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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities      
Net income (loss) $ (11,322) $ 122,645 $ 95,702
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 78,456 62,005 55,307
Bad debt expense 3,302 1,183 1,187
Equity in earnings of affiliates, net of dividends (677) 28,749 (50,953)
Gain on sale of investments in affiliates (22,881) (17,055) 0
Gains on sales of Rail Group assets and related leases (13,281) (15,830) (19,366)
Loss on sales of property, plant and equipment 2,079 2,079 633
Excess tax benefit from share-based payment arrangement (1,299) (1,806) (1,001)
Deferred income taxes 27,279 21,815 40,374
Stock based compensation expense 1,899 8,581 4,339
Pension settlement charge 48,344 0 0
Goodwill impairment charge 56,166 0 0
Asset impairment charge 285 3,090 4,439
Other (140) (296) (135)
Changes in operating assets and liabilities:      
Accounts receivable 45,058 (1,703) 35,446
Inventories 73,350 (172,040) 162,443
Commodity derivatives 14,098 (27,652) 69,633
Other assets (26,315) (11,407) (4,926)
Accounts payable and accrued expenses (120,267) (12,429) (55,934)
Net cash (used in) provided by operating activities 154,134 (10,071) 337,188
Investing Activities      
Acquisition of businesses, net of cash acquired (128,549) (20,037) (15,252)
Purchases of Rail Group assets (115,032) (90,067) (92,584)
Proceeds from sale of Rail Group assets 76,625 32,099 97,232
Purchases of property, plant and equipment (72,469) (59,675) (46,786)
Proceeds from sale of property, plant and equipment 284 1,401 390
Proceeds from returns of investments in affiliates 1,620 46,800 0
Investments in affiliates (938) (238) (49,251)
Change in restricted cash (21) (21) (10)
Net cash used in investing activities (238,480) (89,738) (106,261)
Financing Activities      
Net change in short-term borrowings 15,000 0 (24,219)
Proceeds from issuance of long-term debt 181,767 3,405 68,003
Payments of long-term debt (92,474) (69,697) (94,752)
Distributions to noncontrolling interest owner (3,206) (14,920) 0
Proceeds from sale of treasury shares to employees and directors 468 1,509 1,939
Payments of debt issuance costs (296) (3,175) (46)
Purchase of treasury stock (49,089) 0 0
Dividends paid (15,921) (12,485) (11,986)
Excess tax benefit from share-based payment arrangement 1,299 1,806 1,001
Other (4,156) (1,015) 0
Net cash (used in) provided by financing activities 33,392 (94,572) (60,060)
(Decrease) increase in cash and cash equivalents (50,954) (194,381) 170,867
Cash and cash equivalents at beginning of year 114,704 309,085 138,218
Cash and cash equivalents at end of year $ 63,750 $ 114,704 $ 309,085