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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities:    
Net loss $ (5,141)  
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,376  
Amortization of deferred financing costs and debt discount 1,580  
Unrealized loss on embedded debt conversion option 0  
Gain on sale of property, plant and equipment (5)  
Unrealized foreign currency gain (991)  
Noncash interest paid in kind 2,954  
Noncash compensation expense 646  
Deferred income taxes 127  
Other, net 154  
Changes in assets and liabilities:    
Accounts receivable (17,195)  
Inventories (3,389)  
Prepaid expenses and other current assets (3,848)  
Other noncurrent assets 312  
Prepaid pension costs (688)  
Accounts payable 11,095  
Income tax payable and receivable (440)  
Accrued and other current liabilities 1,304  
Pension and postretirement benefit obligations and other noncurrent liabilities (54)  
Net cash used in operating activities (11,203)  
Investing activities:    
Capital expenditures (1,538)  
Proceeds from sale of property, plant and equipment 5  
Change in cash collateralization of letters of credit 0  
Net cash used in investing activities (1,533)  
Financing activities:    
Proceeds from long-term debt including credit facilities 11,500  
Repayments of long-term debt including credit facilities (22)  
Repayments of short-term borrowings, net (1,191)  
Payments of debt issue costs 0  
Payments of build-to-suit liability (897)  
Net cash from (used in) financing activities 9,390  
Effect of exchange rate changes on cash and cash equivalents 20  
Net change in cash and cash equivalents (3,326)  
Cash and cash equivalents - beginning of year 11,104  
Cash and cash equivalents - end of period $ 7,778  
Predecessor    
Operating activities:    
Net loss [1]   $ (13,492)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization [1]   3,864
Amortization of deferred financing costs and debt discount   1,410
Unrealized loss on embedded debt conversion option [1]   146
Gain on sale of property, plant and equipment   (2)
Unrealized foreign currency gain   (527)
Noncash interest paid in kind   0
Noncash compensation expense   154
Deferred income taxes   (734)
Other, net   207
Changes in assets and liabilities:    
Accounts receivable   (15,164)
Inventories   (10,285)
Prepaid expenses and other current assets   (3,938)
Other noncurrent assets   2,635
Prepaid pension costs   (718)
Accounts payable   15,281
Income tax payable and receivable   144
Accrued and other current liabilities   3,652
Pension and postretirement benefit obligations and other noncurrent liabilities   (171)
Net cash used in operating activities   (17,538)
Investing activities:    
Capital expenditures   (1,096)
Proceeds from sale of property, plant and equipment   2
Change in cash collateralization of letters of credit   45
Net cash used in investing activities   (1,049)
Financing activities:    
Proceeds from long-term debt including credit facilities   0
Repayments of long-term debt including credit facilities   (78)
Repayments of short-term borrowings, net   0
Payments of debt issue costs   (911)
Payments of build-to-suit liability   0
Net cash from (used in) financing activities   (989)
Effect of exchange rate changes on cash and cash equivalents   197
Net change in cash and cash equivalents   (19,379)
Cash and cash equivalents - beginning of year   35,624
Cash and cash equivalents - end of period   $ 16,245
[1] * Adjusted due to the adoption of ASU No. 2017-07, "Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost." See Note 3 - New Accounting Standards, for additional information.