XML 42 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating Activities:    
Net income $ 12,171 $ 12,631
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 11,008 11,216
Amortization of deferred financing costs 34 34
Deferred income taxes 1,297 1,861
Loss on sale of property, plant and equipment 53 82
Stock-based compensation 684 822
Changes in operating assets and liabilities:    
Trade receivables, net (3,215) (734)
Inventories 577 (1,631)
Prepaid expenses and other current assets (80) 435
Other assets 3 3
Accounts payable and accrued expenses 1,515 435
Other liabilities 120 (267)
Net cash provided by operating activities 24,167 24,887
Investing Activities:    
Purchase of property, plant and equipment (6,690) (6,489)
Proceeds from sale of property, plant and equipment 78 48
Net cash used in investing activities (6,612) (6,441)
Financing Activities:    
Repayments of term loans (3,750) (3,750)
Purchase of treasury shares (212) (40,790)
Proceeds from exercise of stock options 21 75
Net cash used in financing activities (3,941) (44,465)
Net increase (decrease) in cash and cash equivalents 13,614 (26,019)
Cash and cash equivalents at beginning of period 29,787 53,372
Cash and cash equivalents at end of period $ 43,401 $ 27,353