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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 602 $ (94,828)
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Deferred income taxes (432) (38,475)
Depreciation 6,527 7,325
Amortization 3,454 6,055
Asset impairments 0 128,938
Equity loss of nonconsolidated investments 55 683
Loss on sales and disposals of property, plant, and equipment 122 240
Stock-based compensation 725 555
Income tax deficiency from stock-based compensation 0 124
Change in operating assets and liabilities    
Accounts receivable (9,951) (2,755)
Inventories (487) (231)
Other current assets (1,439) (959)
Prepaid income tax 12,867 (4,262)
Other noncurrent assets 474 (60)
Dividends from LB Pipe & Coupling Products, LLC 19,534 3,784
Accounts payable (1,839) 2,412
Deferred revenue 878 (2,658)
Accrued payroll and employee benefits (1,167) 812
Other current liabilities (2) (145)
Net cash provided by operating activities 29,921 6,555
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of property, plant, and equipment 143 768
Capital expenditures on property, plant, and equipment (4,597) (5,070)
Loans and capital contributions to equity method investment 0 (575)
Net cash used by investing activities (4,454) (4,877)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of debt (82,553) (68,174)
Proceeds from debt 60,972 67,789
Financing fees 0 (712)
Treasury stock acquisitions (97) (265)
Cash dividends on common stock paid to shareholders 0 (829)
Income tax deficiency from stock-based compensation 0 (124)
Net cash used by financing activities (21,678) (2,315)
Effect of exchange rate changes on cash and cash equivalents 1,305 130
Net increase (decrease) in cash and cash equivalents 5,094 (507)
Cash and cash equivalents at beginning of period 30,363 33,312
Cash and cash equivalents at end of period 35,457 32,805
Supplemental disclosure of cash flow information:    
Interest paid 3,896 2,211
Income taxes (received) paid, net $ (11,480) $ 3,987