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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating activities        
Net earnings (loss) $ 50,931 $ (48,190) $ 17,656 $ (25,611)
Adjustments to reconcile net earnings (loss) to operating cash flows:        
Depreciation, depletion, and amortization 10,272 9,122 20,529 19,175
Provision for deferred income taxes     11,254 (11,656)
Asset impairments 1,251 1,000 1,251 1,107
Gains on sale of assets     (11,032) (19,618)
Investment and investment partnership gains and losses     (10,252) 58,921
Distributions from investment partnerships     35,000 1,000
Changes in receivables, inventories and other assets     559 1,234
Changes in accounts payable and accrued expenses     (7,023) (3,642)
Net cash provided by operating activities     57,942 20,910
Investing activities        
Capital expenditures     (10,004) (16,429)
Proceeds from property and equipment disposals     12,477 21,820
Purchases of interests in limited partnerships     (30,065) (22,924)
Purchases of investments     (31,479) (43,152)
Sales of investments and redemptions of fixed maturity securities     31,910 41,099
Net cash used in investing activities     (27,161) (19,586)
Financing activities        
Proceeds from line of credit     27,000 6,050
Payments on line of credit     (53,000) (6,000)
Principal payments on direct financing lease obligations     (2,778) (2,741)
Net cash used in financing activities     (28,778) (2,691)
Effect of exchange rate changes on cash     42 (7)
Increase (decrease) in cash, cash equivalents and restricted cash     2,045 (1,374)
Cash, cash equivalents and restricted cash at beginning of year     31,432 29,654
Cash, cash equivalents and restricted cash at end of second quarter 33,477 28,280 33,477 28,280
Cash and cash equivalents 32,766 26,897 32,766 26,897
Restricted cash in other long-term assets 711 1,383 711 1,383
Cash, cash equivalents and restricted cash at end of second quarter $ 33,477 $ 28,280 $ 33,477 $ 28,280