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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 $ 44,201 $ 28,025
Reconciliation of net income to net cash provided by operating activities:    
Depreciation 4,836 4,456
Amortization of intangibles and finance lease assets 13,788 11,209
Amortization of debt issuance costs 1,927 1,788
Gain on sale of property and equipment (332) 0
Recovery of credit losses (1,085) (771)
Payment of contingent consideration liability in excess of acquisition-date fair value (333) (17)
Fair value adjustment on contingent consideration 728 (305)
Restricted stock compensation expense 2,800 2,076
Deferred income taxes 7,036 (4,944)
Other non-cash items (4,999) (87)
Changes in operating assets and liabilities, net of effects of businesses acquired:    
Accounts receivable (15,972) (3,085)
Costs and estimated profits in excess of billings (6,443) 5,561
Inventories (4,336) 2,548
Prepaid expenses and other assets (3,250) (4,128)
Trade accounts payable (3,159) (3,454)
Accrued expenses 3,675 749
Billings in excess of costs and estimated profits 9,823 2,591
Income taxes (27,286) (488)
Net cash provided by operating activities 21,619 41,724
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (30,260) (11,719)
Proceeds from the sale of property and equipment 2,715 0
Acquisition of businesses, net of cash acquired (13,860) (119,017)
Net cash used in investing activities (41,405) (130,736)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal debt payments (3,248) (2,750)
Debt issuance costs (125) 0
Shares repurchased held in treasury 0 (23,978)
Payment for acquisition contingent consideration liability (5,145) (4,483)
Preferred stock dividends paid (45) (45)
Payment for employee taxes withheld from stock awards (4,330) (1,755)
Principal payments on finance leases (3,701) (1,992)
Net cash used in financing activities (16,594) (35,003)
Effect of foreign currency on cash 899 830
Net change in cash and restricted cash (35,481) (123,185)
Cash and restricted cash at beginning of period 148,411 173,211
Cash and restricted cash at end of period $ 112,930 $ 50,026