XML 59 R5.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from (used for) operating activities:    
Net income $ 4,746 $ 35,076
Adjustments to reconcile net income to net cash from (used for) operating activities -    
Depreciation and amortization 14,597 13,199
(Gain) loss on disposition of property and equipment (195) 29
Stock-based compensation 1,898 1,348
Other long-term assets (3,154) (825)
Other long-term liabilities 1,602 3,176
19,494 52,003
Changes in working capital:    
Accounts receivable 7,676 (74,076)
Inventories 86,221 (76,122)
Prepaid expenses and other 3,213 4,176
Accounts payable (12,160) 36,926
Change in outstanding checks 5,403 (10,039)
Accrued payroll and other accrued liabilities (10,492) 3,995
79,861 (115,140)
Net cash from (used for) operating activities 99,355 (63,137)
Cash flows from (used for) investing activities:    
Acquisition (11,133) (21,907)
Capital expenditures (7,479) (20,366)
Proceeds from disposition of property and equipment 234 80
Net cash used for investing activities (18,378) (42,193)
Cash flows from (used for) financing activities:    
Credit facility revolver borrowings 433,742 428,782
Credit facility revolver repayments (513,269) (320,534)
Industrial revenue bond repayments (930)
Credit facility fees and expenses (100) (70)
Repurchase of common stock (1,522)
Dividends paid (659) (660)
Net cash from (used for) financing activities (81,808) 106,588
Cash and cash equivalents:    
Net change (831) 1,258
Beginning balance 9,319 3,009
Ending balance 8,488 4,267
Interest paid 8,849 7,171
Income taxes paid $ 351 $ 8,216