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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 11,455 $ 120,615
Adjustments to reconcile net income to net cash provided by operating activities:    
Income from discontinued operations, net (6,862) (122,187)
Deferred income taxes 22,458 (4,728)
Depreciation, depletion and amortization 3,082 4,719
Equity in loss of joint ventures 536 23
Gain on sale of equipment and property (531) (12)
Stock-based compensation 57 1,152
Realized gain on available for sale investments (447) 0
Net changes in operating assets and liabilities:    
Accounts receivable (219) (33)
Deferred costs and other assets (1,092) (660)
Accounts payable and accrued liabilities (670) 910
Income taxes payable and receivable (17,352) 3,690
Other long-term liabilities 187 (239)
Net cash provided by operating activities of continuing operations 10,602 3,250
Net cash (used in) provided by operating activities of discontinued operations (2,441) 3,765
Net cash provided by operating activities 8,161 7,015
Cash flows from investing activities:    
Investments in properties (8,176) (1,419)
Investments in joint ventures (6,592) (4,671)
Purchases of investments available for sale (33,846) 0
Proceeds from sales of investments available for sale 79,937 0
Proceeds from the sale of assets 8,153 12
Cash held in escrow (19,864) (278,240)
Net cash provided by (used in) investing activities of continuing operations 19,612 (284,318)
Net cash provided by investing activities of discontinued operations 11,526 335,996
Net cash provided by investing activities 31,138 51,678
Cash flows from financing activities:    
Distribution to noncontrolling interest (510) (510)
Repayment of long-term debt 0 (1,552)
Repurchase of Company Stock (5,312) 0
Exercise of employee stock options 145 540
Net cash used in financing activities of continuing operations (5,677) (1,522)
Net cash used in financing activities of discontinued operations 0 (28,846)
Net cash used in financing activities (5,677) (30,368)
Net increase in cash and cash equivalents 33,622 28,325
Cash and cash equivalents at beginning of year 22,547 4,524
Cash and cash equivalents at end of the period $ 56,169 $ 32,849