XML 23 R6.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities:    
Net income $ 11,334 $ 5,348
Adjustments to reconcile net income to net cash (used) provided by operating activities:    
Depreciation and amortization 8,326 10,962
Amortization of debt issuance costs 409 730
Write-off of unamortized debt issuance cost   130
Loss on disposal of assets 3 3
Deferred income tax expense (benefit)   (57)
Gain from deconsolidation of bankrupt subsidiary (209)  
Share-based compensation expense 116 1,200
Non-cash interest income from long-term note receivable (126)  
Changes in operating assets and liabilities:    
Accounts receivable (19,141) (20,288)
Inventories (1,668) (1,743)
Accounts payable (627) 6,267
Other assets and liabilities (434) 2,574
Net cash (used) provided by operating activities (2,017) 5,126
Investing Activities:    
Acquisition of property, plant and equipment (10,173) (4,354)
Cash lost on deconsolidation of Eltmann subsidiary (979)  
Proceeds from disposals of property, plant and equipment 106 2
Net cash used by investing activities (11,046) (4,352)
Financing Activities:    
Proceeds (repayment) of short-term debt 941 (1,228)
Principal payment on capital lease (32) (28)
Proceeds from long term debt 12,486 2,085
Proceeds from issuance of stock 2,302 7
Debt issuance cost paid (334) (422)
Net cash provided by financing activities 15,363 414
Effect of exchange rate changes on cash flows 2,067 (3,889)
Net Change in Cash 4,367 (2,701)
Cash at Beginning of Period 5,556 8,744
Cash at End of Period $ 9,923 $ 6,043