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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 8,576 $ 20,174
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,432 13,915
Loss on disposal of assets 35 415
Deferred income taxes 11,204 3,747
Stock based compensation 1,198 2,762
Accretion of deferred financing fees 130 107
Changes in assets and liabilities:    
Accounts and other receivables (8,746) 42,621
Inventories 13,644 (3,416)
Taxes receivable (7,654) 397
Accounts payable (9,752) (30,674)
Accrued liabilities 2,912 (7,232)
Deferred income and customer advances (6,626) (1,862)
Other assets and liabilities 366 1,122
Net cash provided by operating activities 19,719 42,076
Cash flows from investing activities:    
Expenditures for property, plant and equipment (34,100) (39,512)
Other investing activities (385) (587)
Net cash used for investing activities (34,485) (40,099)
Cash flows from financing activities:    
Borrowings from line of credit 133,500 85,500
Payments of line of credit (93,500) (65,500)
Payment of line of credit facility fees (425) 0
Principal payments of finance leases (182) (145)
Purchase of treasury stock (925) (23,853)
Issuance of common stock 2 16
Net cash provided by (used for) financing activities 38,470 (3,982)
Net change in cash and cash equivalents 23,704 (2,005)
Cash and cash equivalents at beginning of period 7,050 9,808
Cash and cash equivalents at the end of period 30,754 7,803
Supplemental non-cash investing activities:    
Capital expenditures included in accounts payable 11,553 14,039
Supplemental cash activities:    
Cash paid for interest 730 1,040
Cash paid for income taxes $ 109 $ 21