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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities:    
Net loss $ (13,654)  
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,738  
Amortization of deferred financing costs and debt discount 3,628  
Unrealized loss on embedded debt conversion option 0  
Noncash reorganization items, net 0  
(Gain) loss on sale of property, plant and equipment (5)  
Unrealized foreign currency gain (11)  
Noncash interest paid in kind 6,138  
Noncash compensation expense 1,342  
Deferred income taxes 0  
Other, net 298  
Changes in assets and liabilities:    
Accounts receivable (17,283)  
Inventories (10,776)  
Prepaid expenses and other current assets (3,586)  
Other noncurrent assets 806  
Prepaid pension costs (1,376)  
Accounts payable 10,663  
Income tax payable and receivable (2,288)  
Accrued and other current liabilities 964  
Pension and postretirement benefit obligations and other noncurrent liabilities (195)  
Net cash used in operating activities (20,597)  
Investing activities:    
Capital expenditures (3,379)  
Proceeds from sale of property, plant and equipment 5  
Proceeds from release of cash collateralization of letters of credit 0  
Net cash used in investing activities (3,374)  
Financing activities:    
Proceeds from long-term debt including credit facilities 39,461  
Repayments of long-term debt including credit facilities (17,570)  
Repayments of short-term borrowings, net (852)  
Payments of debt issue costs (482)  
Payments of build-to-suit liability (897)  
Net cash from financing activities 19,660  
Effect of exchange rate changes on cash and cash equivalents (157)  
Net change in cash and cash equivalents (4,468)  
Cash and cash equivalents - beginning of year 11,104  
Cash and cash equivalents - end of period $ 6,636  
Predecessor    
Operating activities:    
Net loss [1]   $ (36,033)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization [1]   7,759
Amortization of deferred financing costs and debt discount   3,056
Unrealized loss on embedded debt conversion option [1]   146
Noncash reorganization items, net   4,850
(Gain) loss on sale of property, plant and equipment   7
Unrealized foreign currency gain   (3,153)
Noncash interest paid in kind   0
Noncash compensation expense   442
Deferred income taxes   (1,325)
Other, net   408
Changes in assets and liabilities:    
Accounts receivable   (16,729)
Inventories   487
Prepaid expenses and other current assets   (6,262)
Other noncurrent assets   1,533
Prepaid pension costs   (1,792)
Accounts payable   5,976
Income tax payable and receivable   433
Accrued and other current liabilities   7,200
Pension and postretirement benefit obligations and other noncurrent liabilities   (353)
Net cash used in operating activities   (33,350)
Investing activities:    
Capital expenditures   (2,264)
Proceeds from sale of property, plant and equipment   47
Proceeds from release of cash collateralization of letters of credit   246
Net cash used in investing activities   (1,971)
Financing activities:    
Proceeds from long-term debt including credit facilities   12,500
Repayments of long-term debt including credit facilities   (126)
Repayments of short-term borrowings, net   0
Payments of debt issue costs   (1,831)
Payments of build-to-suit liability   0
Net cash from financing activities   10,543
Effect of exchange rate changes on cash and cash equivalents   374
Net change in cash and cash equivalents   (24,404)
Cash and cash equivalents - beginning of year   35,624
Cash and cash equivalents - end of period   $ 11,220
[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.