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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities    
Net income $ 9,596 $ 4,345
Loss from discontinued operations (28) 0
Income from continuing operations 9,624 4,345
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 13,239 13,104
Stock compensation expense 1,406 1,616
Net gain on sale of assets (8,375) 0
Other non-cash adjustments 1,245 13
Non-cash charges to interest expense 108 522
Benefit of deferred income taxes (72) 0
Changes in operating assets and liabilities, excluding the effects of acquisitions:    
Accounts receivable (30,164) (41,927)
Inventories 1,596 (5,723)
Other current assets and other assets (1,415) (3,965)
Accounts payable 20,254 29,698
Accrued expenses and other non-current liabilities 4,312 (1,468)
Net cash provided by (used in) operating activities 11,758 (3,785)
Cash Flows from Investing Activities    
Cash paid for acquisitions (134,318) 0
Net proceeds from sale of property and equipment 26,181 5,950
Purchases of property, plant, and equipment (4,624) (11,498)
Other investing activities 1,154 121
Net cash used in investing activities (111,607) (5,427)
Cash Flows from Financing Activities    
Proceeds from long-term debt 41,392 0
Long-term debt payments (11,792) (407)
Purchase of treasury stock at market prices (387) (408)
Net proceeds from issuance of common stock 180 404
Excess tax benefit from stock compensation 37 81
Net cash provided by (used in) financing activities 29,430 (330)
Effect of exchange rate changes on cash (769) 260
Net decrease in cash and cash equivalents (71,188) (9,282)
Cash and cash equivalents at beginning of year 110,610 $ 97,039
Cash and cash equivalents at end of period $ 39,422