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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES    
Net income $ 71,524 $ 15,079
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash charges 24,131 19,343
Stock-based compensation expense 1,802 1,497
Gain on disposition of assets, net (2,936) (2,954)
Deferred income tax provision 2,536 6,975
Pension settlement charge 17,375  
(Increase) decrease in assets:    
Accounts receivable 16,209 (26,586)
Income taxes receivable 18,057 1,056
Inventories (959) (5,326)
Prepaid expenses 1,725 (3,771)
Other current assets 141 677
Other non-current assets (236) 2,875
Increase (decrease) in liabilities:    
Accounts payable (3,389) (168)
Income taxes payable 14 326
Accrued payroll and related expenses (13,193) 6,529
Accrued insurance expenses 865 (4,749)
Accrued state, local and other taxes 1,691 1,091
Other accrued expenses (1,074) (1,746)
Pension and retirement plans liabilities (4,723) (2,548)
Long-term accrued insurance expenses 2,018 (1,142)
Other long-term liabilities 945 1,790
Net cash provided by operating activities 132,523 8,248
INVESTING ACTIVITIES    
Capital expenditures (65,300) (19,084)
Proceeds from sale of assets 4,285 3,825
Net cash used for investing activities (61,015) (15,259)
FINANCING ACTIVITIES    
Payment of dividends (8,679)  
Cash paid for common stock purchased and retired (11,349) (910)
Cash paid for finance lease   (1,323)
Net cash used for financing activities (20,028) (2,233)
Net increase (decrease) in cash and cash equivalents 51,480 (9,244)
Cash and cash equivalents at beginning of period 126,424 82,433
Cash and cash equivalents at end of period 177,904 73,189
Supplemental cash flows disclosure:    
Income tax payments (refunds), net 922 (333)
Interest paid 41 43
Supplemental disclosure of noncash investing activities:    
Capital expenditures included in accounts payable $ 11,866 $ 7,020