XML 18 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES    
Net income (loss) $ 47,474 $ (81,197)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, amortization and other non-cash charges 87,379 118,799
Stock-based compensation expense 6,012 5,362
Gain on disposition of assets, net (5,276) (2,771)
Deferred income tax benefit (20,759) (21,008)
Excess tax benefits for share-based payments   (285)
(Increase) decrease in assets:    
Accounts receivable (174,220) 103,085
Income taxes receivable 48,248 1,112
Inventories (4,193) 12,827
Prepaid expenses 1,309 3,853
Other current assets 310 302
Other non-current assets (2,256) (205)
Increase (decrease) in liabilities:    
Accounts payable 27,760 (35,559)
Income taxes payable 10,277 528
Accrued payroll and related expenses 4,742 (993)
Accrued insurance expenses 252 (4)
Accrued state, local and other taxes 3,547 3,948
Other accrued expenses (5,024) (44)
Pension liabilities 2,479 (89)
Long-term accrued insurance expenses 389 (1,263)
Other long-term liabilities 219 (14,137)
Net cash provided by operating activities 28,669 92,261
INVESTING ACTIVITIES    
Capital expenditures (30,645) (18,289)
Proceeds from sale of assets 8,407 5,130
Net cash used for investing activities (22,238) (13,159)
FINANCING ACTIVITIES    
Debt issuance costs for notes payable to banks   (35)
Excess tax benefits for share-based payments   285
Cash paid for common stock purchased and retired (12,454) (3,194)
Net cash used for financing activities (12,454) (2,944)
Net (decrease) increase in cash and cash equivalents (6,023) 76,158
Cash and cash equivalents at beginning of period 131,835 65,196
Cash and cash equivalents at end of period 125,812 141,354
Supplemental cash flows disclosure:    
Interest paid, net of amounts capitalized 72 373
Income taxes received, net (14,119) (36,689)
Supplemental disclosure of noncash investing activities:    
Capital expenditures included in accounts payable $ 8,866 $ 1,648