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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
OPERATING ACTIVITIES:    
Net income $ 4,131 $ 4,836
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,926 11,361
Accrued patronage refunds (345) (189)
Stock based compensation 375 636
Other 773 474
Changes in operating assets and liabilities, net of effect from acquired net assets    
Receivables 4,070 455
Prepaid expenses (401) (446)
Inventories 4,350 405
Accounts payable and accrued expenses (3,419) 143
Deferred revenue, billings and deposits (683) 355
Income taxes (138) 5,359
Other 1,552 1,037
Net cash provided by operating activities 23,191 24,426
INVESTING ACTIVITIES:    
Additions to property, plant and equipment (10,969) (8,616)
Broadband stimulus grant received 1,426 125
Acquisition of IdeaOne Telecom (28,180) 0
Purchase of short-term investments 2,998 0
Proceeds from sale of assets 0 105
Net cash (used in) investing activities (40,721) (8,386)
FINANCING ACTIVITIES:    
Borrowings on extended term payable arrangement 22,772 14,296
Payments on extended term payable arrangement (21,501) (11,489)
Change in cash overdraft 0 (238)
Borrowings on credit facility 22,000 25,700
Payments on credit facility and capital lease obligations (761) (26,031)
Proceeds from issuance of common stock 163 180
Dividends paid (3,769) (3,601)
Net cash provided by (used in) financing activities 18,904 (1,183)
Net increase (decrease) in cash and cash equivalents 1,374 14,857
Cash and cash equivalents at beginning of the period 13,057 73
Cash and cash equivalents at the end of the period 14,431 14,930
Supplemental disclosure of cash flow information:    
Cash paid for interest 2,868 2,164
Net cash paid (received) for income taxes 2,934 (2,586)
Non-cash investing and financing activities:    
Property, plant and equipment acquired with capital leases 14 64
Change in other comprehensive income (loss) from financial derivatives and post-retirement benefits $ (563) $ (11)