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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income (loss) $ 17,557 $ (27,135)
Adjustments to reconcile net income (loss) to cash used in operating activities:    
Depreciation and amortization 67,960 64,546
Bad debt expense (recovery) (436) 1,076
Equity in (earnings) losses of affiliates, net of dividends (18,390) (2,168)
Gains on sale of Rail Group assets and related leases (5,911) (7,642)
Gain on sale of assets (4,181) (11,443)
Stock-based compensation expense 4,898 4,550
Goodwill impairment 0 42,000
Asset impairment 6,272 0
Other (2,626) (610)
Changes in operating assets and liabilities:    
Accounts receivable (20,853) (334)
Inventories 156,375 200,667
Commodity derivatives 18,080 16,073
Other assets 127 10,422
Payables and other accrued expenses (190,042) (229,268)
Net cash provided by (used in) operating activities 28,830 60,734
Investing Activities    
Acquisition of business, net of cash acquired 0 (3,507)
Purchases of Rail Group assets (108,054) (77,513)
Proceeds from sale of Rail Group assets 47,644 18,368
Purchases of property, plant and equipment and capitalized software (86,694) (26,705)
Proceeds from sale of assets 42,307 26,601
Proceeds from returns of investments in affiliates 0 1,339
Purchase of investments (11,086) (4,929)
Other 0 1,470
Net cash provided by (used in) investing activities (115,883) (64,876)
Financing Activities    
Net change in short-term borrowings 110,000 (11,059)
Proceeds from issuance of long-term debt 57,000 35,175
Proceeds from long-term financing arrangement 0 12,195
Payments of long-term debt (112,995) (54,326)
Proceeds from noncontrolling interest owner 31,115 0
Proceeds from sale of treasury shares to employees and directors 0 450
Payments of debt issuance costs (1,446) (2,024)
Dividends paid (13,976) (13,485)
Other (744) (936)
Net cash provided by (used in) financing activities 68,954 (34,010)
Decrease in cash and cash equivalents (18,099) (38,152)
Cash and cash equivalents at beginning of period 34,919 62,630
Cash and cash equivalents at end of period $ 16,820 $ 24,478