XML 34 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows From Operating Activities:    
Net (loss) income $ (188,593) $ 16,530
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation and amortization 10,965 11,731
Share-based compensation 2,468 2,911
Gain on the disposition of property, plant and equipment (319) (167)
Amortization of capitalized financing costs 437 166
Excess tax cost related to share-based compensation   133
Deferred income taxes 4,280 (1,881)
Impairment of goodwill 198,828  
Changes in operating assets and liabilities:    
Increase in accounts receivable, net (1,544) (24,819)
Decrease in inventory 50,531 28,018
Increase in other assets (9,915) (24,774)
Increase (decrease) in accounts payable 3,238 (10,723)
(Decrease) increase in accrued liabilities (15,828) 1,997
Decrease in other liabilities (1,523) (9,943)
Net cash provided by (used in) operating activities 53,025 (10,821)
Cash Flows From Investing Activities:    
Capital expenditures (8,312) (9,877)
Proceeds from the disposition of property, plant and equipment   281
Net cash used in investing activities (8,312) (9,596)
Cash Flows From Financing Activities:    
Net borrowings under revolving credit facility 90,112 37,388
Borrowings under Term Loan 77,600  
Net repayments under Securitization Program (200,000)  
Net (disbursements) proceeds from share-based compensation arrangements (310) 339
Acquisition of treasury stock, at cost   (6,839)
Payment of cash dividends (5,167) (5,160)
Excess tax cost related to share-based compensation   (133)
Payment of debt issuance costs (5,678)  
Net cash (used in) provided by financing activities (43,443) 25,595
Effect of exchange rate changes on cash and cash equivalents 36 269
Net change in cash and cash equivalents 1,306 5,447
Cash and cash equivalents, beginning of period 21,329 29,983
Cash and cash equivalents, end of period 22,635 35,430
Other Cash Flow Information:    
Income tax payments, net 11,555 1,027
Interest paid $ 7,658 $ 7,292