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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ 37,579 $ (20,552)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 13,139 13,880
Provision for doubtful accounts 806 148
Provision for warranties 4,496 7,529
Deferred compensation expense 144 99
Stock-based compensation 1,739 1,321
Deferred income tax provision (benefit) 8,412 (121)
(Gain) loss on disposition of fixed assets 176 (183)
Distributions to SERP participants (1,007) (184)
Change in operating assets and liabilities:    
Sale (purchase) of trading securities, net 50 (336)
Trade and other receivables (6,719) (24,219)
Inventories (5,240) (3,410)
Prepaid expenses 911 2,278
Other assets (347) (3,639)
Accounts payable (2,006) 4,181
Accrued pellet plant agreement costs 0 68,000
Accrued product warranty (5,287) (11,482)
Customer deposits (13,025) (4,163)
Prepaid and income taxes payable, net 7,669 (9,141)
Other 1,381 (1,585)
Net cash provided by operating activities 42,871 18,421
Cash flows from investing activities:    
Expenditures for property and equipment (8,657) (8,719)
Proceeds from sale of property and equipment 136 243
Other 433 95
Net cash used by investing activities (8,088) (8,381)
Cash flows from financing activities:    
Payment of dividends (4,956) (4,618)
Borrowings under bank loans 121,041 0
Repayments of bank loans (152,055) (1,105)
Sale of Company shares held by SERP 238 279
Withholding tax paid upon vesting of restricted stock units (160) (432)
Purchase of subsidiary shares (16) (27)
Net cash used by financing activities (35,908) (5,903)
Effect of exchange rates on cash 209 (1,211)
Net change in cash and cash equivalents (916) 2,926
Cash and cash equivalents, beginning of period 25,821 62,280
Cash and cash equivalents, end of period $ 24,905 $ 65,206