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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income $ 59,985 $ 51,668
Adjustments to reconcile to cash provided by operating activities:    
Depreciation, depletion and amortization 29,703 31,921
Accretion on asset retirement obligations 6,992 7,623
Amortization of sales contracts, net 3,051 14,690
Prepaid royalties expensed 0 2,281
Deferred income taxes 12,127 5,830
Employee stock-based compensation expense 3,845 2,426
Gains on disposals and divestitures, net 134 (347)
Net loss resulting from early retirement of debt and debt restructuring 0 2,030
Amortization relating to financing activities 1,080 535
Changes in:    
Receivables (28,728) 37,134
Inventories (14,871) (11,732)
Accounts payable, accrued expenses and other current liabilities (26,052) (20,529)
Income taxes, net 11,596 (4,965)
Other 8,005 6,964
Cash provided by operating activities 66,867 125,529
Investing activities    
Capital expenditures (9,453) (5,950)
Minimum royalty payments (62) (63)
Proceeds from disposals and divestitures 54 420
Purchases of short term investments (38,458) (78,523)
Proceeds from sales of short term investments 49,400 45,886
Investments in and advances to affiliates, net 0 (7,905)
Cash provided by (used in) investing activities 1,481 (46,135)
Financing activities    
Proceeds from issuance of term loan due 2024 0 298,500
Payments to extinguish term loan due 2021 0 (325,684)
Payments on term loan due 2024 (750) 0
Net payments on other debt (3,431) (2,810)
Debt financing costs 0 (7,228)
Net loss resulting from early retirement of debt and debt restructuring 0 (2,030)
Dividends paid (8,335) 0
Purchases of treasury stock (38,186) 0
Other 10  
Cash used in financing activities (50,692) (39,252)
Increase in cash and cash equivalents, including restricted cash 17,656 40,142
Cash and cash equivalents, including restricted cash, beginning of period 273,602 376,422
Cash and cash equivalents, including restricted cash, end of period $ 291,258 $ 416,564