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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES    
Net income $ 43,272 $ 56,041
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 78,823 82,053
Deferred income taxes (5,679) (4,569)
Amortization of stock-based compensation, net of tax 740 1,042
Gain on disposal of property and equipment (7,273) (27,250)
Changes in certain working capital items:    
Trade receivables 9,305 12,515
Prepaid expenses and other current assets 2,191 3,337
Accounts payable, accrued liabilities, and accrued expenses 1,291 7,001
Accrued income taxes (2,474) 12,777
Net cash provided by operating activities 120,196 142,947
INVESTING ACTIVITIES    
Proceeds from sale of property and equipment 37,306 89,073
Purchases of property and equipment, net of trades (69,979) (111,688)
Change in designated funds for equipment purchases (824) (12,488)
Change in other assets 10 1,495
Net cash used in investing activities (33,487) (33,608)
FINANCING ACTIVITIES    
Payments of Ordinary Dividends, Common Stock (4,999) (5,254)
Contingent consideration related to acquisition 0 (1,765)
Repayments on line of credit 0 (24,600)
Repurchases of common stock (14,678) (30,858)
Net cash used in financing activities (19,677) (62,477)
Net increase in cash and cash equivalents 67,032 46,862
CASH AND CASH EQUIVALENTS    
Beginning of period 33,232 17,303
End of period 100,264 64,165
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest paid 0 40
Cash paid during the period for income taxes, net of refunds 29,779 24,562
Noncash investing and financing activities:    
Purchased property and equipment in accounts payable 2,527 10,956
Sold property and equipment in other current assets 1,803 12,488
Treasury stock acquired in accounts payable $ 0 $ 4,911