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
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
NET CASH FROM (FOR) OPERATING ACTIVITIES    
Net income (loss) $ 2,600 $ (2,750)
Adjustments to reconcile net income (loss) to net cash (used) provided by operating activities:    
Depreciation and amortization 6,140 13,050
Noncash stock compensation 1,670 1,960
Loss on sale of property and equipment 2,300 50
Deferred income taxes 1,200 (2,740)
Changes in assets and liabilities:    
Receivables, net (16,900) (13,480)
Inventory, net 8,080 (2,070)
Accounts payable and accrued liabilities (15,460) 22,950
Other, net 1,410 (80)
Cash (used) provided by operations (8,960) 16,890
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES:    
Capital expenditures (7,120) (6,050)
Other, net 910 1,050
Net cash used by investing activities (6,210) (5,000)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES:    
Net transfer from (to) Former Parent Company 77,190 (9,840)
Cash distribution paid to Former Parent Company (200,000)  
Proceeds from issuance of long-term debt 200,000  
Payment of debt issuance costs (1,720)  
Net cash provided (used) by financing activities 75,470 (9,840)
CASH AND CASH EQUIVALENTS:    
Increase for the period 60,300 2,050
Cash and cash equivalents at beginning of period 2,970 3,020
Cash and cash equivalents at end of period $ 63,270 $ 5,070