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 40,097 18,380 13,137
Non-cash stock-based compensation 1,466 3,373 5,105
Non-cash loss from associated company, net of tax 5,426 6,532 7,101
Amortization of debt issuance costs 1,118 1,088 1,480
Deferred income taxes 7,958 15,130 13,414
Gain from asset dispositions (620) (62) (176)
Goodwill impairment charges 24,254 0 0
Asset impairment charges 10,398 1,398 1,179
Non-cash loss (gain) from derivatives 14 37 (213)
Reclassification of net cash settlements on precious metal contracts to investing activities (162) (625) (1,093)
Change in operating assets and liabilities, net of acquisitions:      
Trade and other receivables (7,342) 5,402 (817)
Inventories 8,833 9,578 (5,431)
Prepaid and other current assets 1,813 2,674 2,192
Other current liabilities 1,432 (19,011) (18,642)
Other items, net (859) (296) (328)
Net cash provided by continuing operations 82,882 60,589 32,101
Net cash (used in) provided by discontinued operations 0 (2,254) 18,588
Net cash provided by operating activities 82,882 58,335 50,689
Cash flows from investing activities:      
Additions to property, plant and equipment (25,622) (15,225) (12,658)
Net cash settlements on precious metal contracts 162 625 1,093
Acquisitions, net of cash acquired (219,576) (92,913) 0
Proceeds from sale of assets 3,406 466 332
Investments in associated company 0 (7,607) (1,499)
Proceeds from sale of discontinued operations 0 155,517 3,732
Net cash used in investing activities of discontinued operations 0 (75) (2,902)
Net cash (used in) provided by investing activities (241,630) 40,788 (11,902)
Cash flows from financing activities:      
Net revolver borrowings (repayments) 167,111 (104,262) 162,425
Repayments of term loans - domestic (444) (1,078) (156,265)
Net (repayments) borrowings on loans - foreign (315) 240 315
Deferred finance charges (747) (477) (3,175)
Net change in overdrafts (750) (1,190) 186
Purchases of treasury stock (398) 0 (60,579)
Other financing activities 39 71 (50)
Proceeds from term loans - domestic 0 0 40,000
Proceeds from WHX CS Loan 0 0 12,600
Repayment of WHX CS Loan 0 0 (12,600)
Net cash provided by (used in) financing activities 164,496 (106,696) (17,143)
Net change for the year 5,748 (7,573) 21,644
Effect of exchange rate changes on cash and cash equivalents (354) (348) (295)
Cash and cash equivalents at beginning of year 23,728 31,649 10,300
Cash and cash equivalents at end of year 29,122 23,728 31,649
Cash paid during the year for:      
Interest 5,855 3,598 6,634
Taxes $ 5,934 $ 5,032 $ 5,497
Non-cash investing activities:      
Exchange of treasury stock for shares of JPS Industries, Inc. 0 48,748 0