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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities:    
Net income $ 9,413 $ 17,506
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 25,435 20,653
Loss on asset sales and disposals 119 303
Change in accounts receivable 1,389 (7,449)
Change in inventories (11,303) (26,419)
Change in accounts payable (6,688) (7,341)
Accrued interest and amortization of discounts and finance fees (1,890) 602
Pension & non-pension postretirement benefits, net (1,766) 1,898
Accrued liabilities & prepaid expenses 14,687 12,102
Income taxes 1,415 (938)
Share-based compensation expense 3,323 4,644
Excess tax benefit from share-based compensation arrangements (257) 0
Other operating activities (2,543) (1,055)
Net cash provided by operating activities 31,334 14,506
Investing activities:    
Additions to property, plant and equipment (15,511) (33,236)
Proceeds from asset sales and other 0 2
Net cash used in investing activities (15,511) (33,234)
Financing activities:    
Borrowings on ABL credit facility 6,000 44,500
Repayments on ABL credit facility (6,000) (30,500)
Other repayments (350) (3,267)
Repayments on Term Loan B (12,200) (2,200)
Stock options exercised 1,050 2,989
Excess tax benefit from share-based compensation arrangements 257 0
Dividends (5,032) (4,800)
Treasury shares purchased (2,000) (15,275)
Net cash used in financing activities (18,275) (8,553)
Effect of exchange rate fluctuations on cash (146) (1,411)
Decrease in cash (2,598) (28,692)
Cash & cash equivalents at beginning of period 49,044 60,044
Cash & cash equivalents at end of period 46,446 31,352
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest, net of capitalized interest 12,160 8,085
Cash paid during the period for income taxes $ 4,469 $ 2,862