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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Operating activities:        
Net (loss) income $ (10,143) $ 15,406 $ (9,502) $ 14,405
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:        
Depreciation and amortization 10,288 11,027 20,824 21,908
Loss (gain) on asset sales and disposals 168 (3,436) 167 (6,796)
Change in accounts receivable (2,078) (4,216) (474) (4,802)
Change in inventories (9,925) (4,331) (22,091) (19,072)
Change in accounts payable 630 1,339 (4,588) 672
Accrued interest and amortization of discounts, warrants and finance fees (279) 9,479 (7,654) 826
Call premium on 10% senior notes 23,602 0 23,602 1,203
Write-off of finance fees & discounts on senior notes and ABL 10,975 0 10,975 1,600
Pension & non-pension postretirement benefits (82,019) (507) (82,579) 2,944
Restructuring charges 0 (421) 0 (566)
Accrued liabilities & prepaid expenses 7,308 9,476 (2,028) 1,209
Income taxes (2,097) (5,443) (120) (9,746)
Share-based compensation expense 1,138 1,140 1,865 1,967
Other operating activities 11 401 84 1,082
Net cash (used in) provided by operating activities (52,421) 29,914 (71,519) 6,834
Investing activities:        
Additions to property, plant and equipment (5,386) (9,892) (11,832) (18,398)
Net proceeds from sale of Traex 0 12,842 0 12,842
Proceeds from asset sales and other 239 597 419 5,199
Net cash (used in) provided by investing activities (5,147) 3,547 (11,413) (357)
Financing activities:        
Net borrowings (repayments) on ABL credit facility 0 (2,245) 0 2,105
Other repayments (9,568) (49) (9,962) (97)
Proceeds from 6.875% senior notes 450,000 0 450,000 0
Payments on 10% senior notes (360,000) 0 (360,000) (40,000)
Call premium on 10% senior notes (23,602) 0 (23,602) (1,203)
Stock options exercised 12 3 40 478
Debt issuance costs and other (12,154) (327) (12,154) (443)
Net cash provided by (used in) financing activities 44,688 (2,618) 44,322 (39,160)
Effect of exchange rate fluctuations on cash (361) 354 (104) 734
(Decrease) increase in cash (13,241) 31,197 (38,714) (31,949)
Cash at beginning of period 32,818 13,112 58,291 76,258
Cash at end of period 19,577 44,309 19,577 44,309
Supplemental disclosure of cash flows information:        
Cash paid during the period for interest 10,494 1,139 28,225 21,310
Cash paid during the period for income taxes $ 306 $ 3,208 $ 1,191 $ 7,688