XML 69 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net income $ 8,217us-gaap_NetIncomeLoss $ 17,178us-gaap_NetIncomeLoss $ 24,268us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 22,146us-gaap_DepreciationDepletionAndAmortization 16,957us-gaap_DepreciationDepletionAndAmortization 17,643us-gaap_DepreciationDepletionAndAmortization
Amortization of debt issuance costs 844us-gaap_AmortizationOfFinancingCosts 547us-gaap_AmortizationOfFinancingCosts 824us-gaap_AmortizationOfFinancingCosts
Debt Issuance costs write-off 1,398us-gaap_WriteOffOfDeferredDebtIssuanceCost    
Joint venture net income in excess of cash received (831)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions    
(Gain) loss on disposals of property, plant and equipment   5us-gaap_GainLossOnSaleOfPropertyPlantEquipment (17)us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Allowance for doubtful accounts 208us-gaap_ProvisionForDoubtfulAccounts 177us-gaap_ProvisionForDoubtfulAccounts 98us-gaap_ProvisionForDoubtfulAccounts
Compensation expense from issuance of restricted stock and incentive stock options 2,595us-gaap_AllocatedShareBasedCompensationExpense 2,239us-gaap_AllocatedShareBasedCompensationExpense 1,788us-gaap_AllocatedShareBasedCompensationExpense
Deferred income tax expense (benefit) (1,333)us-gaap_DeferredIncomeTaxExpenseBenefit 3,331us-gaap_DeferredIncomeTaxExpenseBenefit (7,067)us-gaap_DeferredIncomeTaxExpenseBenefit
Capitalized interest and non-cash interest     (173)nnbr_CapitalizedInterestAndNonCashInterestAndOtherExpenses
Non-cash restructuring and impairment charges 875us-gaap_RestructuringCostsAndAssetImpairmentCharges   967us-gaap_RestructuringCostsAndAssetImpairmentCharges
Changes in operating assets and liabilities:      
Accounts receivable (3,283)us-gaap_IncreaseDecreaseInAccountsReceivable (6,284)us-gaap_IncreaseDecreaseInAccountsReceivable 15,330us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (9,836)us-gaap_IncreaseDecreaseInInventories (7,232)us-gaap_IncreaseDecreaseInInventories 238us-gaap_IncreaseDecreaseInInventories
Other current assets (1,624)us-gaap_IncreaseDecreaseInOtherCurrentAssets 1,577us-gaap_IncreaseDecreaseInOtherCurrentAssets (1,568)us-gaap_IncreaseDecreaseInOtherCurrentAssets
Other non-current assets (4,828)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets (802)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets (21)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets
Accounts payable 9,497us-gaap_IncreaseDecreaseInAccountsPayable 2,577us-gaap_IncreaseDecreaseInAccountsPayable (11,630)us-gaap_IncreaseDecreaseInAccountsPayable
Other liabilities 6,663us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 1,481us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (3,322)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by operating activities 30,708us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 31,751us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 37,358us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:      
Acquisition of property, plant and equipment (27,602)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (15,250)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (17,089)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from disposals of property, plant and equipment 1,374us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment   366us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Cash paid to acquire businesses, net of cash received (257,664)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired    
Dividend received from joint venture 2,284us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital    
Proceeds received from long-term note receivable     1,945us-gaap_ProceedsFromSaleAndCollectionOfNotesReceivable
Net cash used by investing activities (281,608)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (15,250)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (14,778)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:      
Debt issue costs paid (9,380)us-gaap_PaymentsOfDebtIssuanceCosts   (862)us-gaap_PaymentsOfDebtIssuanceCosts
Dividends Paid (5,131)us-gaap_PaymentsOfDividends (3,129)us-gaap_PaymentsOfDividends  
Proceeds from long-term debt, net 344,750us-gaap_ProceedsFromIssuanceOfLongTermDebt    
Repayment of long-term debt, net (40,880)us-gaap_RepaymentsOfLongTermDebt (33,715)us-gaap_RepaymentsOfLongTermDebt (7,914)us-gaap_RepaymentsOfLongTermDebt
Proceeds (repayment) of short-term debt, net 359us-gaap_ProceedsFromRepaymentsOfShortTermDebt 676us-gaap_ProceedsFromRepaymentsOfShortTermDebt (701)us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Proceeds from issuance of stock and exercise of stock options 1,671us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 4,013us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 22us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
Payment for acquisition of non-controlling interest (2,528)us-gaap_PaymentsToMinorityShareholders    
Principal payments on capital lease (1,888)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations (136)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations (119)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations
Net cash provided by (used by) financing activities 286,973us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (32,291)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (9,574)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash flows (1,795)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (161)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 1,448us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net change in cash and cash equivalents 34,278us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (15,951)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 14,454us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 3,039us-gaap_CashAndCashEquivalentsAtCarryingValue 18,990us-gaap_CashAndCashEquivalentsAtCarryingValue 4,536us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 37,317us-gaap_CashAndCashEquivalentsAtCarryingValue 3,039us-gaap_CashAndCashEquivalentsAtCarryingValue 18,990us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental schedule of non-cash investing and financing activities:      
Compensation expense for stock awards, ($1,321 in 2014 $802 in 2013 and $695 in 2012) and stock option expense ($1,274 in 2014, $1,437 in 2013 and $1,093 in 2012) included in stockholders' equity 2,595nnbr_NonCashFinancingAndInvestingActivitiesShareBasedCompensation 2,239nnbr_NonCashFinancingAndInvestingActivitiesShareBasedCompensation 1,788nnbr_NonCashFinancingAndInvestingActivitiesShareBasedCompensation
Shares issued in acquisition of Autocam 31,717us-gaap_StockIssued1    
Cash paid for interest and income taxes      
Interest 8,307us-gaap_InterestPaid 1,777us-gaap_InterestPaid 3,130us-gaap_InterestPaid
Income taxes $ 5,747us-gaap_IncomeTaxesPaid $ 3,986us-gaap_IncomeTaxesPaid $ 5,882us-gaap_IncomeTaxesPaid