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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net income $ 52,018 $ 9,415
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 65,368 58,468
Amortization related to long-term debt 2,163 2,334
Non-cash loss on debt extinguishment 0 27,824
Gain on sales of property and equipment, net (5,343) (2,805)
Stock-based compensation 34,632 15,084
Equity in net income from unconsolidated construction joint ventures (3,814) (752)
Net income from affiliates (4,792) (8,527)
Other non-cash adjustments (207) (348)
Changes in assets and liabilities:    
Receivables (192,494) (109,787)
Contract assets, net 40,197 (28,028)
Inventories (18,319) (15,172)
Contributions to unconsolidated construction joint ventures (9,163) (2,000)
Distributions from unconsolidated construction joint ventures and affiliates 5,550 15,861
Other assets, net 7,221 16,461
Accounts payable 35,920 50,680
Accrued expenses and other liabilities, net (3,499) (6,624)
Net cash provided by operating activities 5,438 22,084
Investing activities:    
Purchases of marketable securities (172,578) 0
Maturities of marketable securities 17,600 25,000
Purchases of property and equipment (61,022) (66,861)
Proceeds from sales of property and equipment 8,346 4,229
Cash paid for purchase price adjustments on business acquisition 0 (13,183)
Other investing activities 399 693
Net cash used in investing activities (207,255) (50,122)
Financing activities:    
Proceeds from issuance of convertible notes 0 373,750
Debt principal repayments (552) (309,808)
Capped call transactions 0 (46,046)
Debt issuance costs 0 (9,654)
Cash dividends paid (11,338) (11,452)
Repurchases of common stock (15,317) (21,144)
Contributions from non-controlling partners 0 17,000
Distributions to non-controlling partners (27,250) (16,372)
Other financing activities, net (39) 847
Net cash used in financing activities (54,496) (22,879)
Net decrease in cash and cash equivalents (256,313) (50,917)
Cash and cash equivalents at beginning of period 578,330 417,663
Cash and cash equivalents at end of period $ 322,017 $ 366,746