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Consolidating Guarantor and Nonguarantor Financial Information | 3 Months Ended
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Mar. 31, 2016
Disclosure Text Block Supplement [Abstract] |
Consolidating Guarantor and Nonguarantor Financial Information | Consolidating Guarantor and Nonguarantor Financial Information The following consolidating financial information presents the Statements of Comprehensive Income, Balance Sheets, and Statements of Cash Flows related to Boise Cascade. The Senior Notes are guaranteed fully and unconditionally and jointly and severally by each of our existing and future subsidiaries (other than our foreign subsidiaries). Each of our existing subsidiaries that is a guarantor of the Senior Notes is 100% owned by Boise Cascade. Other than the consolidated financial statements and footnotes for Boise Cascade and the consolidating financial information, financial statements and other disclosures concerning the guarantors have not been presented because management believes that such information is not material to investors. Furthermore, the cancellation provisions in the related indenture regarding guarantor subsidiaries are customary, and they do not include an arrangement that permits a guarantor subsidiary to opt out of the obligation prior to or during the term of the debt. Each guarantor subsidiary is automatically released from its obligations as a guarantor upon the sale of the subsidiary or substantially all of its assets to a third party, the designation of the subsidiary as an unrestricted subsidiary for purposes of the covenants included in the indenture, the release of the indebtedness under the indenture, or if the issuer exercises its legal defeasance option or the discharge of its obligations in accordance with the indenture governing the Senior Notes. Boise Cascade Company and Subsidiaries Consolidating Statements of Comprehensive Income For the Three Months Ended March 31, 2016 (unaudited)
|  | Boise Cascade Company (Parent) |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated
|  | (thousands)
Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade |  | $ | 186 |  |  | $ | 877,072 |  |  | $ | 3,437 |  |  | $ | — |  |  | $ | 880,695 |
Intercompany |  | — |  |  | — |  |  | 5,512 |  |  | (5,512 | ) |  | — |
|  | 186 |  |  | 877,072 |  |  | 8,949 |  |  | (5,512 | ) |  | 880,695 |
Costs and expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Materials, labor, and other operating expenses (excluding depreciation) |  | 242 |  |  | 766,885 |  |  | 8,145 |  |  | (5,728 | ) |  | 769,544 |
Depreciation and amortization |  | 370 |  |  | 14,585 |  |  | 283 |  |  | — |  |  | 15,238 |
Selling and distribution expenses |  | 163 |  |  | 67,447 |  |  | 431 |  |  | — |  |  | 68,041 |
General and administrative expenses |  | 5,235 |  |  | 10,601 |  |  | — |  |  | 216 |  |  | 16,052 |
Other (income) expense, net |  | — |  |  | (1,624 | ) |  | 39 |  |  | — |  |  | (1,585 | )
|  | 6,010 |  |  | 857,894 |  |  | 8,898 |  |  | (5,512 | ) |  | 867,290 |
Income (loss) from operations |  | (5,824 | ) |  | 19,178 |  |  | 51 |  |  | — |  |  | 13,405 |
Foreign currency exchange gain |  | 27 |  |  | 77 |  |  | 94 |  |  | — |  |  | 198 |
Interest expense |  | (5,764 | ) |  | (38 | ) |  | — |  |  | — |  |  | (5,802 | )
Interest income |  | 112 |  |  | 37 |  |  | — |  |  | — |  |  | 149 |
Change in fair value of interest rate swaps |  | (69 | ) |  | — |  |  | — |  |  | — |  |  | (69 | )
|  | (5,694 | ) |  | 76 |  |  | 94 |  |  | — |  |  | (5,524 | )
Income (loss) before income taxes and equity in net income of affiliates |  | (11,518 | ) |  | 19,254 |  |  | 145 |  |  | — |  |  | 7,881 |
Income tax (provision) benefit |  | (2,956 | ) |  | 25 |  |  | — |  |  | — |  |  | (2,931 | )
Income (loss) before equity in net income of affiliates |  | (14,474 | ) |  | 19,279 |  |  | 145 |  |  | — |  |  | 4,950 |
Equity in net income of affiliates |  | 19,424 |  |  | — |  |  | — |  |  | (19,424 | ) |  | — |
Net income |  | 4,950 |  |  | 19,279 |  |  | 145 |  |  | (19,424 | ) |  | 4,950 |
Other comprehensive income, net of tax |  |  |  |  |  |  |  |  |  |
Defined benefit pension plans |  |  |  |  |  |  |  |  |  |
Amortization of actuarial loss |  | 294 |  |  | — |  |  | — |  |  | — |  |  | 294 |
Effect of settlements |  | 183 |  |  | — |  |  | — |  |  | — |  |  | 183 |
Other comprehensive income, net of tax |  | 477 |  |  | — |  |  | — |  |  | — |  |  | 477 |
Comprehensive income |  | $ | 5,427 |  |  | $ | 19,279 |  |  | $ | 145 |  |  | $ | (19,424 | ) |  | $ | 5,427 |
Boise Cascade Company and Subsidiaries Consolidating Statements of Comprehensive Income For the Three Months Ended March 31, 2015 (unaudited)
|  | Boise Cascade Company (Parent) |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated
|  | (thousands)
Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade |  | $ | — |  |  | $ | 807,727 |  |  | $ | 2,176 |  |  | $ | — |  |  | $ | 809,903 |
Intercompany |  | — |  |  | — |  |  | 4,039 |  |  | (4,039 | ) |  | — |
|  | — |  |  | 807,727 |  |  | 6,215 |  |  | (4,039 | ) |  | 809,903 |
Costs and expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Materials, labor, and other operating expenses (excluding depreciation) |  | 850 |  |  | 702,853 |  |  | 5,649 |  |  | (4,313 | ) |  | 705,039 |
Depreciation and amortization |  | 58 |  |  | 13,239 |  |  | 290 |  |  | — |  |  | 13,587 |
Selling and distribution expenses |  | 555 |  |  | 60,763 |  |  | 562 |  |  | — |  |  | 61,880 |
General and administrative expenses |  | 5,293 |  |  | 6,441 |  |  | — |  |  | 274 |  |  | 12,008 |
Other (income) expense, net |  | (225 | ) |  | 157 |  |  | (231 | ) |  | — |  |  | (299 | )
|  | 6,531 |  |  | 783,453 |  |  | 6,270 |  |  | (4,039 | ) |  | 792,215 |
Income (loss) from operations |  | (6,531 | ) |  | 24,274 |  |  | (55 | ) |  | — |  |  | 17,688 |
Foreign currency exchange gain (loss) |  | (172 | ) |  | 133 |  |  | (68 | ) |  | — |  |  | (107 | )
Interest expense |  | (5,481 | ) |  | — |  |  | — |  |  | — |  |  | (5,481 | )
Interest income |  | 18 |  |  | 72 |  |  | — |  |  | — |  |  | 90 |
|  | (5,635 | ) |  | 205 |  |  | (68 | ) |  | — |  |  | (5,498 | )
Income (loss) before income taxes and equity in net income of affiliates |  | (12,166 | ) |  | 24,479 |  |  | (123 | ) |  | — |  |  | 12,190 |
Income tax (provision) benefit |  | (4,604 | ) |  | 31 |  |  | — |  |  | — |  |  | (4,573 | )
Income (loss) before equity in net income of affiliates |  | (16,770 | ) |  | 24,510 |  |  | (123 | ) |  | — |  |  | 7,617 |
Equity in net income of affiliates |  | 24,387 |  |  | — |  |  | — |  |  | (24,387 | ) |  | — |
Net income (loss) |  | 7,617 |  |  | 24,510 |  |  | (123 | ) |  | (24,387 | ) |  | 7,617 |
Other comprehensive income (loss), net of tax |  |  |  |  |  |  |  |  |  |
Defined benefit pension plans |  |  |  |  |  |  |  |  |  |
Amortization of actuarial loss |  | 985 |  |  | — |  |  | — |  |  | — |  |  | 985 |
Effect of settlements |  | 309 |  |  | — |  |  | — |  |  | — |  |  | 309 |
Other comprehensive income, net of tax |  | 1,294 |  |  | — |  |  | — |  |  | — |  |  | 1,294 |
Comprehensive income (loss) |  | $ | 8,911 |  |  | $ | 24,510 |  |  | $ | (123 | ) |  | $ | (24,387 | ) |  | $ | 8,911 |
Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at March 31, 2016 (unaudited)
|  | Boise Cascade Company (Parent) |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated
|  | (thousands)
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 81,121 |  |  | $ | 11 |  |  | $ | 55 |  |  | $ | — |  |  | $ | 81,187 |
Receivables |  |  |  |  |  |  |  |  |  |  |
Trade, less allowances |  | 138 |  |  | 276,626 |  |  | 1,425 |  |  | — |  |  | 278,189 |
Related parties |  | — |  |  | 515 |  |  | — |  |  | — |  |  | 515 |
Other |  | 566 |  |  | 8,142 |  |  | 327 |  |  | — |  |  | 9,035 |
Inventories |  | — |  |  | 433,800 |  |  | 6,763 |  |  | — |  |  | 440,563 |
Prepaid expenses and other |  | 6,984 |  |  | 2,193 |  |  | 229 |  |  | — |  |  | 9,406 |
Total current assets |  | 88,809 |  |  | 721,287 |  |  | 8,799 |  |  | — |  |  | 818,895 |
Property and equipment, net |  | 5,466 |  |  | 540,958 |  |  | 6,358 |  |  | — |  |  | 552,782 |
Timber deposits |  | — |  |  | 15,907 |  |  | — |  |  | — |  |  | 15,907 |
Goodwill |  | — |  |  | 56,009 |  |  | — |  |  | — |  |  | 56,009 |
Intangible assets, net |  | — |  |  | 16,067 |  |  | — |  |  | — |  |  | 16,067 |
Other assets |  | 1,177 |  |  | 10,536 |  |  | — |  |  | — |  |  | 11,713 |
Investments in affiliates |  | 1,059,524 |  |  | — |  |  | — |  |  | (1,059,524 | ) |  | — |
Total assets |  | $ | 1,154,976 |  |  | $ | 1,360,764 |  |  | $ | 15,157 |  |  | $ | (1,059,524 | ) |  | $ | 1,471,373 |
Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at March 31, 2016 (continued) (unaudited)
|  | Boise Cascade Company (Parent) |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated
|  | (thousands)
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade |  | $ | 15,408 |  |  | $ | 236,344 |  |  | $ | 1,278 |  |  | $ | — |  |  | $ | 253,030 |
Related parties |  | — |  |  | 1,623 |  |  | — |  |  | — |  |  | 1,623 |
Accrued liabilities |  | — |  |  | — |  |  | — |  |  | — |  |  |  |
Compensation and benefits |  | 13,714 |  |  | 33,007 |  |  | 286 |  |  | — |  |  | 47,007 |
Interest payable |  | 8,156 |  |  | — |  |  | — |  |  | — |  |  | 8,156 |
Other |  | (517 | ) |  | 35,737 |  |  | 721 |  |  | — |  |  | 35,941 |
Total current liabilities |  | 36,761 |  |  | 306,711 |  |  | 2,285 |  |  | — |  |  | 345,757 |
Debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | 474,356 |  |  | — |  |  | — |  |  | — |  |  | 474,356 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | 93,678 |  |  | — |  |  | — |  |  | — |  |  | 93,678 |
Other long-term liabilities |  | 11,858 |  |  | 6,951 |  |  | 450 |  |  | — |  |  | 19,259 |
|  | 105,536 |  |  | 6,951 |  |  | 450 |  |  | — |  |  | 112,937 |
Commitments and contingent liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stockholders' equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Preferred stock |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock |  | 435 |  |  | — |  |  | — |  |  | — |  |  | 435 |
Treasury stock |  | (126,343 | ) |  | — |  |  | — |  |  | — |  |  | (126,343 | )
Additional paid-in capital |  | 508,923 |  |  | — |  |  | — |  |  | — |  |  | 508,923 |
Accumulated other comprehensive loss |  | (92,538 | ) |  | — |  |  | — |  |  | — |  |  | (92,538 | )
Retained earnings |  | 247,846 |  |  | — |  |  | — |  |  | — |  |  | 247,846 |
Subsidiary equity |  | — |  |  | 1,047,102 |  |  | 12,422 |  |  | (1,059,524 | ) |  | — |
Total stockholders' equity |  | 538,323 |  |  | 1,047,102 |  |  | 12,422 |  |  | (1,059,524 | ) |  | 538,323 |
Total liabilities and stockholders' equity |  | $ | 1,154,976 |  |  | $ | 1,360,764 |  |  | $ | 15,157 |  |  | $ | (1,059,524 | ) |  | $ | 1,471,373 |
Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at December 31, 2015
|  | Boise Cascade Company (Parent) |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated
|  | (thousands)
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 184,434 |  |  | $ | 11 |  |  | $ | 51 |  |  | $ | — |  |  | $ | 184,496 |
Receivables |  |  |  |  |  |  |  |  |  |  |
Trade, less allowances |  | 8 |  |  | 186,488 |  |  | 642 |  |  | — |  |  | 187,138 |
Related parties |  | — |  |  | 1,065 |  |  | — |  |  | — |  |  | 1,065 |
Other |  | 925 |  |  | 9,712 |  |  | 224 |  |  | — |  |  | 10,861 |
Inventories |  | — |  |  | 378,589 |  |  | 6,268 |  |  | — |  |  | 384,857 |
Prepaid expenses and other |  | 15,032 |  |  | 7,620 |  |  | 1 |  |  | (5,500 | ) |  | 17,153 |
Total current assets |  | 200,399 |  |  | 583,485 |  |  | 7,186 |  |  | (5,500 | ) |  | 785,570 |
Property and equipment, net |  | 5,020 |  |  | 391,057 |  |  | 6,589 |  |  | — |  |  | 402,666 |
Timber deposits |  | — |  |  | 15,848 |  |  | — |  |  | — |  |  | 15,848 |
Goodwill |  | — |  |  | 21,823 |  |  | — |  |  | — |  |  | 21,823 |
Intangible assets, net |  | — |  |  | 10,090 |  |  | — |  |  | — |  |  | 10,090 |
Other assets |  | 1,503 |  |  | 11,091 |  |  | 15 |  |  | — |  |  | 12,609 |
Investments in affiliates |  | 801,934 |  |  | — |  |  | — |  |  | (801,934 | ) |  | — |
Total assets |  | $ | 1,008,856 |  |  | $ | 1,033,394 |  |  | $ | 13,790 |  |  | $ | (807,434 | ) |  | $ | 1,248,606 |
Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at December 31, 2015 (continued)
|  | Boise Cascade Company (Parent) |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated
|  | (thousands)
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade |  | $ | 4,552 |  |  | $ | 153,953 |  |  | $ | 524 |  |  | $ | — |  |  | $ | 159,029 |
Related parties |  | — |  |  | 1,442 |  |  | — |  |  | — |  |  | 1,442 |
Accrued liabilities |  |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | 16,034 |  |  | 38,399 |  |  | 279 |  |  | — |  |  | 54,712 |
Interest payable |  | 3,389 |  |  | — |  |  | — |  |  | — |  |  | 3,389 |
Other |  | 1,958 |  |  | 36,617 |  |  | 7,003 |  |  | (5,500 | ) |  | 40,078 |
Total current liabilities |  | 25,933 |  |  | 230,411 |  |  | 7,806 |  |  | (5,500 | ) |  | 258,650 |
Debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | 344,589 |  |  | — |  |  | — |  |  | — |  |  | 344,589 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | 93,355 |  |  | — |  |  | — |  |  | — |  |  | 93,355 |
Other long-term liabilities |  | 10,309 |  |  | 7,033 |  |  | — |  |  | — |  |  | 17,342 |
|  | 103,664 |  |  | 7,033 |  |  | — |  |  | — |  |  | 110,697 |
Commitments and contingent liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stockholders' equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Preferred stock |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock |  | 434 |  |  | — |  |  | — |  |  | — |  |  | 434 |
Treasury stock |  | (123,711 | ) |  | — |  |  | — |  |  | — |  |  | (123,711 | )
Additional paid-in capital |  | 508,066 |  |  | — |  |  | — |  |  | — |  |  | 508,066 |
Accumulated other comprehensive loss |  | (93,015 | ) |  | — |  |  | — |  |  | — |  |  | (93,015 | )
Retained earnings |  | 242,896 |  |  | — |  |  | — |  |  | — |  |  | 242,896 |
Subsidiary equity |  | — |  |  | 795,950 |  |  | 5,984 |  |  | (801,934 | ) |  | — |
Total stockholders' equity |  | 534,670 |  |  | 795,950 |  |  | 5,984 |  |  | (801,934 | ) |  | 534,670 |
Total liabilities and stockholders' equity |  | $ | 1,008,856 |  |  | $ | 1,033,394 |  |  | $ | 13,790 |  |  | $ | (807,434 | ) |  | $ | 1,248,606 |
Boise Cascade Company and Subsidiaries Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2016 (unaudited)
|  | Boise Cascade Company (Parent) |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated
|  | (thousands)
Cash provided by (used for) operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 4,950 |  |  | $ | 19,279 |  |  | $ | 145 |  |  | $ | (19,424 | ) |  | $ | 4,950 |
Items in net income not using (providing) cash |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity in net income of affiliates |  | (19,424 | ) |  | — |  |  | — |  |  | 19,424 |  |  | — |
Depreciation and amortization, including deferred financing costs and other |  | 797 |  |  | 14,585 |  |  | 283 |  |  | — |  |  | 15,665 |
Stock-based compensation |  | 1,693 |  |  | — |  |  | — |  |  | — |  |  | 1,693 |
Pension expense |  | 739 |  |  | — |  |  | — |  |  | — |  |  | 739 |
Deferred income taxes |  | 1,449 |  |  | — |  |  | — |  |  | — |  |  | 1,449 |
Change of fair value of interest rate swaps |  | 69 |  |  | — |  |  | — |  |  | — |  |  | 69 |
Other |  | — |  |  | (114 | ) |  | — |  |  | — |  |  | (114 | )
Decrease (increase) in working capital, net of acquisitions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Receivables |  | 229 |  |  | (77,651 | ) |  | (886 | ) |  | — |  |  | (78,308 | )
Inventories |  | — |  |  | (37,871 | ) |  | (495 | ) |  | — |  |  | (38,366 | )
Prepaid expenses and other |  | (1,957 | ) |  | 5,427 |  |  | (228 | ) |  | (5,500 | ) |  | (2,258 | )
Accounts payable and accrued liabilities |  | 11,311 |  |  | 74,487 |  |  | (5,516 | ) |  | 5,500 |  |  | 85,782 |
Pension contributions |  | (2,340 | ) |  | — |  |  | — |  |  | — |  |  | (2,340 | )
Income taxes payable |  | 10,732 |  |  | — |  |  | — |  |  | — |  |  | 10,732 |
Other |  | 810 |  |  | 213 |  |  | 465 |  |  | — |  |  | 1,488 |
Net cash provided by (used for) operations |  | 9,058 |  |  | (1,645 | ) |  | (6,232 | ) |  | — |  |  | 1,181 |
Cash provided by (used for) investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expenditures for property and equipment |  | (695 | ) |  | (14,710 | ) |  | (56 | ) |  | — |  |  | (15,461 | )
Acquisitions of businesses and facilities |  | — |  |  | (215,603 | ) |  | — |  |  | — |  |  | (215,603 | )
Proceeds from sales of assets and other |  | — |  |  | 145 |  |  | (1 | ) |  | — |  |  | 144 |
Net cash used for investment |  | (695 | ) |  | (230,168 | ) |  | (57 | ) |  | — |  |  | (230,920 | )
Cash provided by (used for) financing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings of long-term debt |  | 130,000 |  |  | — |  |  | — |  |  | — |  |  | 130,000 |
Treasury stock purchased |  | (2,632 | ) |  | — |  |  | — |  |  | — |  |  | (2,632 | )
Financing costs |  | (493 | ) |  | — |  |  | — |  |  | — |  |  | (493 | )
Tax withholding payments on stock-based awards |  | (383 | ) |  | — |  |  | — |  |  | — |  |  | (383 | )
Other |  | (2 | ) |  | (60 | ) |  | — |  |  | — |  |  | (62 | )
Due to (from) affiliates |  | (238,166 | ) |  | 231,873 |  |  | 6,293 |  |  | — |  |  | — |
Net cash provided by (used for) financing |  | (111,676 | ) |  | 231,813 |  |  | 6,293 |  |  | — |  |  | 126,430 |
Net increase (decrease) in cash and cash equivalents |  | (103,313 | ) |  | — |  |  | 4 |  |  | — |  |  | (103,309 | )
Balance at beginning of the period |  | 184,434 |  |  | 11 |  |  | 51 |  |  | — |  |  | 184,496 |
Balance at end of the period |  | $ | 81,121 |  |  | $ | 11 |  |  | $ | 55 |  |  | $ | — |  |  | $ | 81,187 |
Boise Cascade Company and Subsidiaries Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2015 (unaudited)
|  | Boise Cascade Company (Parent) |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated
|  | (thousands)
Cash provided by (used for) operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 7,617 |  |  | $ | 24,510 |  |  | $ | (123 | ) |  | $ | (24,387 | ) |  | $ | 7,617 |
Items in net income not using (providing) cash |  |  |  |  |  |  |  |  |  |  |
Equity in net income of affiliates |  | (24,387 | ) |  | — |  |  | — |  |  | 24,387 |  |  | — |
Depreciation and amortization, including deferred financing costs and other |  | 437 |  |  | 13,239 |  |  | 290 |  |  | — |  |  | 13,966 |
Stock-based compensation |  | 1,205 |  |  | — |  |  | — |  |  | — |  |  | 1,205 |
Pension expense |  | 2,082 |  |  | — |  |  | — |  |  | — |  |  | 2,082 |
Deferred income taxes |  | 408 |  |  | — |  |  | — |  |  | — |  |  | 408 |
Other |  | (447 | ) |  | (70 | ) |  | — |  |  | — |  |  | (517 | )
Decrease (increase) in working capital |  |  |  |  |  |  |  |  |  |
Receivables |  | (135 | ) |  | (38,655 | ) |  | (400 | ) |  | — |  |  | (39,190 | )
Inventories |  | — |  |  | (36,290 | ) |  | (1,716 | ) |  | — |  |  | (38,006 | )
Prepaid expenses and other |  | (2,597 | ) |  | 1,367 |  |  | (18 | ) |  | — |  |  | (1,248 | )
Accounts payable and accrued liabilities |  | 4,326 |  |  | 37,932 |  |  | (659 | ) |  | — |  |  | 41,599 |
Pension contributions |  | (12,919 | ) |  | — |  |  | — |  |  | — |  |  | (12,919 | )
Income taxes payable |  | 11,358 |  |  | — |  |  | — |  |  | — |  |  | 11,358 |
Other |  | (2,001 | ) |  | (338 | ) |  | — |  |  | — |  |  | (2,339 | )
Net cash provided by (used for) operations |  | (15,053 | ) |  | 1,695 |  |  | (2,626 | ) |  | — |  |  | (15,984 | )
Cash provided by (used for) investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expenditures for property and equipment |  | (123 | ) |  | (12,486 | ) |  | (9 | ) |  | — |  |  | (12,618 | )
Proceeds from sales of assets and other |  | — |  |  | 104 |  |  | (5 | ) |  | — |  |  | 99 |
Net cash used for investment |  | (123 | ) |  | (12,382 | ) |  | (14 | ) |  | — |  |  | (12,519 | )
Cash provided by (used for) financing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tax withholding payments on stock-based awards |  | (1,063 | ) |  | — |  |  | — |  |  | — |  |  | (1,063 | )
Other |  | 533 |  |  | — |  |  | — |  |  | — |  |  | 533 |
Due to (from) affiliates |  | (13,350 | ) |  | 10,697 |  |  | 2,653 |  |  | — |  |  | — |
Net cash provided by (used for) financing |  | (13,880 | ) |  | 10,697 |  |  | 2,653 |  |  | — |  |  | (530 | )
Net increase (decrease) in cash and cash equivalents |  | (29,056 | ) |  | 10 |  |  | 13 |  |  | — |  |  | (29,033 | )
Balance at beginning of the period |  | 163,512 |  |  | 23 |  |  | 14 |  |  | — |  |  | 163,549 |
Balance at end of the period |  | $ | 134,456 |  |  | $ | 33 |  |  | $ | 27 |  |  | $ | — |  |  | $ | 134,516 |

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