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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net loss $ (9,662) $ (23,851)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation, depletion and amortization 15,511 14,649
Gain on sales of property and equipment (543) (270)
Stock-based compensation 7,772 8,913
Equity in net income from unconsolidated joint ventures (2,637) (1,456)
Changes in assets and liabilities:    
Receivables 58,527 68,272
Costs and estimated earnings in excess of billings, net 0 (25,581)
Contract assets, net (47,777) 0
Inventories (8,798) (3,536)
Contributions to unconsolidated construction joint ventures (26,067) (813)
Distributions from unconsolidated construction joint ventures 4,036 16,179
Other assets, net (6,136) (18,465)
Accounts payable (12,838) (28,161)
Accrued expenses and other current liabilities, net (9,008) 7,456
Net cash (used in) provided by operating activities (37,620) 13,336
Investing activities    
Purchases of marketable securities (9,952) (29,910)
Maturities of marketable securities 35,000 30,000
Purchases of property and equipment ($0 and $6,207 related to CCJVs) (15,967) (21,372)
Proceeds from sales of property and equipment 675 1,060
Other investing activities, net 345 67
Net cash provided by (used in) investing activities 10,101 (20,155)
Financing activities    
Long-term debt principal repayments (1,250) (1,250)
Cash dividends paid (5,183) (5,151)
Repurchases of common stock (6,119) (6,448)
Other financing activities, net (59) (157)
Net cash used in financing activities (12,611) (13,006)
Decrease in cash and cash equivalents (40,130) (19,825)
Cash and cash equivalents at beginning of period 233,711 189,326
Cash and cash equivalents at end of period 193,581 169,501
Cash paid during the period for:    
Interest 1,509 1,242
Income taxes 149 1,897
Non-cash investing and financing activities:    
Restricted stock units issued, net of forfeitures 12,257 11,109
Accrued cash dividends 5,206 5,176
Accrued equipment purchases (1,418) 749
Consolidated Construction Joint Venture | Joint Venture Consolidated    
Investing activities    
Purchases of property and equipment ($0 and $6,207 related to CCJVs) 0 6,207
Financing activities    
Cash and cash equivalents at beginning of period 94,359  
Cash and cash equivalents at end of period $ 91,903 $ 60,406