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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities:    
Net income $ 86,239 $ 78,539
Income (loss) from discontinued operations, net of tax 203 (1,504) [1]
Income from continuing operations 86,036 80,043
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 106,282 102,983
Deferred income taxes 4,186 (5,293)
Changes in current assets and liabilities, net of acquisitions:    
Receivables (13,853) (43,478)
Inventories (47,396) (13,573)
Other current assets 29,072 (15,799)
Accounts payable 15,748 11,611
Other current liabilities 7,849 (6,387)
Other noncurrent changes (11,566) (4,460)
Net cash provided by continuing operations 176,358 105,647
Net cash provided by discontinued operations 224 33,846
Net cash provided by operating activities 176,582 139,493
Investing activities:    
Capital expenditures (210,612) (143,764)
Acquisitions, net of cash acquired (20,009) 0
Net proceeds from sale or disposition of property and other 9,286 119,361
Investments (916) (358)
Net cash used in continuing operations (222,251) (24,761)
Net cash provided by discontinued operations 0 2,234
Net cash used in investing activities (222,251) (22,527)
Financing activities:    
Issuance of long-term debt 240,746 63,827
Repayment of long-term debt (103,521) (93,275)
Dividends paid (77,145) (75,535)
Redemption of preferred stock 0 15,600
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 52,730 (123,024)
Net cash provided by discontinued operations 0 0
Net cash provided by (used in) financing activities 52,730 (123,024)
Effect of exchange rate changes on cash and cash equivalents (1) (1)
Increase (decrease) in cash and cash equivalents 7,060 (6,059)
Cash and cash equivalents -- beginning of year 34,599 46,107
Cash and cash equivalents -- end of period $ 41,659 $ 40,048
[1] Includes the eliminations for the presentation of income tax adjustments between continuing and discontinued operations.