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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net income (loss) $ (3,035) $ (15,622)
Adjustments to reconcile net income (loss) to cash used in operating activities:    
Depreciation and amortization 21,003 20,902
Bad debt expense 629 424
Equity in (earnings) losses of affiliates, net of dividends 1,931 7,033
Gains on sale of facilities and investments in affiliates (4,701) (685)
Gains on sale of Rail Group assets and related leases (3,609) (2,443)
Deferred income taxes (628) (988)
Stock-based compensation expense 1,220 1,473
Other (94) (20)
Changes in operating assets and liabilities:    
Accounts receivable 7,563 (37,474)
Inventories 33,456 43,947
Commodity derivatives 4,017 (15,630)
Other assets (9,375) 1,526
Payables and other accrued expenses (277,612) (270,296)
Net cash provided by (used in) operating activities (229,235) (267,853)
Investing Activities    
Purchases of Rail Group assets (25,074) (7,340)
Proceeds from sale of Rail Group assets 5,621 4,967
Purchases of property, plant and equipment and capitalized software (5,608) (12,305)
Proceeds from sale of property, plant and equipment 125 206
Proceeds from returns of investments in affiliates 0 (22)
Proceeds from sale of facilities and investments 13,787 15,013
Purchase of investments (1,817) 0
Change in restricted cash (281) (269)
Net cash provided by (used in) investing activities (13,247) 250
Financing Activities    
Net change in short-term borrowings 226,000 258,000
Proceeds from issuance of long-term debt 15,175 76,908
Proceeds from long-term financing arrangement 10,396 0
Payments of long-term debt (37,852) (80,399)
Proceeds from sale of treasury shares to employees and directors 511 1,275
Payments of debt issuance costs (33) (299)
Dividends paid (4,483) (4,338)
Other (217) (993)
Net cash provided by (used in) financing activities 209,497 250,154
Decrease in cash and cash equivalents (32,985) (17,449)
Cash and cash equivalents at beginning of period 62,630 63,750
Cash and cash equivalents at end of period $ 29,645 $ 46,301