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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net income $ 66,558 $ 61,910
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 31,569 28,926
Amortization of debt issuance costs 824 808
Equity-based compensation expense 7,629 7,925
Deferred income taxes 212 3,269
Other 1,089 (478)
Change in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net (23,968) (18,222)
Other current assets (23,430) (16,638)
Other assets (1,436) (202)
Accounts payable and other accrued liabilities 13,633 10,501
Accrued salaries and benefits (30,386) 246
Other liabilities 2,114 6,298
Government relief funds   (7,556)
Net cash provided by operating activities 44,408 76,787
Investing activities:    
Cash paid for capital expenditures (66,525) (50,527)
Proceeds from sale of property and equipment 409 1,294
Other (794) (460)
Net cash used in investing activities (66,910) (49,693)
Financing activities:    
Borrowings on revolving credit facility 40,000  
Principal payments on revolving credit facility   (10,000)
Principal payments on long-term debt (5,313) (2,656)
Repurchase of shares for payroll tax withholding, net of proceeds from stock option exercises (47,671) (11,741)
Contributions from noncontrolling partners in joint ventures 1,655 4,290
Distributions to noncontrolling partners in joint ventures   (447)
Other 11 14
Net cash used in financing activities (11,318) (20,540)
Net (decrease) increase in cash and cash equivalents (33,820) 6,554
Cash and cash equivalents at beginning of the period 97,649 133,813
Cash and cash equivalents at end of the period $ 63,829 $ 140,367