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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities    
Net loss $ (15,743) $ (7,579)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation, depletion and amortization 43,547 31,148
Gain on sales of property and equipment (2,048) (1,077)
Stock-based compensation 10,193 11,224
Equity in net loss from unconsolidated joint ventures 13,418 8,249
Net income from affiliates (3,758) (2,175)
Changes in assets and liabilities, net of the effects of acquisitions in 2018:    
Receivables (24,821) (64,864)
Costs and estimated earnings in excess of billings, net 0 (28,284)
Contract assets, net (76,166) 0
Inventories (9,526) (10,250)
Contributions to unconsolidated construction joint ventures (55,733) (750)
Distributions from unconsolidated construction joint ventures 11,201 32,494
Other assets, net 4,192 (7,037)
Accounts payable 24,559 52,417
Accrued expenses and other current liabilities, net 5,240 9,170
Net cash (used in) provided by operating activities (75,445) 22,686
Investing activities    
Purchases of marketable securities (9,952) (49,816)
Maturities of marketable securities 60,000 70,000
Purchases of property and equipment ($11,369 and $7,492 related to CCJVs) (36,471) (37,518)
Proceeds from sales of property and equipment 2,704 2,585
Cash paid to purchase businesses, net of cash and restricted cash acquired (55,030) 0
Other investing activities, net 269 23
Net cash used in investing activities (38,480) (14,726)
Financing activities    
Proceeds from long term debt 105,250 0
Long-term debt principal repayments (1,250) (2,500)
Cash dividends paid (10,389) (10,327)
Repurchases of common stock (6,165) (6,568)
Distributions to non-controlling partners (6,400) 0
Other financing activities, net 429 177
Net cash provided by (used in) financing activities 81,475 (19,218)
Net decrease in cash, cash equivalents and restricted cash (32,450) (11,258)
Cash and cash equivalents at beginning of period 233,711 189,326
Cash, cash equivalents and restricted cash of $5,746 at end of period 201,261 178,068
Cash paid during the period for:    
Interest 6,134 5,957
Income taxes 7,246 2,554
Other non-cash operating activities:    
Performance guarantees 0 5,761
Non-cash investing and financing activities:    
Common stock issued in acquisition 321,075 0
Premium on 8.0% Convertible Notes 30,702 0
Restricted stock units issued, net of forfeitures 13,022 11,254
Accrued cash dividends $ 5,940 $ 5,179