v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating activities    
Net income $ 46,199 $ 63,423
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation and amortization 22,500 19,951
Bad debt expense 493 2,702
Cash distributions in excess of income of unconsolidated affiliates 9,451 (4,439)
Gains on sales of railcars and related leases (8,674) (7,033)
Excess tax benefit from share-based payment arrangement (35) (21)
Deferred income taxes 4,399 4,443
Stock based compensation expense 2,875 1,863
Other 62 14
Changes in operating assets and liabilities:    
Accounts and notes receivable (36,277) (90,627)
Inventories 176,766 177,357
Commodity derivatives (27,790) 33,294
Other assets 1,624 8,790
Accounts payable for grain (261,925) (194,222)
Other accounts payable and accrued expenses (63,758) 47,744
Net cash (used in) provided by operating activities (134,090) 63,239
Investing Activities    
Purchase of treasury bills (19,996) (100)
Proceeds from redemption of investment 19,998 0
Acquisition of business (93,112) 0
Purchases of railcars (77,028) (32,155)
Proceeds from sale of railcars 16,057 17,774
Purchases of property, plant and equipment (38,171) (12,572)
Proceeds from sale of property, plant and equipment 725 120
Proceeds from minority investor 6,100 0
Change in restricted cash 13,007 (438)
Net cash used in investing activities (172,420) (27,371)
Financing Activities    
Net change in short-term borrowings 238,108 (46,900)
Proceeds from issuance of long-term debt 106,878 44,391
Payments of long-term debt (30,675) (39,663)
Proceeds from sale of treasury shares to employees and directors 1,350 710
Payment of debt issuance costs (72) (815)
Purchase of treasury stock 0 (140)
Dividends paid (5,574) (4,075)
Excess tax benefit from share-based payment arrangement 35 21
Net cash provided by (used in) financing activities 310,050 (46,471)
Increase (decrease) in cash and cash equivalents 3,540 (10,603)
Cash and cash equivalents at beginning of period 20,390 29,219
Cash and cash equivalents at end of period $ 23,930 $ 18,616