XML 15 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES:    
Net Income (loss) $ 11,949 $ (1,304)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 14,352 14,295
Bad debt expense 240 239
Stock compensation-net of excess tax benefits 79 305
Provision for / (benefit from) deferred income taxes 4,067 (498)
Recognized (gain) / loss on marketable equity securities (4,205) 9,339
(Gain) / Loss on sale or disposition of equipment (84) 1
Changes in operating assets and liabilities:    
Accounts receivable (7,998) (5,053)
Prepaid expenses, deposits, inventories, and other assets 1,438 (530)
Income taxes payable 726 0
Trade accounts payable 1,053 8,048
Accrued expenses and other liabilities 2,309 (1,339)
Net cash provided by operating activities 23,926 23,503
INVESTING ACTIVITIES:    
Purchases of property and equipment (1,929) (23,158)
Proceeds from disposition of equipment 8,245 5,325
Sales of marketable equity securities 663 0
Purchases of marketable equity securities, net of return of capital (430) (3,026)
Net cash provided by/(used in) investing activities 6,549 (20,859)
FINANCING ACTIVITIES:    
Borrowings under line of credit 135,396 137,243
Repayments under line of credit (149,739) (128,657)
Borrowings of long-term debt 0 0
Repayments of long-term debt (15,418) (13,670)
Borrowings under margin account 459 3,753
Repayments under margin account (1,034) (985)
Repurchases of common stock (144) (321)
Net cash used in financing activities (30,480) (2,637)
NET (DECREASE)/INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (5) 7
CASH, CASH EQUIVALENTS AND RESTRICTED CASH -Beginning of period 337 318
CASH, CASH EQUIVALENTS AND RESTRICTED CASH -End of period 332 325
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION-    
Interest 2,282 2,185
Income taxes 0 0
NONCASH INVESTING AND FINANCING ACTIVITIES-    
Purchases of property and equipment included in accounts payable $ 1,657 $ 2,239