XML 42 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from continuing operating activities    
Net income $ 47,044 $ 55,854
Adjustments to reconcile net income to net cash provided by continuing operating activities:    
Net loss from discontinued operations 120 128
Deferred income taxes 1,793 2,216
Losses on extinguishment of debt   136
Expense associated with modification of secured term loan   387
Expense associated with induced conversion of 5.5% convertible debentures   558
Net gain on carbon credits   (92)
Losses on sales and disposals of property and equipment 667 996
Depreciation of property, plant and equipment 14,857 13,861
Amortization 250 354
Stock-based compensation 1,237 761
Provision for (recovery of) losses on accounts receivable (185) 160
Provisions for losses on inventory 337 1,351
Provision for losses on firm sales commitments 120  
Equity in earnings of affiliate (510) (375)
Distributions received from affiliate 1,285 1,223
Changes in fair value of commodities contracts (85) 482
Changes in fair value of interest rate contracts (206) 635
Cash provided (used) by changes in assets and liabilities (net of effects of discontinued operations):    
Accounts receivable (7,501) (11,777)
Inventories (6,422) (15,392)
Other supplies, prepaid items and other 4,638 (2,838)
Accounts payable 3,588 3,744
Accrued payroll and benefits (2,918) (2,020)
Accrued and prepaid income taxes 5,309 (7,538)
Customer deposits 7,735 5,395
Other current and noncurrent liabilities 2,227 4,322
Net cash provided by continuing operating activities 73,380 52,531
Cash flows from continuing investing activities    
Capital expenditures (61,613) (31,145)
Proceeds from sales of property and equipment 213 190
Proceeds from short-term investments 20,037 10,012
Purchase of short-term investments (10,032) (9)
Deposits of restricted cash (23) (481)
Proceeds from sales of carbon credits   1,665
Payments on contractual obligations - carbon credits (180) (1,573)
Other assets (398) (635)
Net cash used by continuing investing activities (51,996) (21,976)
Cash flows from continuing financing activities    
Proceeds from revolving debt facility 209,238 498,858
Payments on revolving debt facility (209,238) (498,858)
Proceeds from modification of secured term loan, net of fees   10,347
Proceeds from secured term loan, net of fees   14,766
Payments associated with induced conversion of 5.5% convertible debentures   (558)
Payments on other long-term debt (5,830) (12,001)
Payments on loans secured by cash value of life insurance policies (1,918) (84)
Payments of debt issuance costs (88) (112)
Payments on short-term financing (5,077) (3,435)
Proceeds from exercise of stock options 543 974
Excess income tax benefit associated with stock-based compensation 353 1,100
Acquisition of redeemable preferred stock (39)  
Dividends paid on preferred stocks (300) (305)
Net cash provided (used) by continuing financing activities (12,356) 10,692
Cash flows of discontinued operations:    
Operating cash flows (184) (210)
Net increase in cash and cash equivalents 8,844 41,037
Cash and cash equivalents at beginning of period 124,929 66,946
Cash and cash equivalents at end of period 133,773 107,983
Supplemental cash flow information:    
Cash payments for income taxes, net of refunds 19,596 37,757
Noncash investing and financing activities:    
Insurance claims receivable associated with property, plant and equipment 11,415  
Other assets and accounts payable associated with property, plant and equipment 9,379 4,332
Debt issuance costs incurred associated with secured term loan   839
Debt issuance costs written off associated with 5.5% debentures   350
Accrued liabilities extinguished associated with 5.5% debentures   342
5.5% debentures converted to common stock   $ 26,400