XML 54 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from (used for) operating activities:    
Net income $ 10,756 $ 18,269
Adjustments to reconcile net income to net cash used for operating activities -    
Depreciation and amortization 10,753 7,132
Loss on disposition of property and equipment 174 39
Stock-based compensation 1,436 404
Other long-term assets (2,032) (209)
Other long-term liabilities 1,255 3,512
22,342 29,147
Changes in working capital:    
Accounts receivable (36,274) (57,629)
Inventories (34,510) (6,972)
Income taxes receivable and deferred 844 3,911
Prepaid expenses and other 2,758 (967)
Accounts payable 8,628 15,530
Change in outstanding checks 3,629 4,277
Accrued payroll and other accrued liabilities 782 (4,777)
(54,143) (46,627)
Net cash used for operating activities (31,801) (17,480)
Cash flows from (used for) investing activities:    
Capital expenditures (15,683) (16,416)
Proceeds from disposition of property and equipment 2 12
Net cash used for investing activities (15,681) (16,404)
Cash flows from (used for) financing activities:    
Credit facility revolver borrowings 303,470 231,475
Credit facility revolver repayments (253,960) (195,520)
Principal payments under capital lease obligations (90)  
Term loan repayments (4,375)  
Industrial revenue bond repayments (755)  
Credit facility fees and expenses (1,203) (760)
Proceeds from exercise of stock options (including tax benefits) and employee stock purchases 244 20
Dividends paid (436) (436)
Net cash from financing activities 42,895 34,779
Cash and cash equivalents:    
Net change (4,587) 895
Beginning balance 7,403 1,492
Ending balance $ 2,816 $ 2,387