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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net income (loss) $ (181) $ 36,344
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation and amortization 41,379 36,596
Bad debt expense 491 484
Equity in losses (earnings) of affiliates, net of dividends 7,181 (1,980)
Gain on sale of investments (685) 0
Gains on sales of Rail Group assets and related leases (4,725) (9,213)
Excess tax benefit from share-based payment arrangement 0 (1,299)
Deferred income taxes (1,601) 10,736
Stock-based compensation expense 3,696 1,988
Other 234 833
Changes in operating assets and liabilities:    
Accounts receivable (43,650) (42,209)
Inventories 224,368 312,341
Commodity derivatives (60,443) 27,835
Other assets 35,612 17,173
Trade and other payables (396,037) (449,027)
Net cash provided by (used in) operating activities (194,361) (59,398)
Investing Activities    
Acquisition of business, net of cash acquired 0 124,328
Purchases of Rail Group assets (27,504) (53,756)
Proceeds from sale of Rail Group assets 10,397 26,355
Purchases of property, plant and equipment (34,443) (28,214)
Proceeds from sale of property, plant and equipment 173 453
Proceeds from sale of investments 15,013 1,866
Proceeds from sale of facilities (54,330) 0
Purchase of Investments 2,523 0
Change in restricted cash (538) (513)
Net cash provided by (used in) investing activities 14,905 (178,137)
Financing Activities    
Net change in short-term borrowings 164,000 138,000
Proceeds from issuance of long-term debt 77,564 151,608
Payments of long-term debt (85,177) (82,014)
Purchase of treasury stock 0 (34,160)
Distributions to noncontrolling interest owner 0 (1,700)
Proceeds from sale of treasury shares to employees and directors 1,282 426
Payments of debt issuance costs (309) (271)
Dividends paid (8,679) (8,044)
Excess tax benefit from share-based payment arrangement 0 1,299
Other (1,592) (1,540)
Net cash provided by (used in) financing activities 147,089 163,604
Decrease in cash and cash equivalents (32,367) (73,931)
Cash and cash equivalents at beginning of period 63,750 114,704
Cash and cash equivalents at end of period $ 31,383 $ 40,773