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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES    
Net income $ 27,467 $ 71,524
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 30,004 24,125
Stock-based compensation expense 1,926 1,802
Gain on disposition of assets, net (1,214) (2,936)
Deferred income tax provision 730 2,536
Pension settlement charges   17,375
Other non-cash adjustments 135 6
(Increase) decrease in assets:    
Accounts receivable (4,812) 16,209
Income taxes receivable 6,000 18,057
Inventories (1,488) (959)
Prepaid expenses 2,535 1,725
Other current assets 121 141
Other non-current assets (1,044) (236)
Increase (decrease) in liabilities:    
Accounts payable 19,759 (3,389)
Income taxes payable 1,335 14
Unearned revenue (15,171)  
Accrued payroll and related expenses (10,163) (13,193)
Accrued insurance expenses 370 865
Accrued state, local and other taxes (263) 1,691
Other accrued expenses (2,168) (1,074)
Pension and retirement plan liabilities 313 (4,723)
Long-term accrued insurance expenses 400 2,018
Other long-term liabilities 1,787 945
Net cash provided by operating activities 56,559 132,523
INVESTING ACTIVITIES    
Capital expenditures (52,778) (65,300)
Proceeds from sale of assets 3,772 4,285
Net cash used for investing activities (49,006) (61,015)
FINANCING ACTIVITIES    
Payment of dividends (8,621) (8,679)
Cash paid for common stock purchased and retired (9,858) (11,349)
Cash paid for finance lease and finance obligations (185)  
Net cash used for financing activities (18,664) (20,028)
Net (decrease) increase in cash and cash equivalents (11,111) 51,480
Cash and cash equivalents at beginning of period 223,310 126,424
Cash and cash equivalents at end of period 212,199 177,904
Supplemental cash flows disclosure:    
Income tax payments, net 187 922
Interest paid 42 41
Supplemental disclosure of noncash investing activities:    
Capital expenditures included in accounts payable $ 11,054 $ 11,866