XML 25 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income (loss) $ 12,660 $ (5,440) $ (11,075)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization of property and equipment 14,471 13,680 11,030
Amortization of intangible assets 50 185 252
Allowance on notes receivable 4,071    
Provision for doubtful accounts (501) 1,358 92
Equity in earnings of unconsolidated subsidiary, net of dividends received of $600 in 2010 394 477  
Amortization of debt issuance costs 2,042 1,418 513
Deferred income taxes 5,908 9,292 (2,394)
Loss (gain) on disposal of property and equipment 397 (667) (348)
Gain on sale of business (2,887)    
Stock-based compensation expense 1,461 797 765
Tax benefit from stock option plans 243   (53)
Unrealized loss (gain) on foreign currency forward contracts (327) (431) 1,283
Changes in operating assets and liabilities:      
Trade and other receivables (5,713) (28,818) 36,942
Costs and estimated earnings in excess of billings on uncompleted contracts, net 510 (2,886) 19,688
Inventories (29,794) (4,186) 29,084
Refundable income taxes 15,099 (8,070) (3,586)
Prepaid expenses and other (5,297) (292) (1,378)
Accounts payable (8,920) 1,160 (4,478)
Accrued and other liabilities 8,408 1,079 769
Net cash provided by (used in) operating activities 12,275 (21,344) 77,106
Cash flows from investing activities:      
Additions to property and equipment (16,333) (18,597) (21,348)
Proceeds from sale of business 13,727    
Proceeds from sale of property and equipment 96 19 98
Issuance of notes receivable   (550) (675)
Insurance proceeds   587 1,363
Restricted cash 2,640    
Other investing activities 800    
Net cash provided by (used in) investing activities 930 (18,541) (20,562)
Cash flows from financing activities:      
Proceeds from sale of common stock 147   171
Tax witholdings related to net share settlements of restricted share awards and performance shares (80) (87) (143)
Payments on long-term debt (5,714) (5,714) (5,714)
Borrowings under note payable to financial institutions 132,050 181,375 89,538
Payments on note payable to financial institutions (138,050) (132,778) (152,200)
Payments of debt issuance costs   (3,381) (186)
Borrowings from capital lease obligations 1,829 2,865 19,175
Payments on capital lease obligations (3,256) (2,375) (7,244)
Net cash (used in) provided by financing activities (13,074) 39,905 (56,603)
Change in cash and cash equivalents 131 20 (59)
Cash and cash equivalents, beginning of period 51 31 90
Cash and cash equivalents, end of period 182 51 31
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest, net of amounts capitalized 7,220 8,376 4,751
Cash refunded during the period for income taxes (net of payments of $2,292, $413 and $636) (12,960) (2,769) (162)
Non-cash investing and financing activities:      
Escrow account related to capital lease financing 897 2,726 5,591
Accrued property and equipment purchases 1,673 968 3,704
Capital lease refinancing   $ 481 $ 1,688