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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net loss $ (23,851) $ (9,763)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation, depletion and amortization 14,649 13,736
Gain on sales of property and equipment (270) (600)
Stock-based compensation 8,913 5,985
Equity in net income from unconsolidated joint ventures (1,456) (8,538)
Changes in assets and liabilities:    
Receivables 68,272 33,358
Costs and estimated earnings in excess of billings, net (25,581) (21,793)
Inventories (3,536) (3,891)
Contributions to unconsolidated construction joint ventures (813) (2,715)
Distributions from unconsolidated construction joint ventures 16,179 4,512
Other assets, net (18,465) (12,448)
Accounts payable (28,161) (22,081)
Accrued expenses and other current liabilities, net 7,456 13,804
Net cash provided by (used in) operating activities 13,336 (10,434)
Investing Activities    
Purchases of marketable securities (29,910) (19,948)
Maturities of marketable securities 30,000 5,000
Proceeds from called marketable securities 0 5,000
Purchases of property and equipment ($6,207 and $8,066 related to CCJVs) (21,372) (24,565)
Proceeds from sales of property and equipment 1,060 772
Other investing activities, net 67 (274)
Net cash used in investing activities (20,155) (34,015)
Financing Activities    
Long-term debt principal repayments (1,250) (1,250)
Cash dividends paid (5,151) (5,124)
Repurchases of common stock (6,448) (4,459)
Other financing activities, net (157) 744
Net cash used in financing activities (13,006) (10,089)
Decrease in cash and cash equivalents (19,825) (54,538)
Cash and cash equivalents at beginning of period 189,326 252,836
Cash and cash equivalents at end of period 169,501 198,298
Cash paid during the period for:    
Interest 1,242 558
Income taxes 1,897 6,138
Other non-cash operating activities:    
Performance guarantees 0 11,870
Non-cash investing and financing activities:    
Restricted stock units issued, net of forfeitures 11,109 20,164
Accrued cash dividends 5,176 5,143
Accrued equipment purchases 749 (3,725)
Consolidated Construction Joint Venture | Joint Venture Consolidated    
Investing Activities    
Purchases of property and equipment ($6,207 and $8,066 related to CCJVs) 6,207 8,066
Financing Activities    
Cash and cash equivalents at beginning of period 73,115  
Cash and cash equivalents at end of period $ 60,406 $ 46,993