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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating activities:        
Net income (loss) $ 16,719 $ 13,758 $ 34,225 $ (14,794)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation and amortization 10,633 9,569 31,286 30,837
Loss on asset sales and disposals 87 234 390 247
Change in accounts receivable (253) (1,926) (7,702) (16,329)
Change in inventories (5,485) (9,460) (31,904) (28,823)
Change in accounts payable (1,315) 767 (8,656) 2,119
Accrued interest and amortization of discounts and finance fees 344 384 946 1,729
Call Premium on senior notes     0 37,348
Write-off of finance fees on senior notes     0 9,086
Pension & non-pension postretirement benefits (445) (349) 1,453 2,420
Restructuring     0 (289)
Accrued liabilities & prepaid expenses 698 4,105 12,800 (3,617)
Income taxes (3,987) 1,498 (4,925) (2,425)
Share-based compensation expense 905 1,109 5,549 3,746
Other operating activities (359) (616) (1,414) (2,202)
Net cash provided by operating activities 17,542 19,073 32,048 19,053
Investing activities:        
Additions to property, plant and equipment (8,244) (16,693) (41,480) (38,528)
Proceeds from furnace malfunction insurance recovery     0 2,350
Proceeds from asset sales and other 0 3 2 7
Net cash used in investing activities (8,244) (16,690) (41,478) (36,171)
Financing activities:        
Borrowing on ABL credit facility 0 33,400 44,500 54,700
Repayments on ABL credit facility (7,000) (31,500) (37,500) (45,800)
Other repayments 0 (5,201) (3,267) (5,316)
Other borrowings 0 3,250 0 5,214
Payments on 6.875% senior notes     0 (405,000)
Proceeds from Term Loan B     0 438,900
Repayments on Term Loan B (1,100) (1,100) (3,300) (1,100)
Call premium on senior notes     0 (37,348)
Stock options exercised 345 759 3,334 2,881
Dividends (2,397) 0 (7,197) 0
Treasury shares purchased     (15,275) 0
Debt issuance costs and other 0 (91) 0 (6,959)
Net cash provided by (used in) financing activities (10,152) (483) (18,705) 172
Effect of exchange rate fluctuations on cash (397) (1,020) (1,808) (1,173)
Increase (decrease) in cash (1,251) 880 (29,943) (18,119)
Cash at beginning of period 31,352 23,209 60,044 42,208
Cash at end of period 30,101 24,089 30,101 24,089
Supplemental disclosure of cash flow information:        
Cash paid during the period for interest, net of capitalized interest 4,152 4,160 12,237 15,827
Cash paid during the period for income taxes $ 996 $ 2,591 $ 3,858 $ 5,884