Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income (loss) $ 556 $ (2,315)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 34,903 28,189
Amortization 13,585 12,397
Acquisition accounting valuation adjustments on inventory sold 1,603 871
Amortization of deferred financing costs and original issue discount 1,559 2,668
Debt extinguishment costs 3,755 0
Foreign currency exchange loss 5,063 1,986
Pension and postretirement healthcare benefit expense 816 902
Pension and postretirement healthcare benefit funding (3,406) (2,810)
Deferred income tax benefit (2,607) (1,967)
Net loss on asset disposals 1,152 348
Stock compensation 3,831 1,652
Equity in net (income) from affiliated companies (11,852) (5,877)
Dividends received from affiliated companies 10,819 0
Other, net (2,928) (508)
Working capital changes that provided (used) cash:    
Receivables (11,065) (16,518)
Inventories (19,539) (5,023)
Prepaids and other current assets (4,712) (3,398)
Accounts payable (7,044) (16,439)
Accrued liabilities 7,546 12,538
Net cash provided by operating activities 22,035 6,696
Cash flows from investing activities:    
Purchases of property, plant and equipment (33,344) (32,449)
Other, net 209 5
Net cash used in investing activities (33,135) (32,444)
Cash flows from financing activities:    
Draw down of revolver 38,570 37,000
Repayments of revolver (32,109) (27,000)
Issuance of long-term debt 1,267,000 0
Debt issuance costs (6,395) 0
Repayments of long-term debt (1,261,624) (3,085)
Other, net (58) 0
Net cash provided by financing activities 5,384 6,915
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,511) (3,133)
Net change in cash, cash equivalents and restricted cash (7,227) (21,966)
Cash, cash equivalents and restricted cash at beginning of period 67,243 85,077
Cash, cash equivalents and restricted cash at end of period $ 60,016 $ 63,111