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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (2,832) $ 4,285
Adjustments to reconcile net (loss) income to cash provided by operating activities:    
Deferred income taxes (219) (206)
Depreciation 3,727 2,619
Amortization 3,266 2,157
Equity loss (income) 196 (173)
Loss on sales and disposals of property, plant, and equipment 71 0
Share-based compensation (252) 620
Excess income tax deficiency (benefit) from share-based compensation 76 (310)
Change in operating assets and liabilities, net of acquisitions:    
Accounts receivable 4,274 16,044
Inventories 4,101 (8,276)
Other current assets (2,095) (1,059)
Prepaid income tax (4,630) (745)
Other noncurrent assets 144 (1,429)
Dividends from LB Pipe & Coupling Products, LLC 0 90
Accounts payable (9,227) (12,478)
Deferred revenue 1,463 (1,083)
Accrued payroll and employee benefits (2,968) (5,540)
Other current liabilities (31) (1,928)
Other liabilities (171) (17)
Net cash used by operating activities (5,107) (7,429)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from the sale of property, plant, and equipment 97 4
Capital expenditures on property, plant and equipment (3,125) (4,466)
Acquisitions, net of cash acquired 0 (189,200)
Loan to equity method investment (575) 0
Net cash used by investing activities (3,603) (193,662)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of debt (37,142) (28,084)
Proceeds from debt 43,304 219,891
Proceeds from exercise of stock options and stock awards 0 68
Financing fees 0 (1,670)
Treasury stock acquisitions (168) (962)
Cash dividends on common stock paid to shareholders (414) (416)
Excess income tax (deficiency) benefit from share-based compensation (76) 310
Net cash provided by financing activities 5,504 189,137
Effect of exchange rate changes on cash and cash equivalents 777 (2,520)
Net decrease in cash and cash equivalents (2,429) (14,474)
Cash and cash equivalents at beginning of period 33,312 52,024
Cash and cash equivalents at end of period 30,883 37,550
Supplemental Disclosure of Cash Flow Information:    
Interest paid 1,056 288
Income taxes paid $ 3,585 $ 3,551