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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating activities:        
Net income (loss) $ 14,394 $ (25,168) $ 17,506 $ (28,552)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation and amortization 10,469 10,592 20,653 21,268
Loss on asset sales and disposals 92 17 303 13
Change in accounts receivable (1,802) (19,481) (7,449) (14,403)
Change in inventories (9,699) (8,168) (26,419) (19,363)
Change in accounts payable (5,002) 6,667 (7,341) 1,352
Accrued interest and amortization of discounts and finance fees 390 (5,911) 602 1,345
Call Premium on senior notes 0 37,348 0 37,348
Write-off of finance fees on senior notes 0 9,086 0 9,086
Pension & non-pension postretirement benefits 895 1,397 1,898 2,769
Restructuring 0 (46) 0 (289)
Accrued liabilities & prepaid expenses 14,978 4,647 12,102 (7,722)
Income taxes 422 (770) (938) (3,923)
Share-based compensation expense 2,515 1,634 4,644 2,637
Other operating activities 90 (1,491) (1,055) (1,586)
Net cash provided by (used in) operating activities 27,742 10,353 14,506 (20)
Investing activities:        
Additions to property, plant and equipment (16,577) (11,934) (33,236) (21,835)
Proceeds from furnace malfunction insurance recovery     0 2,350
Proceeds from asset sales and other 2 0 2 4
Net cash used in investing activities (16,575) (11,934) (33,234) (19,481)
Financing activities:        
Borrowing on ABL credit facility 30,400 21,300 44,500 21,300
Repayments on ABL credit facility (20,500) (14,300) (30,500) (14,300)
Other repayments (12) (65) (3,267) (115)
Other borrowings 0 1,964 0 1,964
Payments on 6.875% senior notes 0 (405,000) 0 (405,000)
Proceeds from Term Loan B 0 438,900 0 438,900
Repayments on Term Loan B (1,100) 0 (2,200) 0
Call premium on senior notes 0 (37,348) 0 (37,348)
Stock options exercised 1,141 1,786 2,989 2,122
Dividends (2,398) 0 (4,800) 0
Treasury shares purchased (6,131) 0 (15,275) 0
Debt issuance costs and other 0 (6,868) 0 (6,868)
Net cash provided by (used in) financing activities 1,400 369 (8,553) 655
Effect of exchange rate fluctuations on cash 169 (52) (1,411) (153)
Increase (decrease) in cash 12,736 (1,264) (28,692) (18,999)
Cash at beginning of period 18,616 24,473 60,044 42,208
Cash at end of period 31,352 23,209 31,352 23,209
Supplemental disclosure of cash flow information:        
Cash paid during the period for interest, net of capitalized interest 4,156 11,483 8,085 11,667
Cash paid during the period for income taxes $ 1,681 $ 1,477 $ 2,862 $ 3,293