XML 19 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 18 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Cash flows from operating activities:          
Net income $ 20,076 $ 5,561 $ 21,694 $ 4,487  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     10,086 10,487  
(Recovery of) provision for doubtful accounts     (44) 217  
Interest on sale-leaseback financing obligation     681 0  
Restructuring and other transition expenses, net of payments     1,082 3,617  
Deferred income taxes     13,640 72  
Net gain from sale of Torrance Facility (37,449) 0 (37,449) 0  
Net gains from sales of Spice Assets and other assets     (1,931) (5,265)  
ESOP and share-based compensation expense     2,094 2,651  
Net losses on derivative instruments and investments     2,583 9,426  
Change in operating assets and liabilities:          
Restricted cash     0 1,002  
Purchases of trading securities held for investment     (2,959) (4,050)  
Proceeds from sales of trading securities held for investment     1,268 3,497  
Accounts and notes receivable     (4,545) (5,646)  
Inventories     (10,071) (2,763)  
Income tax receivable     (27) (75)  
Derivative assets (liabilities), net     4,329 (8,822)  
Prepaid expenses and other assets     33 518  
Accounts payable     18,356 (1,048)  
Accrued payroll expenses and other current liabilities     (5,210) (4,076)  
Accrued postretirement benefits     (447) (197)  
Other long-term liabilities     (1,849) (72)  
Net cash provided by operating activities     11,314 3,960  
Cash flows from investing activities:          
Acquisition of business, net of cash acquired     11,183 0  
Purchases of property, plant and equipment     (26,864) (11,383)  
Purchases of construction-in-progress assets for New Facility     (21,783) (5,738)  
Proceeds from sales of property, plant and equipment     3,332 5,826  
Net cash used in investing activities     (56,498) (11,295)  
Cash flows from financing activities:          
Proceeds from revolving credit facility     34,323 193  
Repayments on revolving credit facility     (15,900) (87)  
Proceeds from sale-leaseback financing obligation     42,455 0  
Proceeds from New Facility lease financing     7,662 5,738  
Repayments of New Facility lease financing     (35,772) 0  
Payments of capital lease obligations     (641) (1,723)  
Payment of financing costs     0 (8)  
Proceeds from stock option exercises     405 1,267  
Tax withholding payment - net share settlement of equity awards     0 159  
Net cash provided by financing activities     32,532 5,221  
Net decrease in cash and cash equivalents     (12,652) (2,114)  
Cash and cash equivalents at beginning of period     21,095 15,160 $ 15,160
Cash and cash equivalents at end of period 8,443 13,046 8,443 13,046 8,443
Supplemental disclosure of non-cash investing activities:          
Equipment acquired under capital leases     0 9  
Net change in derivative assets and liabilities included in other comprehensive income, net of tax $ (1,203) $ 4,497 (1,203) 4,497 $ (1,203)
Construction-in-progress assets under New Facility lease     0 2,321  
New Facility lease obligation     0 2,321  
Non-cash additions to property, plant and equipment     11,253 644  
Non-cash portion of earnout receivable recognized-Spice Assets sale     492 0  
Non-cash portion of earnout-China Mist, Value of Consideration Given     $ 500 $ 0