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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities:    
Net income $ 28,111 $ 22,259
Noncash items included in net income:    
Depreciation and amortization 32,590 26,782
Deferred income taxes 7,069 5,315
Other, net 2,129 2,761
Changes in operating assets and liabilities, net (18,632) (26,717)
Net cash provided by operating activities 51,267 30,400
Investing Activities:    
Acquisition of property and equipment (107,591) (56,741)
Proceeds from disposal of property and equipment 4,915 275
Net cash used in investing activities (102,676) (56,466)
Financing Activities:    
Repayment of revolving credit agreement (86,734) (55,780)
Borrowing of revolving credit agreement 190,874 86,388
Proceeds from stock option exercises 2,137 1,798
Shares withheld for taxes (3,404) (3,268)
Debt issuance costs   (646)
Repayment of finance leases (4,803) (4,589)
Net cash provided by financing activities 98,070 23,903
Net Increase (Decrease) in Cash and Cash Equivalents 46,661 (2,163)
Cash and cash equivalents, beginning of period 248 2,194
Cash and cash equivalents, end of period $ 46,909 $ 31