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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net income (loss) $ 68,248 $ 35,876 $ (44,766)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Non-cash restructuring and impairment (gains) charges, net (1,044) (2,643) 44,734
Depreciation, depletion and amortization 64,309 68,252 72,899
Gain on sales of property and equipment 8,286 15,972 12,130
Change in deferred income taxes 28,258 14,907 (19,557)
Stock-based compensation 8,763 11,160 13,443
Equity in net income from unconsolidated joint ventures (43,374) (49,168) (72,764)
Changes in assets and liabilities:      
Receivables (32,877) 3,549 12,236
Costs and estimated earnings in excess of billings, net (22,374) (13,856) (507)
Inventories 13,367 (6,446) (2,689)
Contributions to unconsolidated construction joint ventures (69,313) (37,097) (40,758)
Distributions from unconsolidated construction joint ventures 53,367 67,255 110,347
Other assets, net (4,288) 4,618 3,961
Accounts payable 8,363 (12,669) (34,048)
Accrued expenses and other current liabilities, net 3,859 (24,624) (25,021)
Net cash provided by operating activities 66,978 43,142 5,380
Investing activities      
Purchases of marketable securities (104,971) (64,975) (74,924)
Maturities of marketable securities 29,260 45,000 63,650
Proceeds from sale of marketable securities 75,000 35,000 5,000
Purchases of property and equipment (44,179) (43,428) (43,682)
Proceeds from sales of property and equipment 13,148 28,614 25,759
Final consideration for Kenny acquisition 0 0 (8,382)
Other investing activities, net 1,035 569 931
Net cash used in investing activities (30,707) 780 (31,648)
Financing activities      
Proceeds from long-term debt 30,000 0 0
Debt principal payments (46,763) (1,226) (12,148)
Cash dividends paid (20,445) (20,319) (20,210)
Purchase of common stock (3,777) (5,124) (5,896)
Contributions from non-controlling partners 7,462 15,835 5,117
Distributions to non-controlling partners (6,992) (8,066) (34,600)
Other financing activities, net 1,119 1,818 1,136
Net cash used in financing activities (39,396) (17,082) (66,601)
(Decrease) increase in cash and cash equivalents (3,125) 26,840 (92,869)
Cash and cash equivalents at beginning of year 255,961 229,121 321,990
Cash and cash equivalents at end of year 252,836 255,961 229,121
Cash paid during the period for:      
Interest 14,601 14,666 14,622
Income taxes 4,298 2,326 4,119
Other non-cash activities:      
Performance guarantees (10,306) 21,332 (23,765)
Non-cash investing and financing activities:      
Restricted stock units issued, net of forfeitures (See Note 14) 6,220 6,514 13,775
Accrued cash dividends 5,124 5,094 5,059
Accrued equipment purchases $ 2,891 $ (3,704) $ 1,525