XML 28 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities    
Net income $ 10,474us-gaap_NetIncomeLoss $ 7,296us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 4,138us-gaap_Depreciation 4,042us-gaap_Depreciation
Amortization of intangibles 5,314us-gaap_AmortizationOfIntangibleAssets 5,471us-gaap_AmortizationOfIntangibleAssets
Deferred income taxes 1,642us-gaap_DeferredIncomeTaxExpenseBenefit 5,988us-gaap_DeferredIncomeTaxExpenseBenefit
Loss on debt extinguishment 5,286us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Stock-based compensation 2,420us-gaap_ShareBasedCompensation 1,640us-gaap_ShareBasedCompensation
Accretion of debt discount 1,185us-gaap_AmortizationOfFinancingCosts 1,195us-gaap_AmortizationOfFinancingCosts
Changes in operating assets and liabilities    
Accounts receivable (21,686)us-gaap_IncreaseDecreaseInAccountsReceivable 1,494us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (65,843)us-gaap_IncreaseDecreaseInInventories (78,742)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other 3,216us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (1,565)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued liabilities 57,625us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 8,815us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Other, net 458us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 311us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net cash provided by (used in) operating activities 4,229us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (44,055)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities    
Capital expenditures (2,975)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2,078)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (2,975)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (2,078)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities    
Proceeds from exercise of stock options 719us-gaap_ProceedsFromStockOptionsExercised 1,517us-gaap_ProceedsFromStockOptionsExercised
Borrowings under revolving credit facilities 163us-gaap_ProceedsFromLinesOfCredit 175us-gaap_ProceedsFromLinesOfCredit
Payments under revolving credit facilities (163)us-gaap_RepaymentsOfLinesOfCredit (175)us-gaap_RepaymentsOfLinesOfCredit
Principal payments under capital lease obligations (432)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations (603)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations
Proceeds from issuance of term loan credit facility 192,845us-gaap_ProceedsFromLongTermLinesOfCredit 0us-gaap_ProceedsFromLongTermLinesOfCredit
Principal payments under term loan credit facility (192,845)us-gaap_RepaymentsOfLongTermLinesOfCredit (693)us-gaap_RepaymentsOfLongTermLinesOfCredit
Principal payments under industrial revenue bond (122)us-gaap_RepaymentsOfDebt (117)us-gaap_RepaymentsOfDebt
Debt issuance costs paid (1,994)us-gaap_PaymentsOfDebtIssuanceCosts 0us-gaap_PaymentsOfDebtIssuanceCosts
Stock repurchase (19,929)us-gaap_PaymentsForRepurchaseOfEquity (1,497)us-gaap_PaymentsForRepurchaseOfEquity
Net cash used in financing activities (21,758)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (1,393)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net decrease in cash and cash equivalents (20,504)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (47,526)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 146,113us-gaap_CashAndCashEquivalentsAtCarryingValue 113,262us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period $ 125,609us-gaap_CashAndCashEquivalentsAtCarryingValue $ 65,736us-gaap_CashAndCashEquivalentsAtCarryingValue