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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 31, 2018
May 31, 2017
OPERATING ACTIVITIES    
Net income $ 186,016 $ 34,500
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 53,598 54,770
Stock-based compensation 1,585 1,707
Amortization of financing costs 806 841
Deferred income taxes (136,870) (3,220)
Income from equity investments (10,659) (9,426)
Distribution from equity investee 11,138 9,850
Loss on retirements of long-lived assets, non-cash 2,601 404
Other, net (233) 99
Changes in operating assets and liabilities:    
Receivables, net (15,331) (20,425)
Prepaid expenses and other assets (16,521) (7,414)
Accounts payable and other liabilities (7,364) (10,905)
Deferred income 53,696 51,462
Income taxes 19,013 4,119
Net cash provided by operating activities 141,475 106,362
INVESTING ACTIVITIES    
Capital expenditures (65,019) (40,568)
Distribution from equity investee 487 0
Proceeds from sale of assets 418 14
Other, net 0 (8)
Net cash used in investing activities (64,114) (40,562)
FINANCING ACTIVITIES    
Payment of long-term debt (473) (444)
Deferred financing fees   (43)
Exercise of Class A common stock options 718 358
Reacquisition of previously issued common stock (7,175) (17,323)
Net cash (used in) provided by financing activities (6,930) (17,452)
Net increase in cash and cash equivalents 70,431 48,348
Cash and cash equivalents at beginning of period 256,702 263,727
Cash and cash equivalents at end of period $ 327,133 $ 312,075