XML 18 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities    
Net income $ 13,367 $ 12,941
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation and amortization 5,983 6,184
Distribution received from equity method investee 3,300 0
Deferred income taxes, including change in valuation allowance (749) 3,057
Share-based compensation 1,234 690
Equity method investment earnings (1,596) (4,447)
Other, net (230) 0
Changes in Operating Assets and Liabilities:    
Receivables, net (3,328) (4,081)
Inventory (12,894) (10,576)
Prepaid expenses 270 (663)
Accounts payable (2,106) 2,992
Accounts payable to affiliate, net 196 988
Accrued expenses (2,814) 1,879
Income taxes payable 57 857
Deferred credit (348) (340)
Accrued retirement health and life insurance benefits (124) (665)
Other, net 0 287
Net cash provided by operating activities 218 9,103
Cash Flows from Investing Activities    
Additions to property and equipment (6,088) (8,080)
Other, net 230 0
Net cash used in investing activities (5,858) (8,080)
Cash Flows from Financing Activities    
Purchase of treasury stock 0 (166)
Payment of dividends (1,378) (1,087)
Principal payments on long-term debt (2,173) (799)
Proceeds from credit facility 17,064 1,235
Payments on credit facility (6,952) (1,138)
Loan fees incurred with borrowings (114) (348)
Net cash provided by (used in) financing activities 6,447 (2,303)
Increase (decrease) in cash and cash equivalents 807 (1,280)
Cash and cash equivalents, beginning of year 747 5,641
Cash and cash equivalents, end of period $ 1,554 $ 4,361