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Consolidated Statements of Cash Flows - CAD
CAD in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating activities:    
Net income (loss) available to common shareholders CAD 5,264 CAD (445)
Adjustments to reconcile to net cash from operating activities:    
Depreciation 44,735 40,794
Amortization of intangible assets (note 10(b)) 918 1,688
Amortization of deferred financing costs (note 10(c), note 13(a) and note 20) 797 572
Loss (gain) on disposal of property, plant and equipment 189 (116)
Gain on disposal of assets held for sale (note 8) (166) (374)
Stock-based compensation expense (note 21(a)) 3,995 6,030
Cash settlement of stock-based compensation (note 21(c(i)) and 21(e)) (343) (1,211)
Other adjustments (note 10(d), note 16(b) and note 16(c)) 181 97
Non-monetary other income 0 (1,375)
Deferred income tax expense (benefit) (note 11) 1,204 (49)
Net changes in non-cash working capital (note 22(b)) (7,029) (5,780)
Total operating activities 49,745 39,831
Investing activities:    
Purchase of property, plant and equipment (53,813) (27,075)
Additions to intangible assets (note 10(b)) (66) (304)
Proceeds on disposal of property, plant and equipment 20,790 15,182
Proceeds on disposal of assets held for sale 1,640 1,681
Issuance of loan to partnership (note 10(a) and note 24) (969) 0
Investment in partnership (note 24) (1,177) 0
Total investing activities (33,595) (10,516)
Financing activities:    
Repayment of credit facilities (19,941) (5,962)
Increase in credit facilities 11,732 16,962
Issuance of Convertible Debentures (note 13(d)) 40,000 0
Financing costs (note 10(c) and note 13(e)) (2,982) (99)
Redemption of Series 1 Debentures (note 13(c)) 0 (19,927)
Repayment of capital lease obligations (29,161) (24,533)
Proceeds from options exercised (note 21(b)) 575 284
Dividend payments (note 17(d)) (2,185) (1,817)
Share purchase programs (note 17(c)) (14,970) (9,204)
Purchase of treasury shares for settlement of certain equity classified stock-based compensation (note 17(a)) (4,698) (3,704)
Total financing activities (21,630) (48,000)
Decrease in cash (5,480) (18,685)
Cash, beginning of year 13,666 32,351
Cash, end of year CAD 8,186 CAD 13,666