Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities:    
Net income (loss) $ (9,354) $ 97,657
Adjustments to reconcile net income (loss) to cash used in operating activities:    
Fair value adjustments on convertible debt and warrants (2,855)  
Gain on bankruptcy exit   (119,408)
Loss on extinguishment of debt   2,159
Depreciation and amortization of intangibles 6,319 5,708
Inventory valuation   136
Amortization of deferred financing fees 319 269
Noncash compensation 1,525 891
Derivative instruments 61 (1,206)
Bad debt expense (140) (214)
Equity earnings in Front Range   334
Changes in operating assets and liabilities:    
Accounts receivable (8,286) (6,653)
Inventories (3,545) 1,554
Prepaid expenses and other assets 579 334
Prepaid inventory (3,426) 525
Accounts payable and accrued expenses 4,804 9,956
Net cash used in operating activities (13,999) (7,958)
Investing Activities:    
Additions to property and equipment (1,364) (277)
Net cash impact of deconsolidation of Front Range   (10,486)
Net cash impact of bankruptcy exit   (1,301)
Net cash used in investing activities (1,364) (12,064)
Financing Activities:    
Net Proceeds from borrowings 16,459 4,452
Net cash provided by financing activities 16,459 4,452
Net increase (decrease) in cash and cash equivalents 1,096 (15,570)
Cash and cash equivalents at beginning of period 8,736 17,545
Cash and cash equivalents at end of period 9,832 1,975
Supplemental Information:    
Interest paid 5,529 3,150
Noncash financing and investing activities:    
Preferred stock dividends accrued 627 1,588
Debt extinguished with issuance of common stock $ 14,700 $ 19,000