XML 32 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities    
Net income $ 23,535 $ 19,870
Adjustments to reconcile net income to net cash (used in) provided by operating activities    
Depreciation 8,422 8,483
Amortization of intangibles 10,942 10,824
Loss on debt extinguishment 533 698
Deferred income taxes 16,709 13,073
Stock-based compensation 3,598 3,908
Accretion of debt discount 2,409 2,268
Changes in operating assets and liabilities    
Accounts receivable (11,167) (27,933)
Inventories (75,823) (53,255)
Prepaid expenses and other 2,111 160
Accounts payable and accrued liabilities 9,078 26,592
Other, net 1,184 1,952
Net cash (used in) provided by operating activities (8,469) 6,640
Cash flows from investing activities    
Capital expenditures (4,152) (6,579)
Acquisition, net of cash acquired 0 (15,985)
Other 4,223 2,500
Net cash provided by (used in) investing activities 71 (20,064)
Cash flows from financing activities    
Proceeds from exercise of stock options 1,655 191
Borrowings under revolving credit facilities 366 651
Payments under revolving credit facilities (366) (651)
Principal payments under capital lease obligations (1,070) (884)
Principal payments under term loan credit facility (21,385) (20,750)
Principal payments under industrial revenue bond (235) (151)
Debt issuance costs paid 0 (981)
Stock repurchase (1,497) (35)
Net cash used in financing activities (22,532) (22,610)
Net decrease in cash and cash equivalents (30,930) (36,034)
Cash and cash equivalents at beginning of period 113,262 81,449
Cash and cash equivalents at end of period $ 82,332 $ 45,415