|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) Attributable to Parent
|
|
($5.3m)
|
$6.8m
|
$18.4m
|
$36.5m
|
$34.9m
|
($3.0m)
|
($5.9m)
|
$23.5m
|
$24.8m
|
$20.7m
|
|
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
|
|
($5.3m)
|
$6.8m
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Depreciation, Depletion and Amortization
|
|
$13.1m
|
$13.1m
|
$13.1m
|
$11.0m
|
$10.3m
|
$11.0m
|
$11.6m
|
$13.4m
|
$13.6m
|
$23.7m
|
|
Amortization of Intangible Assets
|
|
$5.8m
|
$5.7m
|
$3.3m
|
$911k
|
$441k
|
$442k
|
$331k
|
$712k
|
$3.1m
|
$13.2m
|
|
Depreciation
|
|
$7.3m
|
$7.5m
|
$9.9m
|
$10.1m
|
$9.8m
|
$10.5m
|
$11.3m
|
$12.7m
|
$10.2m
|
$10.5m
|
|
Deferred Income Tax Expense (Benefit)
|
|
$4k
|
$189k
|
($3.7m)
|
($14.9m)
|
($15k)
|
$2.4m
|
$1.9m
|
$2.3m
|
$2.0m
|
($3.0m)
|
|
Share-based Payment Arrangement, Noncash Expense
|
|
$908k
|
$856k
|
$1.0m
|
$2.1m
|
$1.3m
|
$1.3m
|
$2.2m
|
$3.4m
|
$6.7m
|
$8.4m
|
|
Share-based Payment Arrangement, Expense
|
|
—
|
—
|
—
|
—
|
$1.3m
|
$1.3m
|
$2.2m
|
$3.4m
|
$6.7m
|
$8.4m
|
|
Gain (Loss) on Disposition of Assets
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
($2.1m)
|
$0
|
$0
|
|
Gain (Loss) on Disposition of Property Plant Equipment
|
|
$88k
|
—
|
($275k)
|
($461k)
|
($181k)
|
($651k)
|
($771k)
|
$0
|
$0
|
—
|
|
Income Tax Expense (Benefit)
|
|
$1.3m
|
($247k)
|
($1.4m)
|
($13.6m)
|
$793k
|
$3.5m
|
$13.1m
|
$4.7m
|
$4.4m
|
($1.8m)
|
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional Financial Items
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Accounts Receivable
|
|
$37.6m
|
$19.6m
|
($2.1m)
|
$1.3m
|
($19.3m)
|
$11.2m
|
$11.2m
|
($13.4m)
|
$5.4m
|
$42.4m
|
|
Increase (Decrease) in Inventories
|
|
($2.2m)
|
$10.8m
|
($5.7m)
|
$8.1m
|
$5.0m
|
($2.4m)
|
$5.4m
|
$2.4m
|
$1.9m
|
($1.5m)
|
|
Increase (Decrease) in Accounts Payable
|
|
$12.5m
|
$4.1m
|
($8.9m)
|
($3.9m)
|
($157k)
|
($711k)
|
($259k)
|
($7.6m)
|
$3.2m
|
($2.2m)
|
|
Gain (Loss) on Sale of Derivatives
|
|
($670k)
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
General and Administrative Expense
|
|
$26.5m
|
$19.9m
|
$17.0m
|
$18.6m
|
$14.1m
|
$15.6m
|
$18.9m
|
$19.2m
|
$26.9m
|
$31.3m
|
|
Goodwill
|
|
$43.5m
|
$43.5m
|
$43.5m
|
$43.5m
|
$43.5m
|
$43.5m
|
$43.5m
|
$54.7m
|
$52.5m
|
$169.5m
|
|
Inventory Write-down
|
|
$4.8m
|
$3.3m
|
$6.4m
|
$2.6m
|
$2.9m
|
$3.4m
|
$2.8m
|
$3.7m
|
$2.6m
|
$3.1m
|
|
Noncash Merger Related Costs
|
|
—
|
—
|
—
|
$118k
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Operating Expenses
|
|
$74.7m
|
$71.6m
|
$72.8m
|
$70.3m
|
$3.6m
|
$69.1m
|
$77.0m
|
$76.9m
|
$85.6m
|
$109.9m
|
|
Proceeds from Stock Options Exercised
|
|
—
|
—
|
—
|
$375k
|
—
|
—
|
—
|
$0
|
$0
|
$166k
|
|
Sales-type Lease, Selling Profit (Loss)
|
|
—
|
—
|
—
|
—
|
—
|
$2.6m
|
—
|
—
|
—
|
—
|
|
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax
|
|
($396k)
|
($1.4m)
|
$1.5m
|
($653k)
|
($169k)
|
—
|
—
|
—
|
—
|
—
|
|
Other Operating Income (Expense), Net
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$8.8m
|
$6.8m
|
$3.2m
|
|
Net Cash Provided by (Used in) Operating Activities
|
|
$10.8m
|
$20.8m
|
$32.0m
|
$34.8m
|
$43.2m
|
$18.9m
|
$10.8m
|
$31.9m
|
$31.7m
|
$20.7m
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments to Acquire Property, Plant, and Equipment
|
|
$4.3m
|
$3.7m
|
$10.8m
|
$8.0m
|
$4.7m
|
$8.9m
|
$12.8m
|
$10.7m
|
$6.6m
|
$11.5m
|
|
Payments to Acquire Businesses, Net of Cash Acquired
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$4.1m
|
$0
|
$104.9m
|
|
Net Cash Provided by (Used in) Investing Activities
|
|
($13.6m)
|
($4.0m)
|
($10.8m)
|
($8.0m)
|
($4.7m)
|
($11.1m)
|
($8.2m)
|
($12.7m)
|
($6.6m)
|
($136.4m)
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments of Long-term Debt
|
|
$4.4m
|
$4.7m
|
$4.5m
|
$4.4m
|
$4.1m
|
$4.0m
|
$0
|
$0
|
—
|
$60.0m
|
|
Proceeds from Issuance of Common Stock
|
|
$35.1m
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$164.1m
|
|
Dividends paid
|
|
—
|
—
|
—
|
$24.9m
|
$20.0m
|
$35.0m
|
$0
|
$0
|
—
|
—
|
|
Dividends Payable, Current
|
|
—
|
—
|
—
|
—
|
$35.0m
|
$0
|
—
|
—
|
—
|
—
|
|
Other Interest and Dividend Income
|
|
$81k
|
$355k
|
$29k
|
$18k
|
$272k
|
$611k
|
$18k
|
$46k
|
$117k
|
$63k
|
|
Net Cash Provided by (Used in) Financing Activities
|
|
$23.9m
|
($4.0m)
|
($2.3m)
|
($28.9m)
|
($24.1m)
|
($39.0m)
|
$0
|
($1.6m)
|
($8.1m)
|
$163.2m
|
|
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
|
|
($3.4m)
|
($4.0m)
|
($4.9m)
|
$1.5m
|
$8.9m
|
($303k)
|
$32k
|
($63k)
|
($1.5m)
|
$1.2m
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
|
|
($3.4m)
|
($4.0m)
|
($4.9m)
|
$1.5m
|
$14.0m
|
($31.5m)
|
$2.7m
|
$17.6m
|
$15.5m
|
$48.7m
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
|
|
($3.4m)
|
($4.0m)
|
$104.2m
|
$102.0m
|
$116.0m
|
$84.5m
|
$87.1m
|
$104.8m
|
$120.2m
|
$169.0m
|
|
Supplemental disclosure of cash flow information:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Paid, Excluding Capitalized Interest, Operating Activities
|
|
—
|
$906k
|
$303k
|
$509k
|
$293k
|
$98k
|
$0
|
$564k
|
$544k
|
$4.6m
|
|
Income Taxes Paid, Net
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$1.6m
|