XML 35 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities      
Net income (loss) $ 21,984 $ (38,118) $ 44,450
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 23,680 28,070 24,572
Amortization of deferred financing fees 1,089 229 614
Deferred income taxes (6,942) (41,347) (7,646)
Centennial long-lived asset impairment charge 0 105,119 0
Centennial goodwill impairment charge 0 0 3,973
(Gain) loss on sale of assets (1,811) (7,339) (588)
Other 1,754 14,667 (14,572)
Working capital changes, excluding the effect of business acquisitions:      
Accounts receivable 66,486 (22,506) (2,779)
Inventories 24,149 (879) (14,871)
Other current assets 4,530 201 (802)
Accounts payable (28,867) (2,963) 4,851
Other current liabilities 1,950 (15,335) 15,863
Net cash provided by operating activities 108,002 19,799 53,065
Investing Activities      
Expenditures for property, plant and equipment (10,615) (57,500) (57,449)
Acquisition of business (413) (25,000) 0
Proceeds from the sale of assets 3,471 8,134 2,504
Cash payment for cost method investment 0 0 (5,000)
Other (734) (568) (789)
Net cash used for investing activities (8,291) (74,934) (60,734)
Financing Activities      
Reductions of long-term debt (6,282) (9,399) (15,803)
Net additions (reductions) to revolving credit agreements (71,635) 73,546 19,654
Cash dividends paid (7,296) (7,755) (8,104)
Purchase of treasury shares (24,010) (35,075) (31,306)
Financing fees paid 0 (333) (1,209)
Other 922 (5) (8)
Net cash provided by (used for) financing activities (108,301) 20,979 (36,776)
Effect of exchange rate changes on cash (46) (99) (20)
Decrease for the year (8,636) (34,255) (44,465)
Balance at the beginning of the year 61,135 95,390 139,855
Balance at the end of the year $ 52,499 $ 61,135 $ 95,390