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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities    
Net income $ 63,423 $ 38,435
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 19,951 18,813
Bad debt expense (recovery) 2,702 (570)
Equity in earnings of unconsolidated affiliates, net of distributions received (4,439) (10,738)
Gains on sales of railcars and related leases (7,033) (3,989)
Excess tax benefit from share-based payment arrangement (21) (766)
Deferred income taxes 4,443 2,799
Stock based compensation expense 1,863 1,365
Other 14 104
Changes in operating assets and liabilities:    
Accounts receivable (90,627) 5,296
Inventories 177,357 173,232
Commodity derivatives 33,294 71,535
Other assets 8,790 9,145
Accounts payable for grain (194,222) (161,733)
Other accounts payable and accrued expenses 47,744 (37,736)
Net cash provided by operating activities 63,239 105,192
Investing Activities    
Purchases of railcars (32,155) (8,956)
Proceeds from sale of railcars 17,774 12,637
Purchases of property, plant and equipment (12,572) (15,245)
Proceeds from sale of property, plant and equipment 120 92
Acquisition of business   (7,214)
Investment in convertible preferred securities   (13,100)
Purchase of investment (100)  
Change in restricted cash (438) (425)
Net cash used in investing activities (27,371) (32,211)
Financing Activities    
Net change in short-term borrowings (46,900)  
Proceeds from issuance of long-term debt 44,391 2,460
Payments of long-term debt (39,663) (15,695)
Proceeds from sale of treasury shares to employees and directors 710 1,290
Payments of debt issuance costs (815) (151)
Purchase of treasury stock (140)  
Dividends paid (4,075) (3,263)
Excess tax benefit from share-based payment arrangement 21 766
Net cash used in financing activities (46,471) (14,593)
(Decrease) increase in cash and cash equivalents (10,603) 58,388
Cash and cash equivalents at beginning of period 29,219 145,929
Cash and cash equivalents at end of period $ 18,616 $ 204,317