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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities      
Net income (loss) $ 42,609 $ 14,470 $ (11,322)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:      
Depreciation and amortization 86,412 84,325 78,456
Bad debt expense 3,000 1,191 3,302
Equity in (earnings) losses of affiliates, net of dividends (10,494) 14,766 (677)
Gain on sale of assets (14,401) (667) (20,802)
Gains on sales of Rail Group assets and related leases (10,990) (11,019) (13,281)
Deferred income taxes (63,234) 6,030 27,279
Stock based compensation expense 6,097 6,987 1,899
Pension settlement charge, net of cash contributed 0 0 48,344
Goodwill impairment 59,081 0 56,166
Asset impairment 10,913 9,107 285
Other (55) (2,070) (1,439)
Changes in operating assets and liabilities:      
Accounts receivable 9,781 (26,429) 45,058
Inventories 16,141 28,165 73,350
Commodity derivatives 20,285 (9,990) 14,098
Other assets (5,623) 19,407 (26,315)
Accounts payable and accrued expenses (74,237) (94,688) (120,267)
Net cash provided by (used in) operating activities 75,285 39,585 154,134
Investing Activities      
Acquisition of businesses, net of cash acquired (3,507) 0 (128,549)
Purchases of Rail Group assets (143,020) (85,268) (115,032)
Proceeds from sale of Rail Group assets 36,896 56,689 76,625
Purchases of property, plant and equipment and capitalized software (34,602) (77,740) (72,469)
Proceeds from sale of assets 33,879 69,904 284
Proceeds from returns of investments in affiliates 1,069 9,186 1,620
Purchase of investments (5,679) (2,523) (938)
Other 1,470 1,534 (21)
Net cash provided by (used in) investing activities (113,494) (28,218) (238,480)
Financing Activities      
Net change in short-term borrowings (8,059) 14,000 15,000
Proceeds from issuance of long-term debt 85,175 81,760 181,767
Payments of long-term debt (57,189) (97,606) (92,474)
Proceeds from long-term financing arrangements 12,195 14,027 0
Distributions to noncontrolling interest owner (377) (5,853) (3,206)
Payments of debt issuance costs (2,024) (323) (296)
Purchases of treasury stock 0 0 (49,089)
Dividends paid (18,152) (17,362) (15,921)
Other (1,071) (1,130) (2,389)
Net cash provided by (used in) financing activities 10,498 (12,487) 33,392
Increase (decrease) in cash and cash equivalents (27,711) (1,120) (50,954)
Cash and cash equivalents at beginning of year 62,630 63,750 114,704
Cash and cash equivalents at end of year $ 34,919 $ 62,630 $ 63,750