Cash and Cash Equivalents and Restricted Cash

3 Months Ended

Mar. 31, 2014

Cash and Cash Equivalents and Restricted Cash

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:

	March 31		December 31,
	2014		2013
	(in thousands)
Corporate cash and cash equivalents (available for general corporate purposes)	$	25,520	$	36,579
Company’s share of joint venture cash and cash equivalents (available only for joint venture purposes, including future distributions	107,544		83,344
Total Cash and Cash Equivalents	$	133,064	$	119,923
Restricted Cash	$	43,269	$	42,594