XML 35 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net income (loss) $ 752 $ (5,148)
Adjustments to reconcile from net income (loss) to net cash provided by (used for) operating activities:    
Depreciation, depletion and amortization 11,559 12,597
Amortization of deferred financing fees 790 270
Deferred income taxes 2,892 (248)
Other (6,922) 7,569
Working capital changes:    
Accounts receivable 89,406 31,466
Inventories (12,785) (3,723)
Other current assets (1,860) (1,576)
Accounts payable (16,465) (33,695)
Other current liabilities (10,814) (16,172)
Income taxes receivable/payable (6,672) (12,752)
Net cash provided by (used for) for operating activities 49,881 (21,412)
Investing activities    
Expenditures for property, plant and equipment (4,152) (41,180)
Other 1,088 380
Net cash used for investing activities (3,064) (40,800)
Financing activities    
Additions to long-term debt 2,047 1,553
Reductions of long-term debt (728) (1,710)
Net additions (reductions) to revolving credit agreements (70,153) 46,063
Cash dividends paid (3,688) (3,957)
Purchase of treasury shares (16,009) (14,247)
Other (42) 2
Net cash provided by (used for) financing activities (88,573) 27,704
Effect of exchange rate changes on cash (56) 25
Cash and cash equivalents    
Decrease for the period (41,812) (34,483)
Balance at the beginning of the period 61,135 95,390
Balance at the end of the period $ 19,323 $ 60,907