XML 17 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities:    
Net income (loss) $ (86,217) $ 12,322
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 33,616 36,669
Loss on asset sales and disposals 224 165
Change in accounts receivable (2,000) (3,714)
Change in inventories (25,944) (12,949)
Change in accounts payable 3,283 (6,669)
Accrued interest and amortization of discounts and finance fees 929 (1,510)
Goodwill impairment 79,700 0
Pension & non-pension post-retirement benefits, net 3,007 (1,653)
Accrued liabilities & prepaid expenses 8,716 15,174
Income taxes (1,942) 2,344
Share-based compensation expense 2,930 4,334
Other operating activities (94) 308
Net cash provided by operating activities 16,208 44,821
Investing activities:    
Additions to property, plant and equipment (39,140) (23,523)
Net cash used in investing activities (39,140) (23,523)
Financing activities:    
Borrowings on ABL credit facility 21,004 6,000
Repayments on ABL credit facility (12,277) (6,000)
Other repayments (632) (350)
Other borrowings 0 339
Repayments on Term Loan B (18,300) (18,300)
Stock options exercised 466 1,153
Taxes paid on distribution of equity awards (623) (862)
Dividends (7,762) (7,551)
Treasury shares purchased 0 (2,000)
Other financing activities 888 0
Net cash used in financing activities (17,236) (27,571)
Effect of exchange rate fluctuations on cash 731 (101)
Decrease in cash (39,437) (6,374)
Cash & cash equivalents at beginning of period 61,011 49,044
Cash & cash equivalents at end of period 21,574 42,670
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 13,949 16,927
Cash paid during the period for income taxes $ 2,609 $ 5,576