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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (94,828) $ 9,649
Adjustments to reconcile net (loss) income to cash provided by operating activities:    
Deferred income taxes (38,475) (425)
Depreciation 7,325 6,775
Amortization 6,055 5,613
Asset impairments 128,938 0
Equity loss in nonconsolidated investments 683 13
Loss on sales and disposals of property, plant, and equipment 240 57
Share-based compensation 555 1,896
Excess income tax deficiency (benefit) from share-based compensation 124 (310)
Change in operating assets and liabilities, net of acquisitions:    
Accounts receivable (2,755) 6,524
Inventories (231) (7,832)
Other current assets (959) (103)
Prepaid income tax (4,262) (948)
Other noncurrent assets (60) (1,257)
Dividends from LB Pipe & Coupling Products, LLC 0 90
Accounts payable 3,784 (13,101)
Deferred revenue 2,412 (1,073)
Accrued payroll and employee benefits (2,658) (5,699)
Other current liabilities 812 (1,113)
Other liabilities (145) (690)
Net cash provided (used) by operating activities 6,555 (1,934)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from the sale of property, plant, and equipment 768 163
Capital expenditures on property, plant and equipment (5,070) (8,246)
Acquisitions, net of cash acquired 0 (193,871)
Loans and capital contributions to equity method investment (575) (61)
Net cash used by investing activities (4,877) (202,015)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of debt (68,174) (62,247)
Proceeds from debt 67,789 254,291
Proceeds from exercise of stock options and stock awards 0 68
Financing fees (712) (1,670)
Treasury stock acquisitions (265) (962)
Cash dividends on common stock paid to shareholders (829) (831)
Excess income tax deficiency (benefit) from share-based compensation (124) 310
Net cash (used) provided by financing activities (2,315) 188,959
Effect of exchange rate changes on cash and cash equivalents 130 (1,473)
Net decrease in cash and cash equivalents (507) (16,463)
Cash and cash equivalents at beginning of period 33,312 52,024
Cash and cash equivalents at end of period 32,805 35,561
Supplemental Disclosure of Cash Flow Information:    
Interest paid 2,211 1,471
Income taxes paid $ 3,987 $ 6,379