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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities      
Net income $ 40,864 $ 33,883 $ 29,586
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 69,287 63,324 56,583
Amortization 1,415 2,566 4,139
Provision for bad debt 1,640 1,678 2,019
Stock based compensation expense 2,333 2,624 1,938
Excess tax benefits on stock option exercises (679) (395) (101)
Deferred income taxes (451) 2,975 14,266
Net loss on disposal of equipment 235 1,975 753
Realized loss on disposal of investments 20 0 1
Unrealized (gains) loss on investments 141 51 (391)
Net gains from patronage and equity investments (805) (852) (837)
Amortization of long term debt issuance costs 567 605 609
Other 93 1,515 1,663
(Increase) decrease in:      
Accounts receivable (1,047) (6,225) (2,594)
Materials and supplies 492 1,921 (927)
Income taxes receivable 7,058 1,824 (11,871)
Other assets (6,368) 1,055 (1,034)
Increase (decrease) in:      
Accounts payable 2,753 5,040 (2,145)
Deferred lease payable 962 1,024 1,253
Other deferrals and accruals 811 405 1,354
Net cash provided by operating activities 119,321 114,993 94,264
Cash Flows from Investing Activities      
Acquisition of property, plant and equipment (69,679) (68,232) (117,028)
Proceeds from sale of equipment 363 551 331
Proceeds from sales of assets 0 0 25
Purchase of investment securities 0 0 (12)
Cash distributions from investments 54 43 121
Net cash used in investing activities (69,262) (67,638) (116,563)
Cash Flows From Financing Activities      
Principal payments on long-term debt (23,000) (5,750) (1,977)
Cash paid for debt issuance costs (7,880) 0 0
Dividends paid, net of dividends reinvested (11,085) (10,761) (8,191)
Excess tax benefits on stock option exercises 679 395 101
Repurchases of common stock (1,885) (1,785) (1,600)
Proceeds from issuances of common stock 1,007 1,147 1,196
Net cash used in financing activities (42,164) (16,754) (10,471)
Net increase (decrease) in cash and cash equivalents 7,895 30,601 (32,770)
Cash and cash equivalents:      
Beginning 68,917 38,316 71,086
Ending 76,812 68,917 38,316
Cash payments for:      
Interest, net of capitalized interest of $436 in 2015, $373 in 2014, and $396 in 2013 6,784 7,548 8,077
Income taxes paid, net $ 21,119 $ 17,233 $ 17,483