v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net Income (Loss) $ 46,561 $ 29,090
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:    
Loss (income) from discontinued operations (116) 2,881
Depreciation and amortization 19,268 17,979
Provision for (reversal of) credit losses 18 0
(Gain) loss on commercial real estate transactions (4,103) 0
(Gain) loss on disposal of assets and settlements, net (11,756) (2,148)
(Gain) loss on de-designated interest rate swap valuation adjustment 0 (3,675)
Share-based compensation expense 2,737 2,388
Loss (income) related to joint ventures, net of operating cash distributions (3,614) (934)
Changes in operating assets and liabilities:    
Trade and other receivables 393 (834)
Prepaid expenses and other assets 2,629 1,299
Development/other property inventory 6,890 (675)
Accrued post-retirement benefits (100) (1,756)
Accounts payable 458 (983)
Refund liability (10,000) 0
Accrued and other liabilities (6,770) (3,023)
Operating cash flows from continuing operations 42,495 39,609
Operating cash flows from discontinued operations (3) (1,244)
Net cash provided by (used in) operations 42,492 38,365
Cash Flows from Investing Activities:    
Capital expenditures for property, plant and equipment (8,883) (8,011)
Proceeds from disposal of assets 3,404 41
Payments for purchases of investments in affiliates and other investments (149) (124)
Distributions of capital and other receipts from investments in affiliates and other investments 0 1
Investing cash flows from continuing operations (5,628) (8,093)
Investing cash flows from discontinued operations 0 15,000
Net cash provided by (used in) investing activities (5,628) 6,907
Cash Flows from Financing Activities:    
Proceeds from issuance of notes payable and other debt 0 60,000
Payments of notes payable and other debt and deferred financing costs (27,122) (74,303)
Borrowings (payments) on line-of-credit agreement, net 1,000 20,000
Cash dividends paid (32,941) (32,631)
Repurchases of common stock and other payments (1,376) (2,332)
Financing cash flows from continuing operations (60,439) (29,266)
Net cash provided by (used in) financing activities (60,439) (29,266)
Cash, Cash Equivalents, and Restricted Cash    
Net increase (decrease) in cash, cash equivalents, and restricted cash (23,575) 16,006
Balance, beginning of period 33,672 13,753
Balance, end of period 10,097 29,759
Other Cash Flow Information:    
Interest paid, net of capitalized interest, for continuing operations 11,125 10,447
Income tax payments/(refunds), net 24 4
Reconciliation of cash, cash equivalents, and restricted cash    
Cash and cash equivalents, beginning of period 33,436 13,517
Restricted cash, beginning of period 236 236
Balance, beginning of period 33,672 13,753
Cash and cash equivalents, end of period 8,579 29,523
Restricted cash, end of period 1,518 236
Balance, end of period 10,097 29,759
Continuing Operations    
Noncash Investing and Financing Activities from continuing operations:    
Capital expenditures included in accounts payable and accrued and other liabilities 3,746 2,555
Operating lease liabilities arising from obtaining ROU assets 15,202 0
Finance lease liabilities arising from obtaining ROU assets 1,547 0
Dividends declared but unpaid at end of period 17,040 16,670
Increase (decrease) in other receivables from investments in affiliates $ 3,368 $ 0