XML 46 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES:    
Net income (loss) $ 1,357 $ (456)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 9,126 10,094
Bad debt expense 56 301
Sale leaseback deferred gain amortization (37)  
Stock compensation-net of excess tax benefits 86 228
Provision for (benefit from) deferred income taxes 778 (328)
Reclassification of other than temporary impairment in marketable equity securities   24
Recognized gain on marketable equity securities (44) (20)
Gain on sale or disposal of equipment (1,266) (142)
Changes in operating assets and liabilities:    
Accounts receivable (5,899) (8,424)
Prepaid expenses, inventories, and other assets (1,794) 2,130
Income taxes refundable 111 23
Trade accounts payable 1,295 3,966
Accrued expenses and other liabilities 1,761 2,592
Net cash provided by operating activities 5,530 9,988
INVESTING ACTIVITIES:    
Purchases of property and equipment (6,935) (23,676)
Proceeds from disposition of equipment 17,610 7,320
Change in restricted cash 209 (1,969)
Sales of marketable equity securities   13
Purchases of marketable equity securities, net of return of capital 12 (3)
Net cash provided by (used in) investing activities 10,896 (18,315)
FINANCING ACTIVITIES:    
Borrowings under line of credit 135,196 31,204
Repayments under line of credit (124,706) (25,986)
Borrowings of long-term debt 5,709 16,776
Repayments of long-term debt (19,085) (12,804)
Borrowings under margin account 21 49
Repayments under margin account (215) (205)
Repurchases of common stock (14,216) (341)
Exercise of stock options 187  
Net cash (used in) provided by financing activities (17,109) 8,693
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (683) 366
CASH AND CASH EQUIVALENTS-Beginning of period 1,172 507
CASH AND CASH EQUIVALENTS-End of period 489 873
Cash paid during the period for:    
Interest 871 831
Income taxes 10 7
NONCASH INVESTING AND FINANCING ACTIVITIES-    
Purchases of property and equipment included in accounts payable $ 1,703 $ 2,437