XML 25 R8.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net (loss) income $ (80,127) $ (109,544) $ 55,588
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Depreciation and amortization 48,451 54,457 50,860
Provision for doubtful accounts 918 1,857 546
Deferred income taxes (50,535) (56,800) 24,389
Excess tax benefits from stock based compensation     (372)
Lower of cost or market inventory adjustment 1,515 4,546 5,363
Loss on disposal or impairment of assets, net 889 44,111 15,079
Foreign currency transaction (gain) loss, net (119) (94) 303
Stock compensation expense 5,939 7,547 7,529
Change in fair value of derivative instruments (7,687) 11,155  
Changes in operating assets and liabilities:      
Trade accounts and other receivables 24,569 81,371 (9,511)
Inventories 6,433 27,022 (25,624)
Prepaid expenses and other current assets 1,726 1,437 (112)
Long-term other assets 156 697 (122)
Accounts payable 631 (7,861) 2,079
Accrued expenses (8,405) (9,104) (2,487)
Other long-term liabilities 1,574 0 0
Income tax receivable, net 36,137 19,780 (17,726)
Net cash (used in) provided by operating activities (17,935) 70,577 105,782
Investing activities      
Capital expenditures (6,848) (62,747) (161,469)
Net cash used in investing activities (6,848) (62,747) (161,469)
Financing activities      
Proceeds from long-term debt   70,000 25,000
Repayments on long-term debt (32,099) (7,000)  
Repayments on notes payable (917) 0 0
Payment of debt issuance costs (339) 0 0
Proceeds from notes payable, related parties 25,000 0 0
Dividends paid   (14,666) (29,121)
Purchase of common stock (450) (580) (6,979)
Excess tax benefits from stock based compensation     372
Net cash provided by (used in) financing activities 36,759 47,754 (10,728)
Effect of exchange rate changes on cash 838 (1,016) (3,537)
Net increase (decrease) in cash and cash equivalents 12,814 54,568 (69,952)
Cash and cash equivalents at beginning of year 78,866 24,298 94,250
Cash and cash equivalents at end of year 91,680 78,866 24,298
Supplemental cash flow information      
Interest paid 5,269 2,613 135
Income taxes paid     30,619
ATM Program      
Financing activities      
Proceeds from issuance of common stock under ATM program $ 45,564 $ 0 $ 0