This all seems pretty good to me. No big surprises. Everyone knew that the refinancing costs were going to be booked to this quarter, even though most of them are amortized and going to be paid out over the term of the loan. And thus cause an accounting loss to be shown.
"Operating cash flow increased 9.1% from a year ago to $32.1 million. Operating cash flow margin(2) increased to 18.6% from 16.5% a year ago. Including equity in earnings of associated companies, depreciation and amortization, as well as unusual matters in both years, the company recognized operating income of $16.5 million, compared with $14.1 million a year ago." (Reuters)