Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating activities    
Net loss $ (3,404) $ (4,268)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,015 2,001
Amortization of deferred financing costs and debt discount 189 204
Loss recognized on impairment of assets held for sale 647  
Stock-based compensation 935 365
Provision for losses on accounts receivable 113 113
Deferred income taxes 1,222 1,444
Changes in operating assets and liabilities:    
Accounts receivable 14,013 26,290
Inventories (14,807) (22,736)
Prepaid and other assets and prepaid income taxes (4,128) (4,312)
Accounts payable (2,849) (1,649)
Accrued expenses and other current liabilities (1,584) (7,856)
Deferred compensation (157) (157)
Benefit obligations and other long-term liabilities 647 532
Net cash used in operating activities (7,148) (10,029)
Investing activities    
Capital expenditures (843) (437)
Proceeds from sale of equipment   77
Net cash used in investing activities (843) (360)
Financing activities    
Shares withheld on restricted stock vesting paid for employees' taxes (137)  
Dividends paid (4,647) (4,543)
Repayment of long-term debt (288) (10,288)
Net cash used in financing activities (5,072) (14,831)
Change in cash and cash equivalents (13,063) (25,220)
Cash and cash equivalents at beginning of period 24,136 39,432
Cash and cash equivalents at end of period $ 11,073 $ 14,212