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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
 Net income $ 1,370 $ 41,043
 Adjustments to reconcile net income to net cash provided by operating activities:    
 Depreciation, depletion and amortization 8,696 9,772
 Deferred income taxes 133 9,273
 Equity in loss of joint ventures 5,248 3,997
 Gain on remeasurement of invest in real estate partnership 0 (51,139)
 Gain on sale of equipment and property (901) (876)
 Stock-based compensation 1,302 1,006
 Net changes in operating assets and liabilities:    
  Accounts receivable (737) 639
  Deferred costs and other assets (2,160) 151
  Accounts payable and accrued liabilities (1,440) (442)
  Income taxes payable and receivable 1,559 2,539
  Other long-term liabilities 105 437
 Net cash provided by operating activities 13,175 16,400
Cash flows from investing activities:    
 Investments in properties (26,137) (11,555)
 Investments in joint ventures (20,838) (10,031)
 Return of capital from investments in joint ventures 13,327 20,100
 Proceeds from sales of investments available for sale 4,317 69,865
 Cash at consolidation of real estate partnership 0 3,704
 Proceeds from the sale of assets 952 934
 Cash held in escrow 170 30
Net cash (used in) provided by investing activities (28,209) 73,047
Cash flows from financing activities:    
 Proceeds from long-term debt 0 92,070
 Repayment of long-term debt 0 (90,000)
 Debt issue costs 0 (704)
 Distribution to noncontrolling interest (1,937) (1,846)
 Repurchase of company stock 0 (264)
 Exercise of employee stock options 233 269
Net cash used in financing activities (1,704) (475)
Net increase (decrease) in cash and cash equivalents (16,738) 88,972
Cash and cash equivalents at beginning of year 161,521 73,909
Cash and cash equivalents at end of the period 144,783 162,881
Supplemental disclosure of cash flow information:    
  Interest 2,212 1,781
  Income taxes $ (1,734) $ (1,490)