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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net (loss) income $ (59,504) $ 55,189
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 40,893 37,059
Provision for doubtful accounts 267 395
Deferred income taxes (30,354) (1,673)
Excess tax benefits from stock based compensation   (372)
Lower of cost or market and other inventory adjustments 4,372 2,798
(Gain) loss on disposal or impairment of assets (148) 4,864
Foreign currency transaction (gain) loss, net (173) 82
Stock compensation expense 6,063 5,887
Loss on derivative instruments 11,730  
Changes in operating assets and liabilities:    
Trade accounts and other receivables 71,870 11,358
Inventories 20,042 (21,020)
Prepaid expenses and other current assets 239 (1,746)
Long-term other assets 1,329 157
Accounts payable (6,804) 8,501
Accrued expenses (8,776) (1,572)
Accrued income taxes, net 17,083 (3,123)
Net cash provided by operating activities 68,129 96,784
Investing activities    
Capital expenditures (51,333) (131,232)
Net cash used in investing activities (51,333) (131,232)
Financing activities    
Proceeds from bank borrowings 70,000  
Repayments on bank borrowings (7,000)  
Dividends paid (12,339) (21,500)
Purchase of common stock (551) (6,892)
Excess tax benefits from stock based compensation   372
Net cash provided by (used in) financing activities 50,110 (28,020)
Effect of exchange rate changes on cash (510) (1,678)
Net increase (decrease) in cash and cash equivalents 66,396 (64,146)
Cash and cash equivalents at beginning of period 24,298 94,250
Cash and cash equivalents at end of period 90,694 30,104
Supplemental cash flow information    
Interest paid $ 1,431 20
Income taxes paid   $ 30,476