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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities    
Net income (loss) $ 3,550 $ (27,823)
Adjustments to reconcile net income (loss) to net cash used in operations:    
Depreciation and amortization expense 8,165 8,137
Amortization of intangibles 25,068 27,360
Equity-based compensation expense 2,442 2,166
Deferred income tax (benefit) expense (5,325) 3,001
Amortization of debt issuance costs 5,373 5,878
Write off of debt issuance costs 9,450  
Increase in LIFO reserve 27,700 36,968
Change in fair value of derivative instruments (3,492) 5,621
Hedge termination   (24,797)
Provision for uncollectible accounts 315 (2,044)
Write down of inventory   362
Nonoperating losses and other items not using cash 1,148 (1,148)
Changes in operating assets and liabilities:    
Accounts receivable (79,305) (43,561)
Inventories (73,137) (902)
Income taxes 2,834 (7,675)
Other current assets (1,511) (22)
Accounts payable 39,654 27,402
Deferred revenue (13,101) (3,057)
Accrued expenses and other current liabilities (7,184) (6,771)
Net cash used in operations (57,356) (905)
Investing activities    
Purchases of property, plant and equipment (5,318) (7,269)
Proceeds from the disposition of property, plant and equipment 612 987
Acquisition of The South Texas Supply Company, Inc., net of cash acquired of $781   (2,938)
Acquisition of Stainless Pipe and Fittings Australia Pty. Ltd., net of cash acquired of $1,900 (35,305)  
Proceeds from the sale of assets held for sale 10,594 6,825
Other investment and notes receivable transactions 961 (818)
Net cash used in investing activities (28,456) (3,213)
Financing activities    
Net advances from (payments on) revolving credit facilities 77,676 (49,762)
Proceeds from issuance of senior secured notes   47,897
Debt issuance costs paid (9,131) (1,660)
Proceeds from exercise of stock options 3  
Net cash provided by (used in) financing activities 68,548 (3,525)
(Decrease) in cash (17,264) (7,643)
Effect of foreign exchange rate on cash 499 (3,742)
Cash - beginning of period 56,202 56,244
Cash - end of period 39,437 44,859
Supplemental disclosures of cash flow information:    
Cash paid (received) for income taxes 2,908 (12,621)
Cash paid for interest $ 62,119 $ 61,830