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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Write off of Deferred Debt Issuance Cost $ 1,183 $ 2,764
Withholding taxes paid for conversion of employee stock awards 1,197 1,115
OPERATING ACTIVITIES:    
Net earnings from continuing operations 42,290 133,733
Net earnings from discontinued operations 0 3,772
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 79,719 77,001
Pension and post-retirement 1,811 972
Deferred income taxes 12,575 7,947
Amortization of stock-based compensation 1,750 1,821
Net gain on financial instruments (2,500) 10,900
Changes in assets and liabilities:    
Accounts receivable (1,604) (4,123)
Inventory and prepaid supplies 751 (4,543)
Accounts payable 18,314 6,169
Unearned revenue (3,687) 3,604
Accrued expenses, salaries, wages, benefits and other liabilities (11,696) (17,742)
Pension and post-retirement balances (7,412) (5,483)
Other (75) 186
NET CASH PROVIDED BY OPERATING ACTIVITIES 124,447 99,034
INVESTING ACTIVITIES:    
Expenditures for property and equipment (125,441) (143,495)
Proceeds from property and equipment 44 32
Investment in nonconsolidated affiliate (1,697) (3,049)
NET CASH USED IN INVESTING ACTIVITIES (127,094) (146,512)
FINANCING ACTIVITIES:    
Principal payments on long term obligations (124,065) (499,064)
Proceeds from borrowings 140,000 80,000
Payments for financing costs (151) (7,481)
Proceeds from Issuance of Unsecured Debt 0 500,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 14,587 72,340
NET INCREASE IN CASH AND CASH EQUIVALENTS 11,940 24,862
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 39,719 46,201
CASH AND CASH EQUIVALENTS AT END OF PERIOD 51,659 71,063
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid, net of amount capitalized 16,582 8,864
Federal and state income taxes paid 123 48
SUPPLEMENTAL NON-CASH INFORMATION:    
Accrued expenditures for property and equipment 24,253 27,914
Net (gain) loss on financial instruments $ 9,472 $ 107,044