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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:    
Net income $ 7,065 $ 2,208
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 30,107 27,425
Loss on disposal of assets, net 123 101
Amortization of debt issuance costs and debt discount 942 911
Loss on extinguishment of debt 0 2,830
Amortization of deferred capacity revenue (4,881) (3,400)
Stock-based compensation 1,218 766
Deferred income tax expense 2,890 1,534
Charge for uncollectible accounts (955) 275
Amortization of right-of-use assets 2,072 1,716
Other non-cash (income) expense, net (99) 52
Changes in operating assets and liabilities 12,404 8,202
Net cash provided by operating activities 50,886 42,620
Cash Flows from Investing Activities:    
Capital expenditures (32,940) (31,556)
Capitalized interest (1,006) (983)
Change in unsettled capital expenditures 402 583
Proceeds on sale of assets 0 20
Net cash used by investing activities (33,544) (31,936)
Cash Flows from Financing Activities:    
Repayments of long-term debt (6,641) (172,903)
Proceeds from the issuance of long-term debt 0 180,000
Debt issuance costs and discounts 0 (2,683)
Cash paid for debt extinguishment 0 (1,252)
Payment of cash dividend on common stock (4,836) 0
Payment of withholding taxes on stock-based compensation (439) (448)
Purchases of treasury stock 0 (1,812)
Proceeds from the issuance of common stock 124 106
Net cash (used) provided by financing activities (11,792) 1,008
Change in cash, cash equivalents and restricted cash 5,550 11,692
Cash, cash equivalents and restricted cash, beginning of period 28,293 14,985
Cash, cash equivalents and restricted cash, end of period 33,843 26,677
Supplemental Cash Flow Data:    
Interest paid 8,432 9,236
Income taxes paid, net $ 4 $ 10