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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income (loss) $ 177,215 $ 36,299 $ (8,839)
Non-cash items included in net income (loss):      
Depreciation and amortization [1] 100,702 102,677 118,281
Impairment loss 754 54,958 6,808
Stock-based compensation charges 22,965 22,680 16,593
Loss from investments in Unconsolidated Affiliates 14,228 4,090 21,486
Pension (gain) expense (4,542) (3,228) 19,821
Debt issuance cost amortization 13,264 13,141 12,767
Other non-cash items 654 (16,280) 19,948
Changes in operating assets and liabilities that provided (used) cash:      
Accounts receivable 90,802 (89,776) (82,697)
Contracts in progress, net of Advance billings on contracts (449,841) 144,412 (113,338)
Accounts payable 105,383 (101,845) 78,646
Accrued and other current liabilities 60,908 (37,064) (33,969)
Other assets and liabilities, net 3,312 48,115 (235)
Total cash provided by operating activities 135,804 178,179 55,272
Cash flows from investing activities:      
Purchases of property, plant and equipment [2] (118,811) (228,079) (102,851)
Proceeds from asset dispositions 56,371 2,366 10,724
Investments in Unconsolidated Affiliates (2,769) (5,093) (7,038)
Other investing activities     3,593
Total cash used in investing activities (65,209) (230,806) (95,572)
Cash flows from financing activities:      
Repayment of debt (234,799) (103,020) (26,938)
Payment of debt issuance cost (21,250) (8,730) (170)
Acquisition of Noncontrolling interest (10,652)   (24)
Repurchase of common stock (7,204) (4,022) (1,038)
Dividends paid to Noncontrolling interest (902)    
Total cash used in financing activities (274,807) (115,772) (28,170)
Effects of exchange rate changes on cash, cash equivalents and restricted cash 71 (913) (2,779)
Net decrease in cash, cash equivalents and restricted cash (204,141) (169,312) (71,249)
Cash, cash equivalents and restricted cash at beginning of period 612,333 781,645 852,894
Cash, cash equivalents and restricted cash at end of period 408,192 612,333 781,645
Cash paid during the period for:      
Income taxes, net of refunds 44,821 37,710 40,560
Cash paid for interest, net of amounts capitalized 49,636 46,693 40,690
Supplemental Disclosure of Noncash Investing Activities:      
Non-cash purchase (sale) of investments in unconsolidated affiliates   (12,377) $ 2,396
Supplemental Disclosure of Noncash Financing Activities:      
Vendor equipment financing 15,686    
Note payable in connection with noncontrolling interest distribution $ (5,000) 5,000  
Non-cash acquisition of noncontrolling interest   $ 17,779  
[1] Depreciation and amortization expense associated with our marine vessels is included in the respective segments in which the vessels were located as of reporting date.
[2] Liabilities associated with assets acquired during 2017, 2016 and 2015 was approximately $8 million as of both December 31, 2017 and 2016 and approximately $11 million as of December 31, 2015.