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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net (loss) income $ (166,181) $ (56,702) $ 11,536
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation, depletion and amortization 112,958 121,993 111,544
Amortization related to the 2.75% Convertible Notes (See Note 14) 8,693 1,425 0
Gain on sales of property and equipment, net (6,930) (18,703) (4,910)
Deferred income taxes 8,817 (22,924) 12,110
Stock-based compensation 6,377 10,213 14,784
Equity in net loss from unconsolidated joint ventures 51,486 120,632 44,689
Net income from affiliates (8,783) (11,454) (6,935)
Non-cash impairment charges (see Notes 10 and 12) 156,690 0 0
Other non-cash adjustments 1,729 4,020 4,916
Changes in assets and liabilities, net of the effect of an acquisition in 2019 and 2018:      
Receivables 6,840 (58,947) (9,247)
Contract assets, net 123,670 (40,084) 11,384
Inventories 5,136 380 (2,120)
Contributions to unconsolidated construction joint ventures (50,878) (83,765) (104,333)
Distributions from unconsolidated construction joint ventures and affiliates 11,065 19,064 16,922
Other assets, net (1,035) (3,928) 21,619
Accounts payable (40,999) 140,027 (21,456)
Accrued expenses and other current liabilities, net 49,805 (9,809) (14,113)
Net cash provided by operating activities 268,460 111,438 86,390
Investing activities      
Purchases of marketable securities (9,996) 0 (9,952)
Maturities of marketable securities 10,000 30,000 75,000
Proceeds from called marketable securities 24,996 0 0
Purchases of property and equipment (93,253) (106,828) (111,101)
Proceeds from sales of property and equipment 16,702 37,091 16,238
Cash paid to purchase business 0 (6,227) (55,027)
Proceeds from the sale of an investment and business, respectively 5,000 0 47,812
Other investing activities, net 5,289 5,642 (2,568)
Net cash used in investing activities (41,262) (40,322) (39,598)
Financing activities      
Proceeds from debt 50,000 105,574 203,250
Proceeds from issuance of 2.75% Convertible Notes, net 0 230,000 0
Proceeds from issuance of warrants, net 0 11,500 0
Purchase of Hedge Option, net 0 (37,375) 0
Debt principal repayments (83,433) (313,150) (153,924)
Cash dividends paid (23,712) (24,316) (22,424)
Repurchases of common stock (885) (36,900) (16,557)
Contributions from non-controlling partners 11,875 68 200
Distributions to non-controlling partners (11,810) (12,235) (13,275)
Debt issuance costs 0 (6,507) 0
Other financing activities, net 307 1,704 856
Net cash used in financing activities (57,658) (81,637) (1,874)
Net increase (decrease) in cash, cash equivalents and restricted cash 169,540 (10,521) 44,918
Cash, cash equivalents and $5,835, $5,825 and $0 in restricted cash at beginning of period 268,108 278,629 233,711
Cash, cash equivalents and $1,512, $5,835 and $5,825 in restricted cash at end of period 437,648 268,108 278,629
Supplementary Information      
Right of use assets obtained in exchange for lease obligations 10,000 25,360 0
Cash paid for operating lease liabilities 21,654 18,660 0
Cash paid during the period for:      
Interest 18,753 17,322 14,864
Income taxes 2,805 11,898 19,069
Other non-cash operating activities:      
Performance guarantees 350 (6,284) 0
Non-cash investing and financing activities:      
Reclassification of the equity portion of the 2.75% Convertible Notes from debt to equity (See Note 14) 0 37,375 0
RSUs issued, net of forfeitures 4,449 8,596 13,728
Accrued cash dividends 5,937 5,915 6,068
Common stock issued in acquisition 0 0 321,019
Common stock issued in conversion of 8.0% Convertible Notes 0 0 53,086
Premium on 8.0% Convertible Notes $ 0 $ 0 $ 30,702