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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 3,824 $ (100,810)
Adjustments to reconcile net loss to cash provided (used) by operating activities:    
Deferred income taxes (648) (39,690)
Depreciation 9,705 10,620
Amortization 5,218 7,818
Asset impairments 0 135,884
Equity loss of nonconsolidated investments 5 946
(Gain) loss on sales and disposals of property, plant, and equipment (347) 209
Share-based compensation 1,228 875
Income tax deficiency from share-based compensation 0 124
Change in operating assets and liabilities    
Accounts receivable (11,899) 13,491
Inventories (19,336) 3,188
Other current assets (786) (379)
Prepaid income tax 12,569 (6,436)
Other noncurrent assets 719 117
Dividends from LB Pipe & Coupling Products, LLC 22,017 (13,256)
Accounts payable 3,339 866
Deferred revenue 2,734 (2,294)
Accrued payroll and employee benefits (763) 956
Other current liabilities (63) (353)
Net cash provided by operating activities 27,516 11,876
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of property, plant, and equipment 1,388 923
Capital expenditures on property, plant, and equipment (5,335) (6,507)
Loans and capital contributions to equity method investment 0 (635)
Net cash used by investing activities (3,947) (6,219)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of debt (113,119) (134,200)
Proceeds from debt 91,838 101,075
Financing fees 0 (712)
Treasury stock acquisitions (103) (265)
Cash dividends on common stock paid to shareholders 0 (1,244)
Income tax deficiency from share-based compensation 0 (124)
Net cash used by financing activities (21,384) (35,470)
Effect of exchange rate changes on cash and cash equivalents 2,460 152
Net increase (decrease) in cash and cash equivalents 4,645 (29,661)
Cash and cash equivalents at beginning of period 30,363 33,312
Cash and cash equivalents at end of period 35,008 3,651
Supplemental disclosure of cash flow information:    
Interest paid 5,599 3,485
Income taxes (received) paid $ (11,233) $ 3,991