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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 73,171 $ 56,586
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 58,728 64,553
Stock-based compensation expense 1,730 1,218
Gain on sale of property and equipment (6,198) (7,017)
Unrealized loss on interest rate swap 3,856 4,854
Other non-cash items 4,125 240
Changes in assets and liabilities:    
Accounts receivable (91,741) (177,942)
Contract assets (16,783) 32,274
Other current assets 9,707 1,219
Other long-term assets 1,073 167
Accounts payable 16,533 (29,757)
Contract liabilities 63,682 (3,915)
Operating lease assets and liabilities, net 3,250 (1,489)
Accrued liabilities 36,394 17,662
Other long-term liabilities 33,952 1,231
Net cash provided by (used in) operating activities 191,479 (40,116)
Cash flows from investing activities:    
Purchase of property and equipment (54,404) (78,255)
Proceeds from sale of property and equipment 17,710 24,393
Net cash used in investing activities (36,694) (53,862)
Cash flows from financing activities:    
Borrowings under revolving line of credit   212,880
Payments on revolving line of credit   (212,880)
Proceeds from issuance of long-term debt 33,873 55,008
Repayment of long-term debt (56,321) (55,824)
Proceeds from issuance of common stock purchased under a long-term incentive plan 578 1,804
Payment of taxes on conversion of Restricted Stock Units (548) (1,519)
Cash distribution to noncontrolling interest holders (1,000) (3,505)
Repurchase of common stock (10,959)  
Dividends paid (8,707) (9,152)
Other (2,888) (328)
Net cash used in financing activities (45,972) (13,516)
Effect of exchange rate changes on cash and cash equivalents (553) 268
Net change in cash and cash equivalents 108,260 (107,226)
Cash and cash equivalents at beginning of the year 120,286 151,063
Cash and cash equivalents at end of the year 228,546 43,837
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 13,433 12,400
Cash paid for income taxes, net of refunds received 5,288 (1,421)
Leased assets obtained in exchange for new operating leases 51,664 118,755
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Dividends declared and not yet paid $ 2,887 $ 3,059