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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 10,747 $ 13,344
Adjustments to reconcile net income to net cash provided by operating activities:    
Income from discontinued operations, net 0 (6,849)
Deferred income taxes 2,421 23,123
Depreciation, depletion and amortization 4,572 4,635
Equity in loss of joint ventures 3,773 1,282
Gain on sale of equipment and property (9,343) (657)
Stock-based compensation 1,241 206
Realized gain on available for sale investments (297) (591)
Net changes in operating assets and liabilities:    
Accounts receivable (377) (355)
Deferred costs and other assets (178) (922)
Accounts payable and accrued liabilities 440 (1,252)
Income taxes payable and receivable (340) (17,335)
Other long-term liabilities 694 2,148
Net cash provided by operating activities of continuing operations 13,353 16,777
Net cash used in operating activities of discontinued operations 0 (1,756)
Net cash provided by operating activities 13,353 15,021
Cash flows from investing activities:    
Investments in properties (3,200) (9,360)
Investments in joint ventures (10,911) (16,226)
Purchases of investments available for sale (24,584) (36,941)
Proceeds from sales of investments available for sale 57,240 89,260
Proceeds from the sale of assets 19,257 8,405
Cash held in escrow (15,073) (6,532)
Net cash provided by investing activities of continuing operations 22,729 28,606
Net cash provided by investing activities of discontinued operations 0 11,525
Net cash provided by investing activities 22,729 40,131
Cash flows from financing activities:    
Distribution to noncontrolling interest (713) (1,086)
Repurchase of Company Stock (15,687) (7,714)
Exercise of employee stock options 0 347
Net cash used in financing activities of continuing operations (16,400) (8,453)
Net cash used in financing activities of discontinued operations 0 0
Net cash used in financing activities (16,400) (8,453)
Net increase in cash and cash equivalents 19,682 46,699
Cash and cash equivalents at beginning of year 26,607 22,547
Cash and cash equivalents at end of the period $ 46,289 $ 66,246