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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net (loss) income $ (56,702) $ 11,536 $ 42,457
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation, depletion and amortization 123,418 111,544 66,345
Gain on sales of property and equipment, net (18,703) (4,910) (4,182)
Change in deferred income taxes (22,924) 12,110 (2,739)
Stock-based compensation 10,213 14,784 15,764
Equity in net loss from unconsolidated joint ventures 120,632 44,689 45,856
Net income from affiliates (11,454) (6,935) (7,107)
Other non-cash adjustments 4,020 4,916 (939)
Changes in assets and liabilities, net of the effects of acquisitions in 2019 and 2018:      
Receivables (58,947) (9,247) (65,750)
Costs and estimated earnings in excess of billings, net 0 0 (21,607)
Contract assets, net (40,084) 11,384 0
Inventories 380 (2,120) (7,252)
Contributions to unconsolidated construction joint ventures (83,765) (104,333) (16,937)
Distributions from unconsolidated construction joint ventures and affiliates 19,064 16,922 39,955
Other assets, net (3,928) 21,619 13,586
Accounts payable 140,027 (21,456) 37,692
Accrued expenses and other current liabilities, net (9,809) (14,113) 11,053
Net cash provided by operating activities 111,438 86,390 146,195
Investing activities      
Purchases of marketable securities 0 (9,952) (124,543)
Maturities of marketable securities 30,000 75,000 120,000
Purchases of property and equipment (106,828) (111,101) (67,695)
Proceeds from sales of property and equipment 37,091 16,238 10,202
Cash paid to purchase businesses, net of cash and restricted cash acquired (6,227) (55,027) 0
Proceeds from the sale of a business 0 47,812 0
Other investing activities, net 5,642 (2,568) 2,850
Net cash used in investing activities (40,322) (39,598) (59,186)
Financing activities      
Proceeds from issuance of debt 105,574 203,250 25,000
Proceeds from issuance of 2.75% Convertible Notes, net (See Note 15) 230,000 0 0
Proceeds from issuance of common stock warrants, net (See Note 15) 11,500 0 0
Purchase of Hedge Option, net (See Note 15) (37,375) 0 0
Debt principal repayments (313,150) (153,924) (45,000)
Cash dividends paid (24,316) (22,424) (20,687)
Repurchases of common stock (36,900) (16,557) (6,977)
Contributions from non-controlling partners 68 200 11,500
Distributions to non-controlling partners (12,235) (13,275) (7,109)
Debt issuance costs (6,507) 0 0
Other financing activities, net 1,704 856 649
Net cash used in financing activities (81,637) (1,874) (42,624)
Net (decrease) increase in cash, cash equivalents and restricted cash (10,521) 44,918 44,385
Cash, cash equivalents and restricted cash, beginning of period 278,629 233,711 189,326
Total cash, cash equivalents and restricted cash, end of period 268,108 278,629 233,711
Supplementary Information      
Right of use assets obtained in exchange for lease obligations 25,360 0 0
Cash paid for operating lease liabilities 18,660 0 0
Cash paid during the period for:      
Interest 17,322 14,864 11,446
Income taxes 11,898 19,069 33,948
Other non-cash operating activities:      
Performance guarantees (6,284) 0 5,497
Non-cash investing and financing activities:      
Reclassification of the equity portion of the 2.75% Convertible Notes from debt to equity (See Note 15) 37,375    
RSUs issued, net of forfeitures (See Note 18) 8,596 13,728 11,505
Accrued cash dividends 5,915 6,068 5,183
Common stock issued in acquisition 0 321,019 0
Common stock issued in conversion of 8.0% Convertible Notes 0 53,086 0
Premium on 8.0% Convertible Notes $ 0 $ 30,702 $ 0