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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net income (loss) $ 5,476 $ 3,893
Adjustments to reconcile from net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 13,923 17,337
Amortization of deferred financing fees 448 946
Deferred income taxes 18,201 (4,636)
Centennial asset impairment charge 17,443 0
Other (1,651) (533)
Working capital changes:    
Accounts receivable 9,160 59,757
Inventories (39,065) (43,832)
Other current assets 930 2,056
Accounts payable 55,187 29,056
Income taxes receivable/payable (20,911) (8,506)
Other current liabilities (12,983) 4,276
Net cash provided by operating activities 46,158 59,814
Investing activities    
Expenditures for property, plant and equipment (11,689) (7,484)
Proceeds from the sale of property, plant, and equipment 4,347 1,843
Other (2,587) (683)
Net cash used for investing activities (9,929) (6,324)
Financing activities    
Additions to long-term debt 0 2,547
Reductions of long-term debt (29,560) (2,300)
Net reductions to revolving credit agreements (3,115) (74,143)
Cash dividends paid (5,450) (5,502)
Purchase of treasury shares (6,044) (23,248)
Other (189) (78)
Net cash used for financing activities (44,358) (102,724)
Effect of exchange rate changes on cash (104) (54)
Cash and cash equivalents    
Decrease for the period (8,233) (49,288)
Balance at the beginning of the period 52,499 61,135
Balance at the end of the period $ 44,266 $ 11,847