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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net (loss) income $ (7,579) $ 8,763
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation, depletion and amortization 31,148 29,502
Gain on sales of property and equipment (1,077) (1,966)
Stock-based compensation 11,224 8,563
Equity in net loss (income) from unconsolidated joint ventures 8,249 (5,688)
Gain on real estate entity 0 (2,452)
Changes in assets and liabilities:    
Receivables (64,864) (87,286)
Costs and estimated earnings in excess of billings, net (28,284) (30,645)
Inventories (10,250) (9,158)
Contributions to unconsolidated construction joint ventures (750) (8,018)
Distributions from unconsolidated construction joint ventures 32,494 5,445
Other assets, net (9,212) (7,544)
Accounts payable 52,417 47,529
Accrued expenses and other current liabilities, net 9,170 (158)
Net cash provided by (used in) operating activities 22,686 (53,113)
Investing Activities    
Purchases of marketable securities (49,816) (29,894)
Maturities of marketable securities 70,000 20,000
Proceeds from called marketable securities 0 35,000
Purchases of property and equipment ($7,492 and $9,044 related to CCJVs) (37,518) (48,837)
Proceeds from sales of property and equipment 2,585 2,510
Other investing activities, net 23 (128)
Net cash used in investing activities (14,726) (21,349)
Financing Activities    
Long-term debt principal repayments (2,500) (2,500)
Cash dividends paid (10,327) (10,267)
Repurchases of common stock (6,568) (4,845)
Other financing activities, net 177 456
Net cash used in financing activities (19,218) (17,156)
Decrease in cash and cash equivalents (11,258) (91,618)
Cash and cash equivalents at beginning of period 189,326 252,836
Cash and cash equivalents at end of period 178,068 161,218
Cash paid during the period for:    
Interest 5,957 6,911
Income taxes 2,554 6,438
Other non-cash operating activities:    
Performance guarantees 5,761 11,247
Non-cash investing and financing activities:    
Restricted stock units issued, net of forfeitures 11,254 21,013
Accrued cash dividends 5,179 5,148
Accrued equipment purchases (1,271) (5,823)
Consolidated Construction Joint Venture | Joint Venture Consolidated    
Changes in assets and liabilities:    
Net cash provided by (used in) operating activities 19,200 12,800
Investing Activities    
Purchases of property and equipment ($7,492 and $9,044 related to CCJVs) 7,492 9,044
Financing Activities    
Cash and cash equivalents at beginning of period 73,115  
Cash and cash equivalents at end of period $ 80,195 $ 50,065