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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows From Operating Activities    
Net income $ 20,760 $ 17,231
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 33,189 30,325
Amortization 812 1,658
Provision for bad debt 905 550
Stock based compensation expense 1,430 1,560
Excess tax benefits on stock awards (450) (394)
Deferred income taxes (3,656) (4,983)
Net (gain) loss on disposal of equipment 227 (313)
Unrealized (gain) loss on investments (54) (74)
Net gains from patronage and equity investments (385) (289)
Amortization of long term debt issuance costs 289 300
Other 647 133
(Increase) decrease in:    
Accounts receivable (339) (1,570)
Materials and supplies (414) 3,120
Income taxes receivable 14,752 17,157
Other assets (3,421) 950
Increase (decrease) in:    
Accounts payable (2,911) 2,367
Income taxes payable 499 0
Deferred lease payable 506 502
Other deferrals and accruals (2,116) (1,654)
Net cash provided by operating activities 60,270 66,576
Cash Flows From Investing Activities    
Acquisition of property, plant and equipment (25,135) (32,804)
Proceeds from sale of equipment 52 223
Cash distributions from investments 3 27
Net cash used in investing activities (25,080) (32,554)
Cash Flows From Financing Activities    
Principal payments on long-term debt (11,500) 0
Excess tax benefits on stock awards 450 394
Repurchases of stock (1,450) (1,771)
Proceeds from issuances of stock 530 1,124
Net cash used in financing activities (11,970) (253)
Net increase in cash and cash equivalents 23,220 33,769
Cash and cash equivalents:    
Beginning 68,917 38,316
Ending 92,137 72,085
Cash payments for:    
Interest 3,782 3,930
Income taxes paid (refunded) $ 2,139 $ (580)