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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities:    
Net income $ 42,437 $ 37,325
Income from discontinued operations, net of tax 477 1,687 [1]
Income from continuing operations 41,960 35,638
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 52,729 51,325
Deferred income taxes (2,068) (332)
Changes in current assets and liabilities, net of acquisitions:    
Receivables 62,711 63,684
Inventories (29,997) (13,676)
Other current assets 22,506 (31,006)
Accounts payable (31,864) (23,380)
Other current liabilities (5,115) (1,179)
Other noncurrent changes (5,302) 2,161
Net cash provided by continuing operations 105,560 83,235
Net cash provided by discontinued operations 231 3,304
Net cash provided by operating activities 105,791 86,539
Investing activities:    
Capital expenditures (105,136) (72,316)
Net proceeds from sale or disposition of property and other 5,966 117,967
Investments (1,074) (116)
Net cash provided by (used in) continuing operations (100,244) 45,535
Net cash provided by discontinued operations 0 54
Net cash provided by (used in) investing activities (100,244) 45,589
Financing activities:    
Issuance of long-term debt 101,588 59,985
Repayment of long-term debt (37,047) (147,277)
Dividends paid (38,573) (37,767)
Repurchase of common stock (5,020) (1,684)
Tax withholding on stock-based compensation (2,330) (757)
Net cash provided by (used in) continuing operations 18,618 (127,500)
Net cash provided by discontinued operations 0 0
Net cash provided by (used in) financing activities 18,618 (127,500)
Increase in cash and cash equivalents 24,165 4,628
Cash and cash equivalents -- beginning of year 34,599 46,107
Cash and cash equivalents -- end of period $ 58,764 $ 50,735
[1] Includes an elimination for the presentation of income tax adjustments between continuing and discontinued operations.