|
Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Cash flows from operating activities: |
|
|
| Net cash provided by operating activities |
$ 51,531 |
$ 42,465 |
| Cash flows from investing activities: |
|
|
| Capital expenditures |
(50,053) |
(58,519) |
| Purchases of marketable securities |
(36,650) |
(10,123) |
| Sales and maturities of marketable securities |
27,240 |
15,981 |
| Net cash used in investing activities |
(59,463) |
(52,661) |
| Cash flows from financing activities: |
|
|
| Borrowings under the Credit Facility |
22,368 |
25,284 |
| Payment of deferred financing fees |
(1,649) |
(1,828) |
| Restricted cash deposits |
(2,477) |
(13,350) |
| Proceeds from exercise of stock options |
340 |
2 |
| Tax payment upon settlement of stock awards |
(680) |
(20) |
| Excess tax benefits from stock-based compensation |
533 |
0 |
| Net cash provided by financing activities |
14,576 |
8,338 |
| Effect of exchange rate changes on cash and cash equivalents |
(115) |
0 |
| Net increase (decrease) in cash and cash equivalents |
6,529 |
(1,858) |
| Cash and cash equivalents, beginning of period |
211,249 |
186,342 |
| Cash and cash equivalents, end of period |
217,778 |
184,484 |
| Supplemental cash flow information: |
|
|
| Income taxes paid |
426 |
229 |
| Supplemental disclosure of non-cash investing activities: |
|
|
| Property and equipment received but not paid for yet |
1,314 |
3,915 |
| Interest capitalized but not paid |
24,544 |
20,047 |
| Capitalized amortization of deferred financing costs |
4,422 |
3,508 |
| Capitalized stock-based compensation |
302 |
293 |
| Series Preferred Stock [Member] |
|
|
| Cash flows from financing activities: |
|
|
| Payment of preferred stock dividends |
(1,750) |
(1,750) |
| Supplemental disclosure of non-cash financing activities: |
|
|
| Dividends Payable |
292 |
292 |
| Series B Preferred Stock [Member] |
|
|
| Cash flows from financing activities: |
|
|
| Payment of preferred stock dividends |
(2,109) |
0 |
| Supplemental disclosure of non-cash financing activities: |
|
|
| Dividends Payable |
$ 351 |
$ 0 |