XML 17 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
OPERATING ACTIVITIES:    
Net income (loss) $ 674 $ (1,978)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 9,247 8,032
Bad debt expense (recovery) 153 (20)
Stock compensation-net of excess tax benefits 99 116
Provision for (benefit from) deferred income taxes 411 (1,199)
Recognized gain on sale of marketable equity securities (315) (780)
Loss on sale or disposal of equipment 36 25
Changes in operating assets and liabilities:    
Accounts receivable (11,241) (6,326)
Prepaid expenses, inventories, and other assets 695 1,020
Income taxes refundable 29 2,098
Trade accounts payable 2,013 4,287
Accrued expenses and other liabilities 1,726 2,347
Net cash provided by operating activities 3,527 7,622
INVESTING ACTIVITIES:    
Purchases of property and equipment (22,336) (2,712)
Proceeds from disposition of equipment 4,657 408
Changes in restricted cash 1,716 (3)
Sales of marketable equity securities 526 966
Purchases of marketable equity securities, net of return of capital 46 (545)
Net cash used in investing activities (15,391) (1,886)
FINANCING ACTIVITIES:    
Borrowings under line of credit 104,347 81,924
Repayments under line of credit (101,729) (81,924)
Borrowings of long-term debt 18,795 0
Repayments of long-term debt (9,691) (3,384)
Borrowings under margin account 734 0
Repayments under margin account (562) 0
Repurchases of common stock 0 (992)
Exercise of stock options 55 8
Net cash provided by (used in) financing activities 11,949 (4,368)
NET INCREASE IN CASH AND CASH EQUIVALENTS 85 1,368
CASH AND CASH EQUIVALENTS-Beginning of period 180 13,774
CASH AND CASH EQUIVALENTS-End of period 265 15,142
Cash paid during the period for:    
Interest 567 514
Income taxes 5 3
NONCASH INVESTING AND FINANCING ACTIVITIES-    
Purchases of property and equipment included in accounts payable 2,226 18
Common stock dividends declared included in accrued expenses and other liabilities $ 8,702 $ 0