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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES:    
Net income $ 33,987 $ 17,168
Loss from discontinued operations, net of income taxes   (3,380)
Income from continuing operations 33,987 20,548
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 9,451 8,905
Deferred income taxes 11,310 7,074
(Gain) loss on sale of assets (145) 279
Amortization of deferred financing fees 403 868
Share-based compensation expense 1,675 2,000
Changes in assets and liabilities:    
Accounts receivable (24,229) 30,285
Contract revenues in excess of billings (14,520) 1,538
Inventories (2,215) 280
Prepaid expenses and other current assets 8,036 (1,678)
Accounts payable and accrued expenses (523) (935)
Billings in excess of contract revenues 6,062 36,062
Other noncurrent assets and liabilities 779 566
Net cash flows provided by operating activities from continuing operations 30,071 105,792
Net cash flows provided by operating activities of discontinued operations   2,668
Cash provided by operating activities 30,071 108,460
INVESTING ACTIVITIES:    
Purchases of property and equipment (8,733) (7,704)
Proceeds from dispositions of property and equipment 447 147
Net cash flows used in investing activities of continuing operations (8,286) (7,557)
Net cash flows used in investing activities of discontinued operations   (60)
Cash used in investing activities (8,286) (7,617)
FINANCING ACTIVITIES:    
Taxes paid on settlement of vested share awards (1,928) (2,188)
Exercise of options and purchases from employee stock plans 622 1,626
Repayments of revolving loans   (11,500)
Net cash flows used in financing activities of continuing operations (1,306) (12,062)
Net cash flows used in financing activities of discontinued operations   (253)
Cash used in financing activities (1,306) (12,315)
Net increase in cash, cash equivalents and restricted cash 20,479 88,528
Cash, cash equivalents and restricted cash at beginning of period 186,995 34,458
Cash, cash equivalents and restricted cash at end of period 207,474 122,986
Supplemental Cash Flow Information    
Cash paid (received) for interest (277) 229
Cash paid (refunded) for income taxes 137 (10)
Non-cash Investing and Financing Activities    
Property and equipment purchased but not yet paid $ 4,801 $ 6,239