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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities:    
Net income $ 108,423 $ 90,180
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 81,725 74,459
Amortization of intangibles 9,974 10,819
Share-based compensation expense 18,533 8,348
Equity in earnings, net of dividends related to earnings (2,801) (2,125)
Gain on remeasurement of previously held equity interest 0 (14,199)
Deferred income taxes 295 5,765
Other 1,101 127
Changes in operating assets and liabilities (35,205) (63,401)
Net cash provided by operating activities 182,045 109,973
Investing activities:    
Capital expenditures (116,788) (129,661)
Acquisition of businesses, net of cash acquired (37,478) (34,396)
Investment in joint ventures 0 (4,300)
Cash from consolidation of joint venture 3,395 0
Proceeds from sale of fixed assets 156 4,846
Net cash used in investing activities (150,715) (163,511)
Financing activities:    
Increase in short-term debt, net 1,703 973
Principal payments on long-term debt (9,787) (6,239)
Purchase of noncontrolling interests 0 (1,262)
Repurchase of common stock (23,800) 0
Proceeds from exercise of warrants 2,498 8,540
Taxes withheld and paid on employees' share based payment awards (11,979) (1,330)
Other 101 (173)
Net Cash (used in) provided by financing activities (41,264) 509
Effects of exchange rate changes on cash and cash equivalents (7,880) 17,743
Changes in cash and cash equivalents (17,814) (35,286)
Cash and cash equivalents at beginning of period 378,243 267,270
Cash and cash equivalents at end of period $ 360,429 $ 231,984