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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES    
Net income $ 20,115 $ 5,669
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 6,867 6,861
Deferred income taxes 4 576
Long-term debt prepayment fee   2,919
Other (305) (82)
Changes in operating assets and liabilities:    
Accounts receivable (56,386) (49,287)
Inventories (13,051) 2,571
Trade accounts payable and accrued liabilities (4,050) 6,681
Other assets and liabilities (773) 1,120
Current income taxes receivable / payable (3,040) 1,607
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (50,619) (21,365)
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (5,515) (11,175)
Proceeds from sale of assets   10
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (5,515) (11,165)
FINANCING ACTIVITIES    
Repayment of notes payable   (102,919)
Deferred financing fees   (50)
Proceeds from issuances of common stock 613 135
Dividend paid (929) (927)
Excess tax benefits of options exercised   25
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (316) (103,736)
Net increase (decrease) in cash and cash equivalents (56,450) (136,266)
Cash and cash equivalents at beginning of period 103,252 226,769
Cash and cash equivalents at end of period $ 46,802 $ 90,503