XML 45 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 17,016 $ 18,655
Adjustments to reconcile net income to cash flows:    
Depreciation and amortization 16,631 16,134
Non cash deferred revenue (9,500) 0
Gain on sale of assets (4,367) 0
Increase in inventory reserve 2,528 2,430
Allowance for doubtful accounts 509 97
Stock based compensation included in net income 2,006 1,270
Deferred income tax provision 1,185 (1,236)
Equity in losses of partially-owned affiliates 1,657 1,221
Other 262 266
Changes in assets and liabilities:    
Trade receivables (816) 900
Inventories (31,616) (8,858)
Prepaid expenses and other current assets (8,788) (763)
Accounts payable and other current liabilities 7,438 895
Deferred revenue (529) 11,433
Other non-current assets and liabilities 5,482 (633)
Discontinued operations:    
Net cash used in discontinued operations (813) (1,469)
Net cash (used in)/provided by operating activities (1,715) 40,342
Cash flows from investing activities:    
Capital expenditures (36,353) (9,062)
Proceeds from sale of assets 1,937 0
Advances to partially-owned affiliates (941) (1,321)
Other (152) 11
Net cash used in investing activities (35,509) (10,372)
Long-term debt activity:    
Borrowings 57,750 0
Repayments (20,700) (30,000)
Proceeds from stock options exercised 1,630 1,072
Other (302) (21)
Net cash provided by/(used in) financing activities 38,378 (28,949)
Effect of exchange rate changes on cash and cash equivalents 387 575
Net increase in cash and cash equivalents 1,541 1,596
Cash and cash equivalents at beginning of period 23,551 31,921
Cash and cash equivalents at end of period $ 25,092 $ 33,517