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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 31, 2017
May 31, 2016
OPERATING ACTIVITIES    
Net income $ 34,500 $ 41,729
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of Staten Island property 0 (13,631)
Depreciation and amortization 54,770 51,032
Stock-based compensation 1,707 1,532
Amortization of financing costs 841 887
Interest and other consideration received on Staten Island note receivable 0 1,162
Deferred income taxes (3,220) 56,392
Income from equity investments (9,426) (8,139)
Distribution from equity investee 9,850 8,714
Loss on retirements of long-lived assets, non-cash 404 896
Other, net 99 (227)
Changes in operating assets and liabilities:    
Receivables, net (20,425) 962
Prepaid expenses and other assets (7,414) (10,846)
Accounts payable and other liabilities (10,905) (5,218)
Deferred income 51,462 54,810
Income taxes 4,119 3,190
Net cash provided by operating activities 106,362 183,245
INVESTING ACTIVITIES    
Capital expenditures (40,568) (81,778)
Distribution from equity investee 0 1,636
Proceeds from sale of Staten Island property 0 66,728
Proceeds from sale of assets 14 472
Other, net (8) (2)
Net cash used in investing activities (40,562) (12,944)
FINANCING ACTIVITIES    
Payment of long-term debt (444) (418)
Deferred financing fees (43) 0
Exercise of Class A common stock options 358 0
Reacquisition of previously issued common stock (17,323) (26,453)
Net cash used in financing activities (17,452) (26,871)
Net increase in cash and cash equivalents 48,348 143,430
Cash and cash equivalents at beginning of period 263,727 160,548
Cash and cash equivalents at end of period $ 312,075 $ 303,978