XML 45 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income (loss) $ (47,036) $ 49,897
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Depreciation and amortization 67,789 56,333
Amortization of debt premium 0 (2,185)
Mining asset impairment 23,242 0
Mining inventory writedown 11,555 0
Deferred income tax provision (15,218) (6,860)
Convertible debt conversion charge 0 7,273
Gain on earthquake insurance recovery 0 (22,451)
Stock-based compensation 3,165 3,727
Excess tax benefit from stock options exercised 51 46
Insurance proceeds 0 35,808
Issuance of treasury stock under 401(k) plan 504 497
(Increase) decrease in assets:    
Accounts receivable 13,636 (1,022)
Inventories (6,057) (18,599)
Prepaid and other current assets 21,923 (24,687)
Other assets (3,549) 5,924
Increase (decrease) in liabilities:    
Accounts payable (5,457) 23,302
Other current liabilities 7,376 23,218
Other liabilities 5,423 1,968
Net cash provided by operating activities 77,347 132,189
Cash flows from investing activities:    
Capital expenditures (46,329) (54,956)
Acquisition of additional interest (13,395) (1,670)
Additional equity investment in Wheels India 0 (8,017)
Decrease in restricted cash deposits 14,268 0
Insurance proceeds 0 2,879
Other 4,610 1,342
Net cash used for investing activities (40,846) (60,422)
Cash flows from financing activities:    
Proceeds from borrowings 0 345,313
Payment on debt (60,359) (162,040)
Term loan borrowing 14,914 25,880
Convertible note conversion 0 (14,090)
Proceeds from exercise of stock options 141 863
Excess tax benefit from stock options exercised (51) (46)
Payment of financing fees (33) (5,520)
Dividends paid (804) (778)
Net cash provided by (used for) financing activities (46,192) 189,582
Effect of exchange rate changes on cash 602 (3,007)
Net increase (decrease) in cash and cash equivalents (9,089) 258,342
Cash and cash equivalents, beginning of period 189,360 189,114
Cash and cash equivalents, end of period 180,271 447,456
Supplemental Cash Flow Information [Abstract]    
Interest paid 19,280 18,484
Income taxes paid 7,992 56,523
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]    
Issuance of common stock for convertible debt payment $ 0 $ 45,903