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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES    
Net income $ 59,886 $ 136,537
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 62,337 50,328
Stock-based compensation expense 4,608 4,118
Gain on disposition of assets, net (4,552) (5,951)
Gain due to benefit plan financing arrangement (1,151)  
Deferred income tax provision 6,668 4,401
Pension settlement charges   18,286
Other non-cash adjustments 193 242
Decrease (increase) in assets:    
Accounts receivable 21,716 23,017
Income taxes receivable 44,016 (10,745)
Inventories (2,648) (7,001)
Prepaid expenses 4,750 3,327
Other current assets 75 (297)
Other non-current assets (792) (833)
Increase (decrease) in liabilities:    
Accounts payable 11,760 (30,646)
Income taxes payable 28 (95)
Unearned revenue (15,743)  
Accrued payroll and related expenses (4,429) (7,075)
Accrued insurance expenses 414 1,933
Accrued state, local and other taxes 1,147 2,121
Other accrued expenses (4,562) (2,938)
Pension and retirement plan liabilities 853 (5,068)
Long-term accrued insurance expenses 1,114 2,491
Other long-term liabilities (1,201) 1,406
Net cash provided by operating activities 184,487 177,558
INVESTING ACTIVITIES    
Capital expenditures (127,799) (104,488)
Proceeds from sale of assets 8,883 8,688
Purchase of business   (78,982)
Proceeds from benefit plan financing arrangement 2,380  
Re-investment in benefit plan financing arrangement (2,380)  
Net cash used for investing activities (118,916) (174,782)
FINANCING ACTIVITIES    
Payment of dividends (17,203) (17,314)
Cash paid for common stock purchased and retired (9,858) (11,351)
Cash paid for finance lease and finance obligations (304)  
Net cash used for financing activities (27,365) (28,665)
Net increase (decrease) in cash and cash equivalents 38,206 (25,889)
Cash and cash equivalents at beginning of period 223,310 126,424
Cash and cash equivalents at end of period 261,516 100,535
Supplemental cash flows disclosure:    
Income tax (refund) payments, net (33,403) 48,553
Interest paid 84 83
Supplemental disclosure of noncash investing activities:    
Capital expenditures included in accounts payable $ 12,494 $ 12,769