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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Operating activities:    
Net income$ 7,127$ 2,346$ 21,532$ 67,323
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization10,35710,04032,26530,994
(Gain) loss on asset sales34778(6,449)343
Change in accounts receivable2,989(15,355)(1,813)(28,967)
Change in inventories(5,084)(2,418)(24,156)(17,218)
Change in accounts payable(7,855)(15)(7,183)773
Accrued interest and amortization of discounts, warrants and finance fees(7,135)(8,996)(6,309)6,795
Gain on redemption of new PIK notes  0(70,193)
Payment of interest on new PIK notes  0(29,400)
Call premium on senior notes and floating rate notes  1,2038,415
Write-off of finance fees & discounts on senior notes, old ABL and floating rate notes  1,6004,986
Pension & non-pension postretirement benefits(11,530)917(8,586)3,788
Restructuring charges(262)627(828)3,023
Accrued liabilities & prepaid expenses3,6737,0994,8824,635
Income taxes2,5781,129(7,168)890
Share-based compensation expense2,3987414,3652,572
Other operating activities(2,293)1,027(1,211)408
Net cash provided by (Used in) operating activities(4,690)(2,780)2,144(10,833)
Investing activities:    
Additions to property, plant and equipment(8,059)(7,743)(26,457)(19,122)
Net proceeds from sale of Traex158013,0000
Proceeds from asset sales and other6505,2640
Net cash provided by (used in) investing activities(7,836)(7,743)(8,193)(19,122)
Financing activities:    
Net (repayments) borrowings on ABL credit facility(2,105)0  
Other repayments(4,673)(878)(4,770)(969)
Other borrowings  0215
Floating rate note payments  0(306,000)
Senior note payments  (40,000)0
Call premium on senior notes and floating rate notes  (1,203)(8,415)
PIK note payment  0(51,031)
Proceeds from senior secured notes  0392,328
Stock options exercised  4788
Debt issuance costs and other(19)0(462)(15,496)
Net cash (used in) financing activities(6,797)(878)(45,957)10,640
Effect of exchange rate fluctuations on cash(403)796331(206)
Increase (Decrease) in cash(19,726)(10,605)(51,675)(19,521)
Cash at beginning of period44,30946,17376,25855,089
Cash at end of period24,58335,56824,58335,568
Supplemental disclosure of cash flows information:    
Cash paid during the period for interest17,66121,76538,97127,905
Cash paid (refunded) during the period for income taxes$ 1,001$ (243)$ 8,689$ 4,459