XML 16 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 1,987 $ 7,172
Adjustments to reconcile net income to net cash flows provided by operating activities —    
Depreciation and amortization of property and equipment 9,705 8,881
Amortization of intangible assets 211 83
Stock-based compensation expense 730 1,049
Deferred income taxes (75) (30)
Gain on sale of property and equipment (96) (898)
Other non-cash items (61) 62
Changes in operating assets and liabilities    
Accounts receivable, net 14,420 1,389
Costs and estimated earnings in excess of billings on uncompleted contracts (20,071) (20,081)
Receivable for insurance claims in excess of deductibles 2,733 50
Other assets 2,046 2,158
Accounts payable 8,004 5,189
Billings in excess of costs and estimated earnings on uncompleted contracts 4,026 (5,082)
Accrued self insurance (3,378) (951)
Other liabilities (5,755) 2,379
Net cash flows provided by operating activities 14,426 1,370
Cash flows from investing activities:    
Proceeds from sale of property and equipment 1,032 938
Purchases of property and equipment (3,769) (16,362)
Net cash flows used in investing activities (2,737) (15,424)
Cash flows from financing activities:    
Proceeds from exercise of stock options 104 378
Excess tax benefit from stock-based awards 135 1,010
Repurchase of common shares (25,686) (3,140)
Net cash flows used in financing activities (25,447) (1,752)
Net decrease in cash and cash equivalents (13,758) (15,806)
Cash and cash equivalents:    
Beginning of period 39,797 77,636
End of period 26,039 61,830
Noncash investing activities:    
Acquisition of property and equipment acquired under capital lease arrangements 745 0
Noncash financing activities:    
Share repurchases not settled 2,691 0
Capital lease obligations initiated $ 745 $ 0