Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES    
Net Income (Loss) $ (2,149) $ 8,859
Income from Discontinued Operations 0 4,855
Income (Loss) from Continuing Operations (2,149) 4,004
Adjustments to Reconcile Income (Loss) from Continuing Operations To Net Cash Provided by Operating Activities:    
Depreciation and Amortization 7,668 6,993
Amortization of Intangible Assets 921 921
Stock-based Compensation 1,123 933
Deferred Income Taxes (276) 11,109
Postretirement Obligation (13) 5
Amortization of Loan Fees 91 91
(Gain) Loss on Disposal of Assets (292) 18
Changes in Operating Assets and Liabilities:    
(Increase) Decrease in Trade Receivables (8,909) 6,080
Decrease in Insurance Receivables 0 1,148
(Increase) Decrease in Taxes Receivable 2,502 (15,726)
(Increase) Decrease in Inventories (2,695) 6,029
Decrease in Prepaid Expenses and Other Assets 4,101 536
Decrease in Accounts Payable and Accrued Liabilities (2,428) (1,765)
(Increase) Decrease in Other Liabilities (141) 456
Net Cash (Used in) Provided by Operating Activities - Continuing Operations (497) 20,831
Net Cash Used in Operating Activities - Discontinued Operations 0 (276)
Net Cash (Used in) Provided by Operating Activities (497) 20,555
INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (8,664) (7,851)
Proceeds from Sale of Property, Plant and Equipment 92 0
Net Cash Used in Investing Activities - Continuing Operations (8,572) (7,851)
Net Cash Provided by Investing Activities - Discontinued Operations 0 10,163
Net Cash Provided by (Used in) Investing Activities (8,572) 2,312
FINANCING ACTIVITIES    
Repurchase of Common Stock (5,000) 0
Net Cash Paid Related to Stock-Based Compensation (282) (71)
Additions to CARES Act, PPP Loans 0 6,123
Additions to Long-Term Debt 0 20,000
Repayments of Long-Term Debt (2,188) (25,187)
Net Cash (Used in) Provided by Financing Activities - Continuing Operations (7,470) 865
NET (DECREASE) INCREASE IN CASH (16,539) 23,732
CASH AT BEGINNING OF PERIOD 55,664 6,145
CASH AT END OF PERIOD 39,125 29,877
Supplemental disclosure of cash flow information:    
Cash payments for interest 470 1,560
Cash payments for taxes, net of refunds (2,140) 0
Supplemental disclosure of non-cash items:    
Capital expansion amortized to depreciation expense 193 521
Foreign taxes paid by AMAK $ 1,054 $ 0