Cash and Cash Equivalents and Restricted Cash

6 Months Ended

Jun. 30, 2015

Cash and Cash Equivalents and Restricted Cash [Abstract]

Cash and Cash Equivalents and Restricted Cash

(3)     Cash and Cash Equivalents and Restricted Cash

Cash and cash equivalents include short-term, highly liquid investments with original maturities of three months or less when acquired.

Cash and cash equivalents, as reported in the accompanying Consolidated Condensed Balance Sheets, consist of amounts held by the Company that are available for general corporate purposes and the Company’s proportionate share of amounts held by construction joint ventures that are available only for joint venture-related uses, including future distributions to joint venture partners. Restricted cash is primarily held to secure insurance-related contingent obligations, such as insurance claim deductibles, in lieu of letters of credit.

Cash and cash equivalents and restricted cash consisted of the following:

	June 30,		December 31,
	2015		2014
	(in thousands)
Corporate cash and cash equivalents (available for general corporate purposes)	$	48,394	$	40,846
Company's share of joint venture cash and cash equivalents (available only for joint venture purposes, including future distributions)		58,523		94,737
Total Cash and Cash Equivalents	$	106,917	$	135,583
Restricted Cash	$	39,493	$	44,370