XML 33 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES:    
Net income $ 2,073 $ 1,626
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,580 7,009
Asset impairment 0 633
Accrued patronage refunds (205) (177)
Stock-based compensation expense 231 219
Loss on financial derivative instruments 32 28
Excess tax benefit (64) (95)
Other 195 677
Changes in operating assets and liabilities, net of effect from acquired net assets    
Receivables 5,852 (2,181)
Prepaid expenses (551) (1,112)
Inventories (115) 1,132
Accounts payable and accrued expenses (2,694) (5,323)
Deferred revenue, billings and deposits (497) (1,618)
Income taxes 1,183 500
Other 458 635
Net cash provided by operating activities 13,478 1,953
INVESTING ACTIVITIES:    
Additions to property, plant and equipment and materials and supplies (5,213) (5,711)
Proceeds from sales of assets 74 0
Net cash used in investing activities (5,139) (5,711)
FINANCING ACTIVITIES:    
Borrowings on extended term payable arrangement 11,497 16,406
Payments on extended term payable arrangement (13,385) (14,103)
Payments on credit facility and capital lease obligations (398) (410)
Proceeds from issuance of common stock 208 269
Stock repurchase 0 (528)
Dividends paid (2,042) (1,970)
Excess tax benefit 64 95
Net cash used in financing activities (4,056) (241)
Net increase (decrease) in cash and cash equivalents 4,283 (3,999)
Cash and cash equivalents at beginning of the period 7,960 8,305
Cash and cash equivalents at the end of the period 12,243 4,306
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,357 1,493
Net cash paid for income taxes $ 258 $ 355