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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities    
Net loss $ (10,510) $ (8,610)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, depletion and amortization 13,736 15,627
Gain on sales of property and equipment (600) (811)
Stock-based compensation 5,985 3,163
Equity in net income from unconsolidated joint ventures (8,538) (11,271)
Changes in assets and liabilities:    
Receivables 33,358 36,662
Costs and estimated earnings in excess of billings, net (21,793) (29,366)
Inventories (3,891) 4,284
Contributions to unconsolidated construction joint ventures (2,715) (20,000)
Distributions from unconsolidated construction joint ventures 4,512 21,170
Other assets, net (12,448) (3,319)
Accounts payable (22,081) (28,609)
Accrued expenses and other current liabilities, net 14,551 14,162
Net cash used in operating activities (10,434) (6,918)
Investing Activities    
Purchases of marketable securities (19,948) (9,988)
Maturities of marketable securities 5,000 10,000
Proceeds from called marketable securities 5,000 5,000
Purchases of property and equipment (24,565) (7,607)
Proceeds from sales of property and equipment 772 1,089
Other investing activities, net (274) 383
Net cash used in investing activities (34,015) (1,123)
Financing Activities    
Long-term debt principal repayments (1,250) (306)
Cash dividends paid (5,124) (5,094)
Repurchases of common stock (4,459) (3,191)
Other financing activities, net 744 74
Net cash used in financing activities (10,089) (8,517)
Decrease in cash and cash equivalents (54,538) (16,558)
Cash and cash equivalents at beginning of period 252,836 255,961
Cash and cash equivalents at end of period 198,298 239,403
Cash paid during the period for:    
Interest 588 612
Income taxes 6,138 202
Other non-cash operating activities:    
Performance guarantees 11,870 4,736
Non-cash investing and financing activities:    
Restricted stock units issued, net of forfeitures 20,164 5,281
Accrued cash dividends 5,143 5,115
Accrued equipment purchases $ (3,725) $ 2,313