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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net income $ 72,741 $ 59,985
Adjustments to reconcile to cash provided by operating activities:    
Depreciation, depletion and amortization 25,273 29,703
Accretion on asset retirement obligations 5,137 6,992
Amortization of sales contracts, net 65 3,051
Deferred income taxes 0 12,127
Employee stock-based compensation expense 5,651 3,845
(Gains) losses on disposals and divestitures, net (475) 134
Amortization relating to financing activities 907 1,080
Changes in:    
Receivables 7,410 (28,728)
Inventories (20,137) (14,871)
Accounts payable, accrued expenses and other current liabilities (17,861) (26,052)
Income taxes, net 76 11,596
Other 6,197 8,005
Cash provided by operating activities 84,984 66,867
Investing activities    
Capital expenditures (39,147) (9,453)
Minimum royalty payments (63) (62)
Proceeds from disposals and divestitures 608 54
Purchases of short term investments (27,902) (38,458)
Proceeds from sales of short term investments 26,500 49,400
Investments in and advances to affiliates, net (2,196) 0
Cash provided by (used in) investing activities (42,200) 1,481
Financing activities    
Payments on term loan due 2024 (750) (750)
Net payments on other debt (4,633) (3,431)
Dividends paid (7,839) (8,335)
Purchases of treasury stock (75,749) (38,186)
Other 0 10
Cash used in financing activities (88,971) (50,692)
Increase (decrease) in cash and cash equivalents, including restricted cash (46,187) 17,656
Cash and cash equivalents, including restricted cash, beginning of period 264,937 273,602
Cash and cash equivalents, including restricted cash, end of period 218,750 291,258
Cash and cash equivalents, including restricted cash, end of period    
Cash and cash equivalents, including restricted cash, end of period $ 264,937 $ 273,602