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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (47,773) $ 19,627
Adjustments to reconcile net (loss) income to cash provided by operating activities:    
Deferred income taxes (17,281) (641)
Depreciation 10,593 5,743
Amortization 8,950 3,504
Impairment of goodwill 80,337 0
Equity in loss (income) of nonconsolidated investments 312 (823)
Loss on sales and disposals of property, plant, and equipment 125 15
Share-based compensation 1,382 2,403
Excess income tax benefit from share-based compensation (289) (283)
Change in operating assets and liabilities, net of acquisitions:    
Accounts receivable (1,485) 7,934
Inventories (1,283) (11,839)
Other current assets 625 (437)
Prepaid income tax 2,969 4,978
Other noncurrent assets (1,101) (448)
Dividends from LB Pipe & Coupling Products, LLC 90 630
Accounts payable (16,058) 13,727
Deferred revenue (317) 4,092
Accrued payroll and employee benefits (5,283) 475
Other current liabilities (370) 1,206
Other liabilities (455) (125)
Net cash provided by operating activities 13,688 49,738
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from the sale of property, plant, and equipment 389 184
Capital expenditures on property, plant and equipment (11,618) (11,593)
Acquisitions, net of cash acquired (193,871) (12,786)
Capital contributions to equity method investments (61) (82)
Net cash used by investing activities (205,161) (24,277)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of debt (108,777) (78)
Proceeds from debt 289,764 316
Proceeds from exercise of stock options and stock awards 68 131
Financing fees (1,670) (473)
Treasury stock acquisitions 2,686 918
Cash dividends on common stock paid to shareholders (1,244) (931)
Excess income tax benefit from share-based compensation 289 283
Net cash provided (used) by financing activities 175,744 (1,670)
Effect of exchange rate changes on cash and cash equivalents (3,085) (1,898)
Net (decrease) increase in cash and cash equivalents (18,814) 21,893
Cash and cash equivalents at beginning of period 52,024 64,623
Cash and cash equivalents at end of period 33,210 86,516
Supplemental Disclosure of Cash Flow Information:    
Interest paid 2,513 267
Income taxes paid $ 6,280 $ 4,849