XML 23 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net (loss) income $ (6,404) $ 638
Adjustments to reconcile net (loss) income to net cash flows (used in) provided by operating activities:    
Net proceeds from Shoals transaction 2,655  
Depreciation and amortization 2,550 2,337
Recognition of deferred income from state and local incentives (555) (555)
Gain on sale of railcars available for lease 38  
Deferred income taxes (1,992) 408
Stock-based compensation recognized 836 214
Other non-cash items, net 235 84
Changes in operating assets and liabilities:    
Accounts receivable (5,330) 1,630
Inventories 1,930 20,101
Inventory on lease (9,186) (8,391)
Other assets (3,323) (1,481)
Accounts and contractual payables 2,284 (1,170)
Accrued payroll and employee benefits 338 1,098
Income taxes receivable/payable 650 48
Accrued warranty 979 267
Other liabilities 1,223 547
Accrued pension costs and accrued postretirement benefits (418) 185
Net cash flows (used in) provided by operating activities (13,490) 15,960
Cash flows from investing activities    
Purchase of restricted certificates of deposit (1,040) (4,668)
Maturity of restricted certificates of deposit 1,308 1,558
Purchase of securities held to maturity (41,244) (10,995)
Proceeds from maturity of securities 32,005  
Purchase of property, plant and equipment (182) (296)
Proceeds from sale of property, plant and equipment and railcars available for lease 228 119
State and local incentives received   1,410
Net cash flows used in investing activities (8,925) (12,872)
Cash flows from financing activities    
Employee stock settlement (118) (14)
Cash dividends paid to stockholders   (1,117)
Net cash flows used in financing activities (118) (1,131)
Net (decrease) increase in cash and cash equivalents (22,533) 1,957
Cash, cash equivalents and restricted cash equivalents at beginning of period 87,788 96,110
Cash, cash equivalents and restricted cash equivalents at end of period 65,255 98,067
Supplemental cash flow information    
Interest paid 18 $ 23
Income tax refunds received $ 487