XML 59 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating activities    
Net income $ 14,648 $ 15,629
Adjustments to reconcile to net cash (used) provided by operations:    
Depreciation, depletion and amortization 18,615 15,358
Amortization of debt issue costs and original issue discount 328 327
Pension expense, net of unfunded benefits paid 1,179 3,577
Deferred income tax (provision) benefit (2,184) 906
Gains on dispositions of plant, equipment and timberlands, net (809) (73)
Share-based compensation 1,844 1,878
Change in operating assets and liabilities    
Accounts receivable (11,227) (19,475)
Inventories (11,679) (2,100)
Prepaid and other current assets (2,330) 8,885
Accounts payable (5,990) 2,331
Accruals and other current liabilities (11,814) (10,751)
Other (791) (697)
Net cash (used) provided by operating activities (10,210) 15,795
Investing activities    
Expenditures for purchases of plant, equipment and timberlands (14,435) (31,391)
Proceeds from disposals of plant, equipment and timberlands, net 839 73
Other   (175)
Net cash used by investing activities (13,596) (31,493)
Financing activities    
Net repayments of revolving credit facility (17,933)  
Payments of borrowing costs   (108)
Repurchases of common stock (1,251)  
Payments of dividends (4,363) (3,905)
Payments related to share-based compensation awards and other (781) (586)
Net cash used by financing activities (24,328) (4,599)
Effect of exchange rate changes on cash 37 (942)
Net decrease in cash and cash equivalents (48,097) (21,239)
Cash and cash equivalents at the beginning of period 122,882 97,679
Cash and cash equivalents at the end of period 74,785 76,440
Cash paid (received) for:    
Interest, net of amounts capitalized 1,249 145
Income taxes, net $ 5,628 $ (3,742)