XML 34 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows From Operating Activities:    
Net income (loss) $ 11,193 $ (2,784)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 10,703 10,221
Amortization of intangible assets 50 156
Allowance on notes receivable 4,071  
Provision for doubtful accounts (33) (124)
Equity in earnings of unconsolidated subsidiary, net of dividends received 394 192
Amortization of debt issuance costs 1,532 905
Deferred income taxes 1,041 4,151
Loss on disposal of property and equipment 180 228
Gain on sale of business (2,887)  
Stock based compensation expense 519 594
Tax benefit from stock option plans   31
Unrealized gain on foreign currency forward contracts (804) (687)
Changes in operating assets and liabilities:    
Trade and other receivables, net (21,468) (36,866)
Costs and estimated earnings in excess of billings on uncompleted contracts, net (5,801) (8,482)
Inventories (14,549) (6,419)
Refundable income taxes 15,099 (3,255)
Prepaid expenses and other assets 1,087 1,616
Accounts payable (1,333) 3,308
Accrued and other liabilities 10,508 2,341
Net cash provided by (used in) operating activities 9,502 (34,874)
Cash Flows From Investing Activities:    
Additions to property and equipment (11,496) (15,537)
Proceeds from sale of business 13,727  
Proceeds from the sale of property and equipment 96 18
Issuance of notes receivable   (450)
Insurance proceeds   321
Other investing activities 800  
Net cash provided by (used in) investing activities 3,127 (15,648)
Cash Flows From Financing Activities:    
Proceeds from issuance of common stock 146  
Tax withholdings related to net share settlements of restricted stock awards and performance shares (51) (87)
Payments on long-term debt (4,286) (4,286)
Borrowings under note payable to financial institution 109,050 159,977
Payments on note payable to financial institution (115,050) (102,867)
Borrowings from capital lease obligations   2,865
Payments on capital lease obligations (2,417) (1,759)
Payments of debt amendment costs   (3,315)
Net cash provided by (used in) financing activities (12,608) 50,528
Change in cash and cash equivalents 21 6
Cash and cash equivalents, beginning of period 51 31
Cash and cash equivalents, end of period 72 37
Non-cash investing activity:    
Escrow account related to capital lease financing 2,726 2,726
Accrued property and equipment purchases $ 1,834 $ 1,725