XML 102 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating activities:      
Net income $ 6,966 $ 23,641 $ 70,086
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 41,471 42,188 41,115
(Gain) loss on asset sales and disposals 446 (5,941) 3,039
Change in accounts receivable 7,187 3,076 (11,210)
Change in inventories (10,969) (221) (6,654)
Change in accounts payable 6,285 403 4,955
Accrued interest and amortization of discounts, warrants and finance fees (6,433) 3,047 17,391
Call premium on senior notes and floating rate notes 23,602 1,203 8,415
Write-off of finance fee & discounts on senior notes, floating rate notes and ABL 10,975 1,600 4,986
Gain on redemption of PIK notes 0 0 (71,693)
Payment of interest on PIK notes 0 0 (29,400)
Pension & non-pension postretirement benefits (76,344) (9,074) 5,200
Restructuring charges 0 (828) 811
Accrued liabilities & prepaid expenses 322 1,917 3,344
Income taxes 1,628 (11,200) 1,801
Share-based compensation expense 3,321 5,016 3,496
Other operating activities 40 524 2,017
Net cash provided by operating activities 8,497 55,351 47,699
Investing activities:      
Additions to property, plant and equipment (32,720) (41,420) (28,247)
Net proceeds from sale of Traex 0 12,478 0
Proceeds from asset sales and other 647 5,222 0
Net cash used in investing activities (32,073) (23,720) (28,247)
Financing activities:      
Other repayments (23,116) (14,108) (10,610)
Other borrowings 1,234 365 215
PIK note payment 0 0 (51,031)
Call premium on 10% senior notes and floating rate notes (23,602) (1,203) (8,415)
Proceeds from exercise of warrants 0 5,459 0
Stock options exercised 1,231 482 57
Debt issuance costs and other (13,475) (463) (14,256)
Net cash provided by (used in) financing activities 32,272 (49,468) 2,288
Effect of exchange rate fluctuations on cash 221 (130) (571)
Increase (decrease) in cash 8,917 (17,967) 21,169
Cash & cash equivalents at beginning of year 58,291 76,258 55,089
Cash & cash equivalents at end of year 67,208 58,291 76,258
Supplemental disclosure of cash flow information:      
Cash paid during the year for interest 44,105 40,025 27,822
Cash paid during the year for income taxes 3,402 10,230 8,830
New Senior Secured Notes
     
Financing activities:      
Proceeds from senior notes 450,000 0 0
Old Senior Secured Notes
     
Financing activities:      
Proceeds from senior notes 0 0 392,328
Payments on senior notes (360,000) (40,000) 0
Floating Rate Senior Secured Notes
     
Financing activities:      
Payments on senior notes $ 0 $ 0 $ (306,000)