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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net income $ 39,122 $ 23,535
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 8,305 8,422
Amortization of intangibles 10,629 10,942
Net gain on the sale of assets (8,326) (45)
Deferred income taxes (218) 16,709
Loss on debt extinguishment 5,620 533
Stock-based compensation 4,539 3,598
Accretion of debt discount 2,262 2,409
Changes in operating assets and liabilities    
Accounts receivable (7,106) (11,167)
Inventories (66,756) (75,823)
Prepaid expenses and other (3,593) 2,111
Accounts payable and accrued liabilities 57,362 9,078
Other, net 619 1,229
Net cash provided by (used in) operating activities 42,459 (8,469)
Cash flows from investing activities    
Capital expenditures (5,350) (4,152)
Proceeds from the sale of property, plant and equipment 13,168 81
Other, net (10,000) 4,142
Net cash (used in) provided by investing activities (2,182) 71
Cash flows from financing activities    
Proceeds from exercise of stock options 1,847 1,655
Borrowings under revolving credit facilities 416 366
Payments under revolving credit facilities (416) (366)
Principal payments under capital lease obligations (746) (1,070)
Proceeds from issuance of term loan credit facility 192,845 0
Principal payments under term loan credit facility (193,327) (21,385)
Principal payments under industrial revenue bond (246) (235)
Debt issuance costs paid (2,467) 0
Stock repurchase (41,653) (1,497)
Other, net (3,079) 0
Net cash used in financing activities (46,826) (22,532)
Net decrease in cash and cash equivalents (6,549) (30,930)
Cash and cash equivalents at beginning of period 146,113 113,262
Cash and cash equivalents at end of period $ 139,564 $ 82,332