XML 29 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows From Operating Activities:    
Net income $ 16,083 $ 11,734
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,131 11,666
Provision for doubtful accounts (1,029) (429)
Amortization of debt issuance costs 476 1,119
Loss on impairment 250  
Deferred income taxes 3,603 572
Loss on disposal of property and equipment 16 455
Stock based compensation expense 2,167 2,199
Unrealized (gain) loss on foreign currency forward contracts (193) 353
Changes in operating assets and liabilities:    
Trade and other receivables, net (22,082) (657)
Costs and estimated earnings in excess of billings on uncompleted contracts, net 19,775 (18,351)
Inventories 3,901 (24,078)
Refundable income taxes (1,339) (4,982)
Prepaid expenses and other assets 1,702 4,099
Accounts payable 2,566 4,562
Deferred revenue (927) 10,129
Accrued and other liabilities (13,715) 23,808
Net cash provided by operating activities 21,385 22,199
Cash Flows From Investing Activities:    
Additions to property and equipment (22,080) (11,277)
Proceeds from the sale of property and equipment 1,695 1,054
Issuance of notes receivable (5,700) (1,000)
Other investing activities (250)  
Net cash used in investing activities (26,335) (11,223)
Cash Flows From Financing Activities:    
Proceeds from issuance of common stock 72 37
Tax withholdings related to net share settlements of restricted stock units and performance share awards (802) (212)
Payments on long-term debt (4,286) (4,286)
Borrowings under note payable to financial institution 138,971 109,300
Payments on note payable to financial institution (126,553) (113,011)
Payments on capital lease obligations (2,465) (2,557)
Payments of debt amendment costs   (401)
Net cash provided by (used in) financing activities 4,937 (11,130)
Change in cash and cash equivalents (13) (154)
Cash and cash equivalents, beginning of period 46 182
Cash and cash equivalents, end of period 33 28
Non-cash investing activity:    
Escrow account related to capital lease financing   898
Accrued property and equipment purchases 1,233 1,284
Capital lease additions   $ 142