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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net (loss) income $ (45,606) $ 41,444
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 27,006 23,706
Provision for doubtful accounts 201 246
Deferred income taxes (23,512) 2,485
Excess tax benefits from stock based compensation   (372)
Lower of cost or market and other inventory adjustments 4,372  
Gain on disposal of assets (163) (191)
Foreign currency transaction loss (gain), net 49 (26)
Stock compensation expense 4,457 4,454
Loss on derivative instruments 10,958  
Changes in operating assets and liabilities:    
Trade accounts and other receivables 63,418 (6,726)
Inventories 17,647 (2,074)
Prepaid expenses and other current assets (866) (3,316)
Long-term other assets 801 500
Accounts payable (5,072) 4,348
Accrued expenses (10,304) (4,875)
Accrued income taxes, net 16,064 (2,099)
Net cash provided by operating activities 59,450 57,504
Investing activities    
Capital expenditures (36,660) (85,487)
Net cash used in investing activities (36,660) (85,487)
Financing activities    
Proceeds from bank borrowings 70,000  
Dividends paid (10,009) (13,876)
Purchase of common stock (549) (5,779)
Excess tax benefits from stock based compensation   372
Net cash provided by (used in) financing activities 59,442 (19,283)
Effect of exchange rate changes on cash 54 (605)
Net increase (decrease) in cash and cash equivalents 82,286 (47,871)
Cash and cash equivalents at beginning of period 24,298 94,250
Cash and cash equivalents at end of period 106,584 46,379
Supplemental cash flow information    
Interest paid $ 674 3
Income taxes paid   $ 17,153