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171,833
178,131Commitments and ContingenciesStockholders' EquityPreferred Stock - $1.00 par value; 3,000,000 authorized; none outstanding
-
-Common Stock - $0.10 par value; 20,000,000 shares authorized,7,777,524 and 7,710,783 issued and outstanding
778
771Capital in Excess of Par Value
75,361
74,796Retained Earnings
25,958
24,803Accumulated Other Comprehensive Loss
(32,037)
(32,037)Total Stockholders' Equity
70,060
68,333TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$ 241,893
$ 246,464 AMERICAN PACIFIC CORPORATIONCondensed Consolidated Statements of Cash Flows(Unaudited, Dollars in Thousands)Three Months Ended December 31,20122011Cash Flows from Operating Activities:Net Income
$ 1,155
$ 151Adjustments to Reconcile Net Incometo Net Cash Used by Operating Activities:Depreciation and amortization
3,310
3,682Non-cash interest expense
64
191Non-cash component of loss on debt extinguishment
1,252
-Share-based compensation
253
217Excess tax benefit from stock-based compensation
(71)
-Deferred income taxes
1,080
267Loss (gain) on sale of assets
1
(25)Changes in operating assets and liabilities:Accounts receivable, net
6,032
(10,471)Inventories
(13,684)
(4,906)Prepaid expenses and other current assets
(470)
(860)Accounts payable
(2,483)
(2,249)Income taxes
(2,192)
8Accrued liabilities
(111)
(502)Accrued interest
(853)
2,386Employee related liabilities
(3,566)
(1,930)Deferred revenues and customer deposits
11,579
7,203Environmental remediation reserves
(2,088)
(510)Pension obligations, net
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