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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 65,832 $ 49,126
Reconciliation of net income to net cash provided by operating activities:    
Depreciation 7,646 6,821
Amortization of intangibles and finance lease assets 20,898 17,564
Amortization of debt issuance costs 2,908 2,678
Gain on sale of property and equipment (426) 0
Recovery of (provision for) credit losses 74 (783)
Payment of contingent consideration liability in excess of acquisition-date fair value (459) (108)
Fair value adjustment on contingent consideration 932 380
Restricted stock compensation expense 4,278 3,398
Deferred income taxes 23,503 (10,376)
Other non-cash items (8,142) 152
Changes in operating assets and liabilities, net of effects of businesses acquired:    
Accounts receivable (33,346) (12,325)
Costs and estimated profits in excess of billings (6,914) (7,392)
Inventories (1,332) 1,130
Prepaid expenses and other assets (9,867) 772
Trade accounts payable 6,766 1,323
Accrued expenses 16,947 11,894
Billings in excess of costs and estimated profits 3,989 2,410
Income taxes (36,782) 3,404
Net cash provided by operating activities 56,505 70,068
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (37,000) (15,673)
Proceeds from the sale of property and equipment 2,715 0
Acquisition of businesses, net of cash acquired (24,448) (149,440)
Net cash used in investing activities (58,733) (165,113)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on asset-backed credit facility 0 6,000
Repayments on asset-backed credit facility 0 (6,000)
Principal debt payments (4,871) (4,125)
Debt issuance costs (325) 0
Shares repurchased held in treasury (1,999) (28,783)
Payment for acquisition contingent consideration liability (6,874) (4,580)
Preferred stock dividends paid (68) (68)
Payment for employee taxes withheld from stock awards (4,460) (1,818)
Principal payments on finance leases (4,597) (3,010)
Net cash used in financing activities (23,194) (42,384)
Effect of foreign currency on cash 840 (691)
Net change in cash and restricted cash (24,582) (138,120)
Cash and restricted cash at beginning of period 148,411 173,211
Cash and restricted cash at end of period $ 123,829 $ 35,091