Supplemental Guarantor Information (Tables) | 9 Months Ended |
Sep. 30, 2013 |
Consolidating Financials [Abstract] | ' |
Schedule of Condensed Balance Sheet [Table Text Block] | ' |
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| | | | | | | | | | | | | | | | | | | | |
CONDENSED CONSOLIDATING BALANCE SHEETS |
As of December 31, 2012 |
(in thousands) |
| | | | | | | | | | |
| | | | | | | | Consolidating | | |
| | | | | | Non- | | Entries and | | |
| | Parent | | Guarantors | | Guarantors | | Eliminations | | Consolidated |
ASSETS | | | | | | | | | | |
Current Assets: | | | | | | | | | | |
Cash and cash equivalents | | $ | — | | | $ | 4,425 | | | $ | 12,892 | | | $ | — | | | $ | 17,317 | |
|
Accounts receivable - affiliates | | 26,399 | | | 38,116 | | | 29,177 | | | (93,692 | ) | | — | |
|
Accounts receivable - trade | | — | | | 78,053 | | | 158,376 | | | — | | | 236,429 | |
|
Inventories | | — | | | 159,217 | | | 353,848 | | | — | | | 513,065 | |
|
Prepaid and other current assets | | — | | | 13,681 | | | 42,509 | | | — | | | 56,190 | |
|
Total current assets | | 26,399 | | | 293,492 | | | 596,802 | | | (93,692 | ) | | 823,001 | |
|
| | | | | | | | | | |
Investment in affiliates | | 1,728,316 | | | 868,063 | | | — | | | (2,596,379 | ) | | — | |
|
Property, plant and equipment | | — | | | 523,818 | | | 310,089 | | | — | | | 833,907 | |
|
Deferred income taxes | | — | | | — | | | 6,157 | | | — | | | 6,157 | |
|
Goodwill | | — | | | 293,162 | | | 205,099 | | | — | | | 498,261 | |
|
Notes receivable - affiliate | | 66,869 | | | 22,413 | | | — | | | (89,282 | ) | | — | |
|
Other assets | | 5,218 | | | 65,269 | | | 66,102 | | | — | | | 136,589 | |
|
Total Assets | | $ | 1,826,802 | | | $ | 2,066,217 | | | $ | 1,184,249 | | | $ | (2,779,353 | ) | | $ | 2,297,915 | |
|
| | | | | | | | | | |
LIABILITIES AND | | | | | | | | | | |
STOCKHOLDERS' EQUITY |
Current Liabilities: | | | | | | | | | | |
Accounts payable - affiliate | | $ | — | | | $ | 55,349 | | | $ | 38,343 | | | $ | (93,692 | ) | | $ | — | |
|
Accounts payable - trade | | 273 | | | 33,126 | | | 94,721 | | | — | | | 128,120 | |
|
Short-term debt | | — | | | 171 | | | 8,255 | | | — | | | 8,426 | |
|
Accrued income and other taxes | | 597 | | | 3,948 | | | 26,378 | | | — | | | 30,923 | |
|
Supply chain financing liability | | — | | | — | | | 26,962 | | | — | | | 26,962 | |
|
Other accrued liabilities | | 2,178 | | | 15,597 | | | 33,178 | | | — | | | 50,953 | |
|
Total current liabilities | | 3,048 | | | 108,191 | | | 227,837 | | | (93,692 | ) | | 245,384 | |
|
| | | | | | | | | | |
Long-term debt - affiliate | | — | | | 66,869 | | | 22,413 | | | (89,282 | ) | | — | |
|
Long-term debt - third party | | 464,183 | | | 70,190 | | | 1,336 | | | — | | | 535,709 | |
|
Other long-term obligations | | — | | | 86,026 | | | 38,979 | | | — | | | 125,005 | |
|
Deferred income taxes | | 9,720 | | | 6,625 | | | 25,621 | | | — | | | 41,966 | |
|
Stockholders' equity | | 1,349,851 | | | 1,728,316 | | | 868,063 | | | (2,596,379 | ) | | 1,349,851 | |
|
Total Liabilities and Stockholders' Equity | | $ | 1,826,802 | | | $ | 2,066,217 | | | $ | 1,184,249 | | | $ | (2,779,353 | ) | | $ | 2,297,915 | |
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CONDENSED CONSOLIDATING BALANCE SHEETS |
As of September 30,2013 |
(in thousands) |
| | | | | | | | | | |
| | | | | | | | Consolidating | | |
| | | | | | Non- | | Entries and | | |
| | Parent | | Guarantors | | Guarantors | | Eliminations | | Consolidated |
ASSETS | | | | | | | | | | |
Current Assets: | | | | | | | | | | |
Cash and cash equivalents | | $ | — | | | $ | 4,184 | | | $ | 7,286 | | | $ | — | | | $ | 11,470 | |
|
Accounts receivable - affiliates | | 43,145 | | | 33,813 | | | 22,225 | | | (99,183 | ) | | — | |
|
Accounts receivable - trade | | — | | | 63,726 | | | 141,701 | | | — | | | 205,427 | |
|
Inventories | | — | | | 164,058 | | | 354,953 | | | — | | | 519,011 | |
|
Prepaid and other current assets | | — | | | 29,226 | | | 40,210 | | | — | | | 69,436 | |
|
Total current assets | | 43,145 | | | 295,007 | | | 566,375 | | | (99,183 | ) | | 805,344 | |
|
| | | | | | | | | | |
Investment in affiliates | | 1,734,786 | | | 864,370 | | | — | | | (2,599,156 | ) | | — | |
|
Property, plant and equipment | | — | | | 533,083 | | | 313,118 | | | — | | | 846,201 | |
|
Deferred income taxes | | — | | | — | | | 7,463 | | | — | | | 7,463 | |
|
Goodwill | | — | | | 293,163 | | | 203,910 | | | — | | | 497,073 | |
|
Notes receivable - affiliate | | 59,853 | | | 22,413 | | | — | | | (82,266 | ) | | — | |
|
Other assets | | 4,921 | | | 56,162 | | | 58,457 | | | — | | | 119,540 | |
|
Total Assets | | $ | 1,842,705 | | | $ | 2,064,198 | | | $ | 1,149,323 | | | $ | (2,780,605 | ) | | $ | 2,275,621 | |
|
| | | | | | | | | | |
LIABILITIES AND | | | | | | | | | | |
STOCKHOLDERS' EQUITY |
Current Liabilities: | | | | | | | | | | |
Accounts payable - affiliate | | $ | 19 | | | $ | 65,349 | | | $ | 33,815 | | | $ | (99,183 | ) | | $ | — | |
|
Accounts payable - trade | | 35 | | | 40,321 | | | 63,163 | | | — | | | 103,519 | |
|
Short-term debt | | — | | | 174 | | | 4,170 | | | — | | | 4,344 | |
|
Accrued income and other taxes | | 4,235 | | | 2,781 | | | 20,798 | | | — | | | 27,814 | |
|
Rationalizations | | — | | | 1,951 | | | 12,178 | | | — | | | 14,129 | |
|
Supply chain financing liability | | — | | | — | | | 12,540 | | | — | | | 12,540 | |
|
Other accrued liabilities | | 7,225 | | | 14,432 | | | 31,296 | | | — | | | 52,953 | |
|
Total current liabilities | | 11,514 | | | 125,008 | | | 177,960 | | | (99,183 | ) | | 215,299 | |
|
| | | | | | | | | | |
Long-term debt - affiliate | | — | | | 59,853 | | | 22,413 | | | (82,266 | ) | | — | |
|
Long-term debt - third party | | 472,729 | | | 63,558 | | | 23,356 | | | — | | | 559,643 | |
|
Other long-term obligations | | — | | | 80,316 | | | 37,531 | | | — | | | 117,847 | |
|
Deferred income taxes | | 9,720 | | | 677 | | | 23,693 | | | — | | | 34,090 | |
|
Stockholders' equity | | 1,348,742 | | | 1,734,786 | | | 864,370 | | | (2,599,156 | ) | | 1,348,742 | |
|
Total Liabilities and Stockholders' Equity | | $ | 1,842,705 | | | $ | 2,064,198 | | | $ | 1,149,323 | | | $ | (2,780,605 | ) | | $ | 2,275,621 | |
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Schedule of Condensed Income Statement [Table Text Block] | ' |
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CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME |
For the three months ended September 30, 2012 |
(in thousands) |
| | | | | | | | | | |
| | | | | | | | Consolidating | | |
| | | | | | Non- | | Entries and | | |
| | Parent | | Guarantors | | Guarantors | | Eliminations | | Consolidated |
| | | | | | | | | | |
Sales - affiliates | | $ | — | | | $ | 41,160 | | | $ | 53,579 | | | $ | (94,739 | ) | | $ | — | |
|
Sales - third party | | — | | | 140,927 | | | 179,789 | | | — | | | 320,716 | |
|
Net sales | | — | | | 182,087 | | | 233,368 | | | (94,739 | ) | | 320,716 | |
|
Cost of sales | | — | | | 151,181 | | | 184,288 | | | (94,739 | ) | | 240,730 | |
|
Gross profit | | — | | | 30,906 | | | 49,080 | | | — | | | 79,986 | |
|
Research and development | | — | | | 2,778 | | | — | | | — | | | 2,778 | |
|
Selling and administrative expenses | | — | | | 13,994 | | | 19,651 | | | — | | | 33,645 | |
|
Operating income | | — | | | 14,134 | | | 29,429 | | | — | | | 43,563 | |
|
| | | | | | | | | | |
Other expense (income), net | | — | | | 480 | | | 1,173 | | | — | | | 1,653 | |
|
Interest expense - affiliate | | 1,330 | | | — | | | 192 | | | (1,522 | ) | | — | |
|
Interest expense - third party | | 2,707 | | | 2,468 | | | 664 | | | — | | | 5,839 | |
|
Interest income - affiliate | | — | | | (1,522 | ) | | — | | | 1,522 | | | — | |
|
Interest income - third party | | — | | | — | | | (33 | ) | | — | | | (33 | ) |
|
(Loss) income before income taxes | | (4,037 | ) | | 12,708 | | | 27,433 | | | — | | ` | 36,104 | |
|
| | | | | | | | | | |
(Benefit) provision for income taxes | | (1,464 | ) | | 3,011 | | | 4,931 | | | — | | | 6,478 | |
|
Equity in earnings of subsidiary | | 32,199 | | | 22,502 | | | — | | | (54,701 | ) | | — | |
|
Net income | | $ | 29,626 | | | $ | 32,199 | | | $ | 22,502 | | | $ | (54,701 | ) | | $ | 29,626 | |
|
| | | | | | | | | | |
Statements of | | | | | | | | | | |
Comprehensive Income |
| | | | | | | | | | |
Net income | | $ | 29,626 | | | $ | 32,199 | | | $ | 22,502 | | | $ | (54,701 | ) | | $ | 29,626 | |
|
Other comprehensive income: | | | | | | | | | | |
Foreign currency translation | | 712 | | | — | | | 712 | | | (712 | ) | | 712 | |
|
Commodities and foreign | | (3,952 | ) | | (1,064 | ) | | (2,888 | ) | | 3,952 | | | (3,952 | ) |
currency derivatives |
Other comprehensive (loss) income | | (3,240 | ) | | (1,064 | ) | | (2,176 | ) | | 3,240 | | | (3,240 | ) |
|
Comprehensive income (loss) | | $ | 26,386 | | | $ | 31,135 | | | $ | 20,326 | | | $ | (51,461 | ) | | $ | 26,386 | |
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CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME |
For the three months ended September 30, 2013 |
(in thousands) |
| | | | | | | | | | |
| | | | | | | | Consolidating | | |
| | | | | | Non- | | Entries and | | |
| | Parent | | Guarantors | | Guarantors | | Eliminations | | Consolidated |
| | | | | | | | | | |
Sales - affiliates | | $ | — | | | $ | 57,727 | | | $ | 39,196 | | | $ | (96,923 | ) | | $ | — | |
|
Sales - third party | | — | | | 122,360 | | | 180,724 | | | — | | | 303,084 | |
|
Net sales | | — | | | 180,087 | | | 219,920 | | | (96,923 | ) | | 303,084 | |
|
Cost of sales | | — | | | 155,803 | | | 207,560 | | | (96,923 | ) | | 266,440 | |
|
Gross profit | | — | | | 24,284 | | | 12,360 | | | — | | | 36,644 | |
|
Research and development | | — | | | 2,994 | | | — | | | — | | | 2,994 | |
|
Selling and administrative expenses | | — | | | 9,751 | | | 17,875 | | | — | | | 27,626 | |
|
Rationalizations | | — | | | 2,424 | | | 12,169 | | | — | | | 14,593 | |
|
Operating income | | — | | | 9,115 | | | (17,684 | ) | | — | | | (8,569 | ) |
|
| | | | | | | | | | |
Other expense, net | | — | | | (1,476 | ) | | 704 | | | — | | | (772 | ) |
|
Interest expense - affiliate | | — | | | 279 | | | 190 | | | (469 | ) | | — | |
|
Interest expense - third party | | 7,849 | | | 779 | | | 470 | | | — | | | 9,098 | |
|
Interest income - affiliate | | (272 | ) | | (189 | ) | | (8 | ) | | 469 | | | — | |
|
Interest income - third party | | — | | | — | | | (49 | ) | | — | | | (49 | ) |
|
(Loss) income before income taxes | | (7,577 | ) | | 9,722 | | | (18,991 | ) | | — | | ` | (16,846 | ) |
|
| | | | | | | | | | |
Provision (benefit) for income taxes | | (2,743 | ) | | 1,904 | | | (8,377 | ) | | — | | | (9,216 | ) |
|
Equity in earnings of subsidiary | | (2,796 | ) | | (10,614 | ) | | — | | | 13,410 | | | — | |
|
Net income (loss) | | $ | (7,630 | ) | | $ | (2,796 | ) | | $ | (10,614 | ) | | $ | 13,410 | | | $ | (7,630 | ) |
|
| | | | | | | | | | |
Statements of | | | | | | | | | | |
Comprehensive Income |
| | | | | | | | | | |
Net income (loss) | | $ | (7,630 | ) | | $ | (2,796 | ) | | $ | (10,614 | ) | | $ | 13,410 | | | $ | (7,630 | ) |
|
Other comprehensive income: | | | | | | | | | | |
Foreign currency translation | | 5,230 | | | — | | | 5,230 | | | (5,230 | ) | | 5,230 | |
|
Commodities and foreign | | 476 | | | 1,814 | | | (1,338 | ) | | (476 | ) | | 476 | |
currency derivatives |
Other comprehensive income (loss) | | 5,706 | | | 1,814 | | | 3,892 | | | (5,706 | ) | | 5,706 | |
|
Comprehensive income (loss) | | $ | (1,924 | ) | | $ | (982 | ) | | $ | (6,722 | ) | | $ | 7,704 | | | $ | (1,924 | ) |
|
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CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME |
For the nine months ended September 30, 2012 |
(in thousands) |
| | | | | | | | | | |
| | | | | | | | Consolidating | | |
| | | | | | Non- | | Entries and | | |
| | Parent | | Guarantors | | Guarantors | | Eliminations | | Consolidated |
| | | | | | | | | | |
Sales - affiliates | | $ | — | | | $ | 140,247 | | | $ | 158,843 | | | $ | (299,090 | ) | | $ | — | |
|
Sales - third party | | — | | | 407,108 | | | 470,157 | | | — | | | 877,265 | |
|
Net sales | | — | | | 547,355 | | | 629,000 | | | (299,090 | ) | | 877,265 | |
|
Cost of sales | | — | | | 459,963 | | | 485,098 | | | (299,090 | ) | | 645,971 | |
|
Gross profit | | — | | | 87,392 | | | 143,902 | | | — | | | 231,294 | |
|
Research and development | | — | | | 9,919 | | | — | | | — | | | 9,919 | |
|
Selling and administrative expenses | | — | | | 46,992 | | | 60,236 | | | — | | | 107,228 | |
|
Operating income | | — | | | 30,481 | | | 83,666 | | | — | | | 114,147 | |
|
| | | | | | | | | | |
Other (income) expense, net | | — | | | (2,002 | ) | | 626 | | | — | | | (1,376 | ) |
|
Interest expense - affiliate | | 3,094 | | | — | | | 394 | | | (3,488 | ) | | — | |
|
Interest expense - third party | | 7,987 | | | 6,154 | | | 1,592 | | | — | | | 15,733 | |
|
Interest income - affiliate | | — | | | (3,488 | ) | | — | | | 3,488 | | | — | |
|
Interest income - third party | | — | | | — | | | (178 | ) | | — | | | (178 | ) |
|
(Loss) income before income taxes | | (11,081 | ) | | 29,817 | | | 81,232 | | | — | | ` | 99,968 | |
|
| | | | | | | | | | |
(Benefit) provision for income taxes | | (4,022 | ) | | 1,492 | | | 13,496 | | | — | | | 10,966 | |
|
Equity in earnings of subsidiary | | 96,062 | | | 67,736 | | | — | | | (163,798 | ) | | — | |
|
Net income | | $ | 89,003 | | | $ | 96,061 | | | $ | 67,736 | | | $ | (163,798 | ) | | $ | 89,002 | |
|
| | | | | | | | | | |
Statements of | | | | | | | | | | |
Comprehensive Income |
| | | | | | | | | | |
Net income | | $ | 89,003 | | | $ | 96,061 | | | $ | 67,736 | | | $ | (163,798 | ) | | $ | 89,002 | |
|
Other comprehensive income: | | | | | | | | | | |
Foreign currency translation | | (11,963 | ) | | — | | | (11,963 | ) | | 11,963 | | | (11,963 | ) |
|
Commodities and foreign | | (8,758 | ) | | (5,878 | ) | | (2,880 | ) | | 8,758 | | | (8,758 | ) |
currency derivatives |
Other comprehensive (loss) income | | (20,721 | ) | | (5,878 | ) | | (14,843 | ) | | 20,721 | | | (20,721 | ) |
|
Comprehensive income (loss) | | $ | 68,282 | | | $ | 90,183 | | | $ | 52,893 | | | $ | (143,077 | ) | | $ | 68,281 | |
|
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|
| | | | | | | | | | | | | | | | | | | | |
CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME |
For the nine months ended September 30, 2013 |
(in thousands) |
| | | | | | | | | | |
| | | | | | | | Consolidating | | |
| | | | | | Non- | | Entries and | | |
| | Parent | | Guarantors | | Guarantors | | Eliminations | | Consolidated |
| | | | | | | | | | |
Sales - affiliates | | $ | — | | | $ | 155,673 | | | $ | 111,835 | | | $ | (267,508 | ) | | $ | — | |
|
Sales - third party | | — | | | 348,148 | | | 510,024 | | | — | | | 858,172 | |
|
Net sales | | — | | | 503,821 | | | 621,859 | | | (267,508 | ) | | 858,172 | |
|
Cost of sales | | — | | | 431,146 | | | 560,419 | | | (267,508 | ) | | 724,057 | |
|
Gross profit | | — | | | 72,675 | | | 61,440 | | | — | | | 134,115 | |
|
Research and development | | — | | | 8,874 | | | — | | | — | | | 8,874 | |
|
Selling and administrative expenses | | — | | | 32,833 | | | 54,667 | | | — | | | 87,500 | |
|
Rationalizations | | — | | | 2,424 | | | 12,169 | | | — | | | 14,593 | |
|
Operating income | | — | | | 28,544 | | | (5,396 | ) | | — | | | 23,148 | |
|
| | | | | | | | | | |
Other (income) expense, net | | — | | | (762 | ) | | 1,515 | | | — | | | 753 | |
|
Interest expense - affiliate | | — | | | 1,112 | | | 566 | | | (1,678 | ) | | — | |
|
Interest expense - third party | | 23,393 | | | 2,374 | | | 1,286 | | | — | | | 27,053 | |
|
Interest income - affiliate | | (982 | ) | | (565 | ) | | (131 | ) | | 1,678 | | | — | |
|
Interest income - third party | | — | | | — | | | (162 | ) | | — | | | (162 | ) |
|
(Loss) income before income taxes | | (22,411 | ) | | 26,385 | | | (8,470 | ) | | — | | ` | (4,496 | ) |
|
| | | | | | | | | | |
(Benefit) provision for income taxes | | (8,113 | ) | | 6,922 | | | (4,267 | ) | | — | | | (5,458 | ) |
|
Equity in earnings of subsidiary | | 15,260 | | | (4,203 | ) | | — | | | (11,057 | ) | | — | |
|
Net income | | $ | 962 | | | $ | 15,260 | | | $ | (4,203 | ) | | $ | (11,057 | ) | | $ | 962 | |
|
| | | | | | | | | | |
Statements of | | | | | | | | | | |
Comprehensive Income |
| | | | | | | | | | |
Net income | | $ | 962 | | | $ | 15,260 | | | $ | (4,203 | ) | | $ | (11,057 | ) | | $ | 962 | |
|
Other comprehensive income: | | | | | | | | | | |
Foreign currency translation | | (11,902 | ) | | — | | | (11,902 | ) | | 11,902 | | | (11,902 | ) |
|
Commodities and foreign | | 683 | | | 997 | | | (314 | ) | | (683 | ) | | 683 | |
currency derivatives |
Other comprehensive (loss) income | | (11,219 | ) | | 997 | | | (12,216 | ) | | 11,219 | | | (11,219 | ) |
|
Comprehensive (loss) income | | $ | (10,257 | ) | | $ | 16,257 | | | $ | (16,419 | ) | | $ | 162 | | | $ | (10,257 | ) |
|
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Schedule of Condensed Cash Flow Statement [Table Text Block] | ' |
| |
| | | | | | | | | | | | | | | | | | | | |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS | |
For the nine months ended September 30, 2012 | |
(in thousands) | |
| | | | | | | Consolidating | | | |
| | | | | Non- | | Entries and | | | |
| Parent | | Guarantors | | Guarantors | | Eliminations | | Consolidated | |
Net cash provided by (used in) | $ | 19,596 | | | $ | 5,567 | | | $ | (11,557 | ) | | $ | — | | | $ | 13,606 | | |
operating activities: | |
| | | | | | | | | | |
Cash flow from investing activities: | | | | | | | | | | |
(Loans to) repayments from affiliates | — | | | (93,142 | ) | | — | | | 93,142 | | | — | | |
|
Capital expenditures | — | | | (66,195 | ) | | (26,632 | ) | | — | | | (92,827 | ) | |
|
Proceeds from derivative instruments | — | | | 3,344 | | | 3,463 | | | — | | | 6,807 | | |
|
Other | — | | | 8 | | | 113 | | | — | | | 121 | | |
|
Net cash (used in) provided by | — | | | (155,985 | ) | | (23,056 | ) | | 93,142 | | | (85,899 | ) | |
investing activities | |
| | | | | | | | | | |
Cash flow from financing activities: | | | | | | | | | | |
Loans from (repayments to) affiliates | 82,471 | | | — | | | 10,671 | | | (93,142 | ) | | — | | |
|
Short-term debt borrowings | — | | | (7,494 | ) | | (6,495 | ) | | — | | | (13,989 | ) | |
|
Revolving Facility borrowings | — | | | 220,000 | | | 123,000 | | | — | | | 343,000 | | |
|
Revolving Facility reductions | — | | | (60,000 | ) | | (85,000 | ) | | — | | | (145,000 | ) | |
|
Principal payments on long term debt | — | | | (128 | ) | | (54 | ) | | — | | | (182 | ) | |
|
Supply chain financing | — | | | — | | | (3,719 | ) | | — | | | (3,719 | ) | |
|
Proceeds from exercise of stock options | 92 | | | — | | | — | | | — | | | 92 | | |
|
Purchase of treasury shares | (103,056 | ) | | — | | | — | | | — | | | (103,056 | ) | |
|
Other | 531 | | | (430 | ) | | (643 | ) | | — | | | (542 | ) | |
|
Net cash (used in) provided by | (19,962 | ) | | 151,948 | | | 37,760 | | | (93,142 | ) | | 76,604 | | |
financing activities | |
| | | | | | | | | | |
Net (decrease) increase in cash | (366 | ) | | 1,530 | | | 3,147 | | | — | | | 4,311 | | |
and cash equivalents | |
Effect of exchange rate changes | — | | | — | | | (547 | ) | | — | | | (547 | ) | |
on cash and cash equivalents | |
Cash and cash equivalents at | 366 | | | 3,503 | | | 8,560 | | | — | | | 12,429 | | |
beginning of period | |
Cash and cash equivalents | $ | — | | | $ | 5,033 | | | $ | 11,160 | | | $ | — | | | $ | 16,193 | | |
at end of period | |
| |
| | | | | | | | | | | | | | | | | | | | |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS | |
For the nine months ended September 30, 2013 | |
(in thousands) | |
| | | | | | | Consolidating | | | |
| | | | | Non- | | Entries and | | | |
| Parent | | Guarantors | | Guarantors | | Eliminations | | Consolidated | |
Net cash provided by (used in) | $ | (5,857 | ) | | $ | 50,244 | | | $ | 20,791 | | | $ | — | | | $ | 65,178 | | |
operating activities: | |
| | | | | | | | | | |
Cash flow from investing activities: | | | | | | | | | | |
Loan repayments from affiliates | 7,015 | | | — | | | — | | | (7,015 | ) | | — | | |
|
Capital expenditures | — | | | (37,081 | ) | | (25,617 | ) | | — | | | (62,698 | ) | |
|
(Payments on) proceeds from derivatives | — | | | (22 | ) | | 874 | | | — | | | 852 | | |
|
Other | — | | | 280 | | | 2,053 | | | — | | | 2,333 | | |
|
Net cash provided by (used in) | 7,015 | | | (36,823 | ) | | (22,690 | ) | | (7,015 | ) | | (59,513 | ) | |
investing activities | |
| | | | | | | | | | |
Cash flow from financing activities: | | | | | | | | | | |
Loans repayments to affiliates | — | | | (7,015 | ) | | — | | | 7,015 | | | — | | |
|
Short-term debt borrowings | — | | | — | | | (4,082 | ) | | — | | | (4,082 | ) | |
|
Revolving Facility borrowings | — | | | 67,000 | | | 67,000 | | | — | | | 134,000 | | |
|
Revolving Facility reductions | — | | | (73,500 | ) | | (45,000 | ) | | — | | | (118,500 | ) | |
|
Principal payments on long term debt | — | | | (131 | ) | | (58 | ) | | — | | | (189 | ) | |
|
Supply chain financing | — | | | — | | | (14,422 | ) | | — | | | (14,422 | ) | |
|
Proceeds from exercise of stock options | 175 | | | — | | | — | | | — | | | 175 | | |
|
Purchase of treasury shares | (844 | ) | | — | | | — | | | — | | | (844 | ) | |
|
Other | (489 | ) | | (16 | ) | | (6,701 | ) | | — | | | (7,206 | ) | |
|
Net cash (used in) provided by | (1,158 | ) | | (13,662 | ) | | (3,263 | ) | | 7,015 | | | (11,068 | ) | |
financing activities | |
| | | | | | | | | | |
Net (decrease) increase in cash | — | | | (241 | ) | | (5,162 | ) | | — | | | (5,403 | ) | |
and cash equivalents | |
Effect of exchange rate changes | — | | | — | | | (444 | ) | | — | | | (444 | ) | |
on cash and cash equivalents | |
Cash and cash equivalents at | — | | | 4,425 | | | 12,892 | | | — | | | 17,317 | | |
beginning of period | |
Cash and cash equivalents | $ | — | | | $ | 4,184 | | | $ | 7,286 | | | $ | — | | | $ | 11,470 | | |
at end of period | |
| | | | | | | | | | | | | | | | | | | | | |