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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES:    
Net (loss) / income $ 3,874 $ 21,536
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 41,936 40,974
Bad debt expense 329 694
Stock compensation-net of excess tax benefits 430 736
Provision for deferred income taxes 763 6,081
Recognized loss / (gain) on marketable equity securities 7,484 (2,728)
(Gain) Loss on sale or disposition of equipment (71) 362
Changes in operating assets and liabilities:    
Accounts receivable (8,409) 2,312
Prepaid expenses, deposits, inventories, and other assets 1,064 2,169
Income taxes payable (52) (299)
Trade accounts payable 22,112 3,218
Accrued expenses and other liabilities (16,354) 1,340
Net cash provided by operating activities 53,106 76,395
INVESTING ACTIVITIES:    
Purchases of property and equipment (39,763) (68,046)
Proceeds from disposition of equipment 13,502 12,714
Sales of marketable equity securities 860 1,645
Purchases of marketable equity securities, net of return of capital (3,982) (128)
Net cash used in investing activities (29,383) (53,815)
FINANCING ACTIVITIES:    
Borrowings under line of credit 365,263 444,362
Repayments under line of credit (371,182) (445,318)
Borrowings of long-term debt 17,640 45,557
Repayments of long-term debt (38,872) (51,253)
Borrowings under margin account 7,037 387
Repayments under margin account (1,806) (2,676)
Repurchases of common stock (1,793) (13,616)
Net cash used in financing activities (23,713) (22,557)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 10 23
CASH, CASH EQUIVALENTS AND RESTRICTED CASH -Beginning of period 318 282
CASH, CASH EQUIVALENTS AND RESTRICTED CASH -End of period 328 305
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION-    
Interest 6,544 6,258
Income taxes 159 601
NONCASH INVESTING AND FINANCING ACTIVITIES-    
Purchases of property and equipment included in accounts payable $ 3,944 $ 5,711