XML 19 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities:    
Net income $ 5,523 $ 6,431
Adjustments to reconcile net income to cash (used in) provided by operating activities:    
Depreciation and amortization 11,431 12,571
Impairment of equipment held for sale 0 616
Provision for doubtful accounts and bad debt 3,739 4,318
Non-cash amortization of debt financing costs and discount 891 630
Pension plan contribution (2,202) (2,180)
Shared-based compensation expense 1,842 1,868
Deferred income taxes 88 (563)
Non-cash gain on derivative contracts (979) 208
Change in other operating items:    
Accounts receivable (32,404) 20,125
Inventories (15,086) 7,329
Prepaid expenses (1,755) (491)
Accounts payable 28,751 (6,670)
Other operating activities, net (2,149) 6,017
Net cash (used in) provided by operating activities (2,310) 50,209
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (10,290) (7,546)
Proceeds from disposal/sale of property, plant and equipment 254 55
Proceeds from settlement of corporate-owned insurance policies 0 2,489
Net cash used in investing activities (10,036) (5,002)
Cash Flows from Financing Activities:    
Borrowing of Term Loan Facility 175,000 0
Repayment of 7.875% notes (235,000) 0
Repayment of Term Loan principal (1,094) 0
Prepayment charge for redemption of 7.875% notes (1,543) 0
Prepayment of Term Loan Facility discount (3,500) 0
Payment of debt issuance costs (4,242) 0
Net cash used in financing activities (70,379) 0
Effect of Foreign Currency Exchange Rate Changes on Cash 2,797 (337)
Net (Decrease) Increase in Cash (79,928) 44,870
Cash:    
Beginning of period 130,160 92,194
End of period 50,232 137,064
Supplemental Cash Flow Information:    
Cash paid for interest 13,767 9,396
Cash paid for income taxes, net 2,568 918
Unpaid purchases of property and equipment included in accounts payable $ 321 $ 157