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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net income $ 66,200 $ 68,248 $ 35,876
Adjustments to reconcile net income to net cash provided by operating activities:      
Non-cash restructuring and impairment gains (1,000) (1,044) (2,643)
Depreciation, depletion and amortization 64,375 64,309 68,252
Gain on sales of property and equipment (8,358) (8,286) (15,972)
Change in deferred income taxes 9,842 28,258 14,907
Stock-based compensation 13,383 8,763 11,160
Equity in net income from unconsolidated joint ventures (15,614) (43,374) (49,168)
Gain on real estate entity (2,452) 0 0
Net Income from affiliates (7,177) (3,210) (901)
Changes in assets and liabilities:      
Receivables (75,756) (32,877) 3,549
Costs and estimated earnings in excess of billings, net 2,100 (22,374) (13,856)
Inventories 308 13,367 (6,446)
Contributions to unconsolidated construction joint ventures (11,795) (69,313) (37,097)
Distributions from unconsolidated construction joint ventures 19,344 53,367 67,255
Prepaid and other assets, net (11,421) (1,078) 5,519
Accounts payable 37,731 8,363 (12,669)
Accrued expenses and other current liabilities (6,564) 3,859 (24,624)
Net cash provided by operating activities 73,146 66,978 43,142
Investing activities      
Purchases of marketable securities (129,685) (104,971) (64,975)
Maturities of marketable securities 50,000 29,260 45,000
Proceeds from called marketable securities 55,000 75,000 35,000
Purchases of property and equipment ($17.8 million, $0 and $3.6 million related to CCJVs) (90,970) (44,179) (43,428)
Proceeds from sales of property and equipment 12,946 13,148 28,614
Distributions from affiliates 2,233 305 494
Collection of notes receivable 4,331 943 468
Other investing activities, net (245) (213) (393)
Net cash (used in) provided by investing activities (96,390) (30,707) 780
Financing activities      
Proceeds from long-term debt 30,000 30,000 0
Debt principal payments (45,025) (46,763) (1,226)
Cash dividends paid (20,563) (20,445) (20,319)
Purchases of common stock (5,227) (3,777) (5,124)
Contributions from non-controlling partners 5,250 7,462 15,835
Distributions to non-controlling partners (5,258) (6,992) (8,066)
Other financing activities 557 1,119 1,818
Net cash used in financing activities (40,266) (39,396) (17,082)
(Decrease) increase in cash and cash equivalents (63,510) (3,125) 26,840
Cash and cash equivalents at beginning of year 252,836 255,961 229,121
Cash and cash equivalents at end of year 189,326 252,836 255,961
Cash paid during the period for:      
Interest 13,392 14,601 14,666
Income taxes 29,872 4,298 2,326
Other non-cash activities:      
Performance guarantees 17,596 (10,306) 21,332
Non-cash investing and financing activities:      
Restricted stock units issued, net of forfeitures (See Note 13) 21,101 6,220 6,514
Accrued cash dividends 5,151 5,124 5,094
Accrued equipment purchases (3,865) 2,891 (3,704)
Joint Venture Consolidated [Member]      
Changes in assets and liabilities:      
Net cash provided by operating activities 37,800 16,400 22,500
Joint Venture Consolidated [Member] | Consolidated Construction Joint Venture [Member]      
Investing activities      
Purchases of property and equipment ($17.8 million, $0 and $3.6 million related to CCJVs) 17,800 0 $ 3,600
Financing activities      
Cash and cash equivalents at beginning of year 46,210    
Cash and cash equivalents at end of year $ 73,115 $ 46,210