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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net earnings (loss) $ 31,792 $ (9,353)
Adjustments to reconcile net earnings (loss) to operating cash flows:    
Depreciation and amortization 10,677 9,762
Provision for deferred income taxes (12,184) (2,858)
Asset impairments and other non-cash expenses 3,442 714
(Gains) losses on disposal of assets (663) 103
Investment partnership (gains) losses (68,352) 4,846
Distributions from investment partnerships 2,490 7,700
Changes in receivables and inventories 9,272 4,817
Changes in other assets 35 1,212
Changes in accounts payable and accrued expenses 15,196 (17,408)
Net cash used in operating activities (8,295) (465)
Investing activities    
Capital expenditures (6,238) (7,218)
Proceeds from property and equipment disposals 390 2,476
Distributions from investment partnerships 40,000 0
Purchases of limited partner interests (40,000) 0
Purchases of investments (56,321) (24,972)
Redemptions of fixed maturity securities 53,550 24,000
Net cash used in investing activities (8,619) (5,714)
Financing activities    
Payments on revolving credit facility 0 (132)
Principal payments on long-term debt (1,100) (1,100)
Principal payments on direct financing lease obligations (2,884) (2,749)
Proceeds from exercise of stock options 0 49
Net cash used in financing activities (3,984) (3,932)
Effect of exchange rate changes on cash 3 (55)
Decrease in cash, cash equivalents and restricted cash (20,895) (10,166)
Cash, cash equivalents and restricted cash at beginning of year 55,010 67,230
Cash, cash equivalents and restricted cash at end of second quarter $ 34,115 $ 57,064