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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES    
Net income $ 4,888 $ 9,954
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 25,409 25,352
Amortization of intangibles 1,128 1,134
Pension settlement expense 1,356 654
Share-based compensation expense 2,058 1,870
Provision for losses on accounts receivable 112 445
Deferred income tax benefit (584) (2,749)
Gain on sale of property and equipment (43) (221)
Changes in operating assets and liabilities:    
Receivables 3,931 (10,260)
Prepaid expenses (5,760) (2,587)
Other assets 4,589 2,732
Income taxes (4,313) 1,938
Multiemployer pension fund withdrawal liability (143)  
Accounts payable, accrued expenses, and other liabilities (35,999) 3,513
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (3,371) 31,775
INVESTING ACTIVITIES    
Purchases of property, plant and equipment, net of financings (15,543) (7,177)
Proceeds from sale of property and equipment 1,039 1,050
Purchases of short-term investments (13,790) (4,410)
Proceeds from sale of short-term investments 4,998 6,245
Capitalization of internally developed software (2,656) (2,164)
NET CASH USED IN INVESTING ACTIVITIES (25,952) (6,456)
FINANCING ACTIVITIES    
Payments on long-term debt (15,217) (16,558)
Net change in book overdrafts (2,524) (2,572)
Payment of common stock dividends (2,052) (2,058)
Purchases of treasury stock (2,663) (201)
Payments for tax withheld on share-based compensation (8) (50)
NET CASH USED IN FINANCING ACTIVITIES (22,464) (21,439)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (51,787) 3,880
Cash and cash equivalents at beginning of period 190,186 120,772
CASH AND CASH EQUIVALENTS CASH AT END OF PERIOD 138,399 124,652
NONCASH INVESTING ACTIVITIES    
Equipment financed   121
Accruals for equipment received 2,878 $ 883
Lease liabilities arising from obtaining right-of-use assets $ 18,144