XML 74 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating activities      
Net (loss) income $ (7,382)us-gaap_NetIncomeLoss $ 4,153us-gaap_NetIncomeLoss $ (18,035)us-gaap_NetIncomeLoss
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Stock-based compensation 2,548us-gaap_ShareBasedCompensation 1,736us-gaap_ShareBasedCompensation 1,949us-gaap_ShareBasedCompensation
Depreciation 32,752us-gaap_Depreciation 34,631us-gaap_Depreciation 38,533us-gaap_Depreciation
Amortization of other intangibles 1,540us-gaap_AmortizationOfIntangibleAssets 1,772us-gaap_AmortizationOfIntangibleAssets 2,305us-gaap_AmortizationOfIntangibleAssets
Deferred financing cost amortization 3,303us-gaap_AmortizationOfFinancingCosts 2,963us-gaap_AmortizationOfFinancingCosts 3,424us-gaap_AmortizationOfFinancingCosts
Unrealized foreign exchange (gain) loss on revaluation of debt (259)us-gaap_ForeignCurrencyTransactionGainLossUnrealized 1,706us-gaap_ForeignCurrencyTransactionGainLossUnrealized 582us-gaap_ForeignCurrencyTransactionGainLossUnrealized
Deferred taxes (4,857)us-gaap_DeferredIncomeTaxExpenseBenefit (5,686)us-gaap_DeferredIncomeTaxExpenseBenefit (8,249)us-gaap_DeferredIncomeTaxExpenseBenefit
Asset impairments 136us-gaap_AssetImpairmentCharges 1,354us-gaap_AssetImpairmentCharges 3,674us-gaap_AssetImpairmentCharges
(Gain) loss on disposition of property and equipment (1,036)us-gaap_GainLossOnDispositionOfAssets 202us-gaap_GainLossOnDispositionOfAssets (576)us-gaap_GainLossOnDispositionOfAssets
Loss (gain) on extinguishment of debt 0us-gaap_GainsLossesOnExtinguishmentOfDebt 3,123us-gaap_GainsLossesOnExtinguishmentOfDebt (243)us-gaap_GainsLossesOnExtinguishmentOfDebt
Provision for doubtful accounts 274us-gaap_ProvisionForDoubtfulAccounts 425us-gaap_ProvisionForDoubtfulAccounts 954us-gaap_ProvisionForDoubtfulAccounts
Change in assets and liabilities which (used) provided cash:      
Accounts receivable (3,461)us-gaap_IncreaseDecreaseInAccountsReceivable (6,283)us-gaap_IncreaseDecreaseInAccountsReceivable 5,595us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (9,009)us-gaap_IncreaseDecreaseInInventories (8,777)us-gaap_IncreaseDecreaseInInventories 5,219us-gaap_IncreaseDecreaseInInventories
Prepaid expenses (837)us-gaap_IncreaseDecreaseInPrepaidExpense 979us-gaap_IncreaseDecreaseInPrepaidExpense (3,423)us-gaap_IncreaseDecreaseInPrepaidExpense
Other current assets (3,278)us-gaap_IncreaseDecreaseInOtherOperatingAssets (1,444)us-gaap_IncreaseDecreaseInOtherOperatingAssets 584us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable and accrued expenses 597us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 6,799us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 9,336us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Deferred and other long-term liabilities and assets (4,139)us-gaap_IncreaseDecreaseInDeferredLiabilities (1,539)us-gaap_IncreaseDecreaseInDeferredLiabilities (2,307)us-gaap_IncreaseDecreaseInDeferredLiabilities
Net cash provided by operating activities 6,892us-gaap_NetCashProvidedByUsedInOperatingActivities 36,114us-gaap_NetCashProvidedByUsedInOperatingActivities 39,322us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing activities      
Capital expenditures (45,218)us-gaap_PaymentsForCapitalImprovements (44,145)us-gaap_PaymentsForCapitalImprovements (21,705)us-gaap_PaymentsForCapitalImprovements
Proceeds from disposals of property and equipment 3,430xrm_ProceedsfromOtherInvestingActivitiesandPropertyPlantandEquipment 2,276xrm_ProceedsfromOtherInvestingActivitiesandPropertyPlantandEquipment 1,088xrm_ProceedsfromOtherInvestingActivitiesandPropertyPlantandEquipment
Net cash used in investing activities (41,788)us-gaap_NetCashProvidedByUsedInInvestingActivities (41,869)us-gaap_NetCashProvidedByUsedInInvestingActivities (20,617)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing activities      
Proceeds from borrowings (maturities longer than 90 days) 102,159us-gaap_ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths 199,321us-gaap_ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths 7,365us-gaap_ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths
Principal payments on debt (79,121)xrm_RepaymentsofLongtermDebtandShorttermDebtMaturinginThreeMonthsorLess (199,349)xrm_RepaymentsofLongtermDebtandShorttermDebtMaturinginThreeMonthsorLess (33,055)xrm_RepaymentsofLongtermDebtandShorttermDebtMaturinginThreeMonthsorLess
Principal payments on capital leases (821)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations 0us-gaap_RepaymentsOfLongTermCapitalLeaseObligations 0us-gaap_RepaymentsOfLongTermCapitalLeaseObligations
Payment of deferred financing fees (1,524)us-gaap_PaymentsOfFinancingCosts (3,246)us-gaap_PaymentsOfFinancingCosts (1,782)us-gaap_PaymentsOfFinancingCosts
Net cash provided by (used in) financing activities 20,693us-gaap_NetCashProvidedByUsedInFinancingActivities (3,274)us-gaap_NetCashProvidedByUsedInFinancingActivities (27,472)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash flows (1,996)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (32)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (22)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net decrease in cash (16,199)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (9,061)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (8,789)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 25,716us-gaap_CashAndCashEquivalentsAtCarryingValue 34,777us-gaap_CashAndCashEquivalentsAtCarryingValue 43,566us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 9,517us-gaap_CashAndCashEquivalentsAtCarryingValue 25,716us-gaap_CashAndCashEquivalentsAtCarryingValue 34,777us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid for interest 33,519us-gaap_InterestPaidNet 33,691us-gaap_InterestPaidNet 34,924us-gaap_InterestPaidNet
Cash paid for income taxes 33,213us-gaap_IncomeTaxesPaidNet 7,840us-gaap_IncomeTaxesPaidNet 6,943us-gaap_IncomeTaxesPaidNet
Supplemental schedule of noncash activities:      
Non-cash accrual for new facility $ 5,695us-gaap_ConstructionInProgressExpendituresIncurredButNotYetPaid $ 0us-gaap_ConstructionInProgressExpendituresIncurredButNotYetPaid $ 0us-gaap_ConstructionInProgressExpendituresIncurredButNotYetPaid