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 $ 36,106 $ 25,447
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 12,429 10,660
Amortization of intangibles 16,278 7,175
Loss on debt extinguishment 1,304 0
Deferred income taxes 23,559 1,666
Stock-based compensation 5,525 3,611
Accretion of debt discount 3,455 1,865
Changes in operating assets and liabilities    
Accounts receivable (33,419) (551)
Inventories (49,173) (1,097)
Prepaid expenses and other 1,788 170
Accounts payable and accrued liabilities 33,315 (20,558)
Other, net 2,593 (855)
Net cash provided by operating activities 53,760 27,533
Cash flows from investing activities    
Capital expenditures (11,566) (9,013)
Acquisition, net of cash acquired (15,985) (364,012)
Other 2,500 0
Net cash used in investing activities (25,051) (373,025)
Cash flows from financing activities    
Proceeds from exercise of stock options 447 340
Borrowings under revolving credit facilities 910 205,786
Payments under revolving credit facilities (910) (270,786)
Principal payments under capital lease obligations (1,309) (1,388)
Proceeds from issuance of convertible senior notes 0 145,500
Proceeds from issuance of term loan credit facility, net of issuance costs 0 292,500
Principal payments under term loan credit facility (42,135) (1,500)
Principal payments under industrial revenue bond (265) 0
Debt issuance costs paid (981) (5,065)
Stock repurchase (35) (564)
Net cash (used in) provided by financing activities (44,278) 364,823
Net (decrease) increase in cash (15,569) 19,331
Cash at beginning of period 81,449 19,976
Cash at end of period $ 65,880 $ 39,307