XML 44 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating Activities    
Net loss $ (4,200) $ (1,083)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, depletion and amortization 29,573 30,464
Non-cash restructuring, net (1,888) 661
Other non-cash impairment charges 2,752 0
Gain on sales of property and equipment (4,871) (5,974)
Stock-based compensation 6,492 5,913
Changes in assets and liabilities, net of the effects of consolidations:    
Receivables (20,771) (36,910)
Costs and estimated earnings in excess of billings, net (47,201) (39,391)
Inventories (16,528) (13,709)
Real estate held for development and sale 722 (1,820)
Equity in construction joint ventures (6,792) (12,937)
Other assets, net 15,031 5,353
Accounts payable 27,632 49,964
Accrued expenses and other current liabilities, net (14,575) 2,733
Net cash used in operating activities (34,624) (16,736)
Investing Activities    
Purchases of marketable securities (39,945) (65,287)
Maturities of marketable securities 65,100 58,375
Proceeds from sale of marketable securities 35,000 19,268
Additions to property and equipment (19,855) (27,542)
Proceeds from sales of property and equipment 6,078 10,266
Other investing activities, net (978) 120
Net cash provided by (used in) investing activities 45,400 (4,800)
Financing Activities    
Long-term debt principal payments (10,834) (16,151)
Cash dividends paid (10,050) (10,061)
Purchase of common stock (4,054) (3,662)
Distributions to noncontrolling partners, net (5,440) (11,616)
Other financing activities, net 563 1,073
Net cash used in financing activities (29,815) (40,417)
Decrease in cash and cash equivalents (19,039) (61,953)
Cash and cash equivalents at beginning of period 256,990 252,022
Cash and cash equivalents at end of period 237,951 190,069
Cash paid during the period for:    
Interest 7,158 8,812
Income taxes 771 240
Non-cash investing and financing activities:    
Restricted stock/units issued, net of forfeitures 11,417 4,598
Accrued cash dividends 5,029 5,027
Debt payments out of escrow from sale of assets 1,109 3,277
Debt extinguishment from joint venture interest transfer 9,115 0
Debt payment from refinance $ 1,150 $ 0