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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net earnings $ 286,896 $ 222,905 $ 122,761
Adjustments to reconcile net earnings to net cash provided by operations:      
Depreciation and amortization 240,322 211,156 201,443
Provision for doubtful accounts 2,209 402 1,183
Provision for deferred income taxes 31,388 65,298 37,782
Gain on disposition of assets (2,207) (5,009) (8,279)
Impairments 56,303 0 0
Amortization of share-based compensation 15,549 14,941 13,865
Amortization of major maintenance costs 32,572 28,966 29,031
Other 407 (3,338) (283)
Increase (decrease) in cash flows resulting from changes in:      
Accounts receivable 40,458 (50,135) (31,550)
Inventory 12,146 7,694 (127,095)
Other assets (18,539) (37,688) (27,801)
Income taxes payable 23,787 71,604 1,975
Accounts payable (11,157) (18,271) 75,996
Accrued and other liabilities 46,360 31,703 5,100
Net cash provided by operating activities 756,494 540,228 294,128
Cash flows from investing activities:      
Capital expenditures (342,660) (401,730) (172,606)
Acquisitions of businesses and marine equipment, net of cash acquired (77,863) (37,500) (3,900)
Proceeds from disposition of assets and other 20,396 26,081 36,905
Net cash used in investing activities (400,127) (413,149) (139,601)
Cash flows from financing activities:      
Borrowings (payments) on bank credit facilities, net (43,842) 48,776 1,358
Borrowings on long-term debt 0 240,000 310,000
Payments on long-term debt (100,000) (350,000) (395,000)
Payment of debt issue costs (3) (1,254) (1,977)
Proceeds from exercise of stock options 9,417 4,209 3,887
Payments related to tax withholding for share-based compensation (5,398) (3,908) (3,408)
Treasury stock purchases (174,574) (112,803) (22,901)
Return of investment to noncontrolling interests and other (100) (99) (722)
Net cash used in financing activities (314,500) (175,079) (108,763)
Increase (decrease) in cash and cash equivalents 41,867 (48,000) 45,764
Cash and cash equivalents, beginning of year 32,577 80,577 34,813
Cash and cash equivalents, end of year 74,444 32,577 80,577
Cash paid (received) during the period:      
Interest paid 49,059 49,317 42,816
Income taxes paid (refunded), net 19,567 (65,787) 2,553
Operating cash outflow from operating leases 45,979 43,954 44,229
Non-cash investing activity:      
Capital expenditures included in accounts payable (6,867) 9,567 2,996
Right-of-use assets obtained in exchange for lease obligations $ 53,551 $ 39,153 $ 22,799