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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net income (loss) $ 9,415 $ (49,618)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation, depletion and amortization 58,468 41,528
Amortization related to long-term debt 2,334 988
Loss on debt extinguishment 27,824 51,052
Gain on sales of property and equipment, net (2,805) (5,981)
Stock-based compensation 15,084 6,702
Equity in net (income) loss from unconsolidated construction joint ventures (752) 4,005
Net income from affiliates (8,527) (12,231)
Other non-cash adjustments (348) (7)
Changes in assets and liabilities:    
Receivables (109,787) (171,469)
Contract assets, net (28,028) (46,469)
Inventories (15,172) (3,439)
Contributions to unconsolidated construction joint ventures (2,000) (14,710)
Distributions from unconsolidated construction joint ventures and affiliates 15,861 6,246
Other assets, net 16,461 (6,464)
Accounts payable 50,680 51,552
Accrued expenses and other liabilities, net (6,624) 29,367
Net cash provided by (used in) operating activities 22,084 (118,948)
Investing activities    
Maturities of marketable securities 25,000 30,000
Purchases of property and equipment (66,861) (79,689)
Proceeds from sales of property and equipment 4,229 10,564
Proceeds from company owned life insurance 0 1,545
Return of investment in affiliates 693 0
Cash paid for purchase price adjustments on business acquisition (See Note 3) (13,183) 0
Acquisition of business 0 (26,933)
Collection of notes receivable 0 135
Net cash used in investing activities (50,122) (64,378)
Financing activities    
Proceeds from issuance of convertible notes (See Note 14) 373,750 373,750
Amount drawn under revolver 0 55,000
Debt principal repayments (309,808) (249,589)
Capped call transactions (46,046) (53,035)
Redemption of warrants 586  
Redemption of warrants   (13,201)
Debt issuance costs (9,654) (9,806)
Cash dividends paid (11,452) (11,391)
Repurchases of common stock (21,144) (3,766)
Contributions from non-controlling partners 17,000 22,400
Distributions to non-controlling partners (16,372) (6,850)
Other financing activities, net 261 269
Net cash provided by (used in) financing activities (22,879) 103,781
Net decrease in cash and cash equivalents (50,917) (79,545)
Cash and cash equivalents at beginning of period 417,663 293,991
Cash and cash equivalents at end of period 366,746 214,446
Supplementary Information    
Right of use assets obtained in exchange for lease obligations 10,849 19,558
Operating lease liabilities 11,197 11,351
Interest 12,444 5,531
Income taxes 2,940 4,851
Deferred taxes related to capped call transactions 11,857 13,656
Non-cash investing and financing activities:    
RSUs issued, net of forfeitures 19,992 10,981
Dividends declared but not paid 5,679 5,709
Contributions from non-controlling partners $ 1,959 $ 1,822