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, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net earnings (loss) $ 7,588 $ (3,410)
Adjustments to reconcile net earnings (loss) to net cash (used in) provided by operating activities:    
Depreciation of property, plant and equipment 10,415 9,750
Amortization of deferred financing costs 300 238
Amortization of intangible assets 226 226
Provision for (recovery of) bad debts and returns 1,862 (671)
Tax benefits from share-based compensation 0 (183)
Non-cash share-based compensation 579 3,485
(Gain) on disposal of property, plant and equipment (1) 0
Deferred income tax 1,125 0
(Increase) decrease in assets:    
Receivables (70,553) (47,267)
Inventories 84,934 13,148
Prepaid expenses and other current assets 1,017 51,811
Other assets (3,005) 139
Increase (decrease) in liabilities:    
Accounts payable (80,634) 19,319
Accrued expenses (6,568) 2,990
Net cash (used in) provided by operating activities (52,715) 49,575
Cash flows from investing activities:    
Capital expenditures (7,774) (11,588)
Net cash used in investing activities (7,774) (11,588)
Cash flows from financing activities:    
Net proceeds from the issuances of stock through employee stock purchase plan and the exercise of stock options 0 7
Payments on long-term debt (2,880) (2,468)
Increase in short-term borrowings 603 4,119
Contributions from non-controlling interest of consolidated entity 3,152 0
Distributions to non-controlling interest of consolidated entity (1,175) 0
Net cash (used in) provided by financing activities (300) 1,658
Net increase (decrease) in cash and cash equivalents (60,789) 39,645
Effect of exchange rates on cash and cash equivalents (376) 827
Cash and cash equivalents at beginning of the period 325,826 351,144
Cash and cash equivalents at end of the period 264,661 391,616
Cash paid (received) during the period for:    
Interest 2,467 1,422
Income taxes $ 1,588 $ (54,140)