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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities:      
Net income (loss) $ 23,641 $ 70,086 $ (28,788)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 42,188 41,115 43,166
(Gain) loss on asset sales and disposals (5,941) 3,039 323
Change in accounts receivable 3,076 (11,210) (6,430)
Change in inventories (221) (6,654) 40,834
Change in accounts payable 403 4,955 3,828
Accrual of interest on old PIK notes 0 0 11,916
Income taxes (11,200) 1,801 (93)
Restructuring charges (828) 811 (1,728)
Gain on redemption of new PIK notes 0 (71,693) 0
Payment of interest on new PIK notes 0 (29,400) 0
Call premium on senior notes and floating rate notes 1,203 8,415 0
Write-off of bank fees & discounts on old ABL and floating rate notes 1,600 4,986 0
Pension & non-pension postretirement benefits (9,074) 5,200 5,331
Accrued interest and amortization of discounts, warrants and finance fees 3,047 17,391 12,945
Accrued liabilities & prepaid expenses 1,917 3,344 14,920
Share-based compensation expense 5,016 3,496 2,419
Other operating activities 524 2,017 3,505
Net cash provided by operating activities 55,351 47,699 102,148
Investing activities:      
Additions to property, plant and equipment (41,420) (28,247) (17,005)
Net proceeds from sale of Traex 12,478 0 0
Proceeds from asset sales and other 5,222 0 265
Net cash used in investing activities (23,720) (28,247) (16,740)
Financing activities:      
Net repayments on ABL credit facility 0 0 (34,169)
Other repayments (14,108) (10,610) (5,225)
Other borrowings 365 215 0
Floating rate note payments 0 (306,000) 0
Senior note payments (40,000) 0 0
Call premium on senior notes and floating rate notes (1,203) (8,415) 0
PIK note payment 0 (51,031) 0
Proceeds from senior secured notes 0 392,328 0
Proceeds from exercise of warrants 5,459 0 0
Stock options exercised 482 57 0
Debt issuance costs and other (463) (14,256) (4,171)
Net cash (used in) provided by financing activities (49,468) 2,288 (43,565)
Effect of exchange rate fluctuations on cash (130) (571) (58)
(Decrease) increase in cash (17,967) 21,169 41,785
Cash & cash equivalents at beginning of year 76,258 55,089 13,304
Cash & cash equivalents at end of year 58,291 76,258 55,089
Supplemental disclosure of cash flow information:      
Cash paid during the year for interest 40,025 27,822 39,221
Cash paid during the year for income taxes $ 10,230 $ 8,830 $ 3,133