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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Aug. 31, 2018
Aug. 31, 2017
OPERATING ACTIVITIES    
Net income $ 198,047 $ 34,765
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 79,625 82,583
Stock-based compensation 2,443 2,508
Amortization of financing costs 996 1,263
Deferred income taxes (132,800) (1,511)
Income from equity investments (16,449) (14,071)
Distribution from equity investee 17,323 14,936
Loss on retirements of long-lived assets, non-cash 3,538 531
Other, net (339) (211)
Changes in operating assets and liabilities:    
Receivables, net (13,096) (9,789)
Prepaid expenses and other assets (13,516) (12,484)
Accounts payable and other liabilities (2,697) (8,792)
Deferred income 33,572 47,463
Income taxes 12,811 (2,846)
Net cash provided by operating activities 169,458 134,345
INVESTING ACTIVITIES    
Capital expenditures (122,180) (77,559)
Distribution from equity investee 2,679 4,164
Equity investments and advances to affiliate 0 (147)
Proceeds from sale of assets 430 344
Other, net 0 (13)
Net cash used in investing activities (119,071) (73,211)
FINANCING ACTIVITIES    
Payment of long-term debt (715) (672)
Deferred financing fees   (244)
Exercise of Class A common stock options 992 528
Cash dividend paid (20,738) (19,241)
Reacquisition of previously issued common stock (8,230) (36,350)
Net cash used in financing activities (28,691) (55,979)
Net increase in cash and cash equivalents 21,696 5,155
Cash and cash equivalents at beginning of period 256,702 263,727
Cash and cash equivalents at end of period $ 278,398 $ 268,882