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Condensed Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income (loss) $ (52,807) $ 18,282
Non-cash items included in net income (loss):    
Depreciation and amortization 12,441 21,458
(Income) loss of equity method investees, net of dividends (2,060) 2,292
Losses on asset disposals and impairments 14,481 10,607
Provision for deferred taxes   0
Recognition of losses for pension and postretirement plans 29,986 200
Stock-based compensation charges and excess tax benefits 10,655 0
Changes in assets and liabilities:    
Accounts receivable 49,476 31,332
Contracts in progress and advance billings on contracts (21,684) 5,170
Inventories (4,746) 663
Income taxes (2,437) (2,075)
Increase (Decrease) in Accounts Payable (36,784) (11,369)
Accrued and other current liabilities 3,583 (7,735)
Pension liabilities, accrued postretirement benefits and employee benefits (8,652) (7,237)
Other, net (657) (5,958)
Net cash from operating activities (15,829) 55,630
CASH FLOWS FROM INVESTING ACTIVITIES:    
Decrease in restricted cash and cash equivalents 3,014 1,307
Investment in equity method investees (26,220) 0
Purchases of property, plant and equipment (13,607) (15,215)
Purchases of available-for-sale securities (16,743) (4,919)
Sales and maturities of available-for-sale securities 11,724 1,647
Proceeds from asset disposals (562) 0
Net cash from investing activities (42,394) (17,180)
Cash flows from financing activities:    
Increase in short-term borrowings 1,065 0
Net transfers from former Parent 0 80,589
Repurchase of shares of common stock (52,307) 0
Other (230) (38)
Net cash from financing activities (51,472) 80,551
Effects of exchange rate changes on cash (4,495) (4,881)
Cash flow from continuing operations (114,190) 114,120
Cash flows from discontinued operations:    
Operating cash flows from discontinued operations, net 0 (25,194)
Investing cash flows from discontinued operations, net 0 (23)
Net cash flows from discontinued operations 0 (25,217)
Net increase (decrease) in cash and equivalents (114,190) 88,903
Cash and equivalents, beginning of period 365,192 218,659
Cash and equivalents, end of period $ 251,002 $ 307,562