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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 11,722 $ 15,678 $ 123,088
Adjustments to reconcile net income to net cash provided by continuing operating activities:      
Income from discontinued operations, net 0 (6,856) (122,129)
Depreciation, depletion and amortization 6,050 6,158 8,209
Deferred income taxes 5,995 22,130 1,999
Equity in loss of joint ventures 5,690 1,954 88
Gain on sale of equipment and property (9,184) (674) (82)
Stock-based compensation 1,372 232 1,662
Realized (gain) loss on available for sale investments (298) (949) 1,195
Deferred debt issuance cost write-off 902 0 0
Net changes in operating assets and liabilities:      
Accounts receivable (377) 18 51
Deferred costs and other assets 27 (1,072) (234)
Accounts payable and accrued liabilities 956 (350) 1,384
Income taxes payable and receivable (5,125) 10,358 (6,892)
Other long-term liabilities 883 2,138 (1,945)
Net cash provided by operating activities of continuing operations 18,613 48,765 6,394
Net cash used in operating activities of discontinued operations 0 (1,742) (43,580)
Net cash provided by (used in) operating activities 18,613 47,023 (37,186)
Cash flows from investing activities:      
Investments in properties (17,544) (10,434) (7,294)
Investments in joint ventures (12,315) (73,529) (71,007)
Purchases of investments available for sale (24,584) (86,261) (446,974)
Proceeds from sales of investments available for sale 85,735 116,434 279,553
Cash held in escrow (10) 16 131
Proceeds from sale of assets 19,245 8,422 447
Net cash provided by (used in) investing activities of continuing operations 50,527 (45,352) (245,144)
Net cash provided by investing activities of discontinued operations 0 11,533 336,089
Net cash provided by (used in) investing activities 50,527 (33,819) 90,945
Cash flows from financing activities:      
Distribution to noncontrolling interest (765) (1,392) (1,020)
Repayment of long-term debt 0 0 (1,552)
Repurchase of Company Stock (21,312) (8,210) (5,733)
Exercise of employee stock options 239 458 1,415
Net cash used in financing activities of continuing operations (21,838) (9,144) (6,890)
Net cash used in financing activities of discontinued operations 0 0 (28,846)
Net cash used in financing activities (21,838) (9,144) (35,736)
Net increase in cash and cash equivalents 47,302 4,060 18,023
Cash and cash equivalents at beginning of year 26,607 22,547 4,524
Cash and cash equivalents at end of the year 73,909 26,607 22,547
Supplemental disclosures of cash flow information:      
Cash paid during the year for interest, net of capitalized amounts 960 914 2,851
Cash paid (refunded) during the year for Income taxes $ 2,244 $ (26,380) $ 50,427