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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 $ 69,402 $ 48,965
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization of property and equipment 30,850 28,575
Amortization of operating lease right-of-use assets 13,281 11,597
Amortization of intangibles 20,378 18,065
Amortization of deferred financing costs and debt discount 1,000 845
Provision for credit losses 3,839 3,173
Write-off of debt issuance costs   2,774
Gain on sale of property and equipment (592) (69)
Noncash stock compensation 8,050 6,442
Deferred income taxes (3,405)  
Amortization of terminated interest rate swap 508  
Changes in assets and liabilities, excluding effects of acquisitions    
Accounts receivable (9,624) (29,144)
Inventories 5,983 (852)
Other assets 9,027 (4,845)
Accounts payable (14,746) 2,535
Income taxes receivable/payable 14,192 13,487
Other liabilities (4,259) 4,969
Net cash provided by operating activities 143,884 106,517
Cash flows from investing activities    
Purchases of investments (776) (17,352)
Maturities of short term investments 37,473 22,560
Purchases of property and equipment (25,515) (37,267)
Acquisitions of businesses (38,825) (24,740)
Proceeds from sale of property and equipment 828 563
Other (2,662) (1,795)
Net cash used in investing activities (29,477) (58,031)
Cash flows from financing activities    
Proceeds from senior notes   300,000
Payments on term loan   (195,750)
Proceeds from vehicle and equipment notes payable 17,759 23,767
Debt issuance costs (157) (5,191)
Principal payments on long-term debt (19,801) (15,278)
Principal payments on finance lease obligations (1,998) (3,398)
Acquisition-related obligations (3,896) (5,797)
Repurchase of common stock (15,759)  
Surrender of common stock awards by employees (973) (2,331)
Net cash (used in) provided by financing activities (24,825) 96,022
Net change in cash and cash equivalents 89,582 144,508
Cash and cash equivalents at beginning of period 177,889 90,442
Cash and cash equivalents at end of period 267,471 234,950
Supplemental disclosures of cash flow information Net cash paid during the period for:    
Interest 24,130 17,746
Income taxes, net of refunds 13,798 3,790
Supplemental disclosure of noncash activities    
Right-of-use assets obtained in exchange for operating lease obligations 18,340 11,593
Termination of operating lease obligations and right-of-use assets   (2,814)
Property and equipment obtained in exchange for finance lease obligations 853 2,175
Seller obligations in connection with acquisition of businesses 6,965 4,322
Unpaid purchases of property and equipment included in accounts payable $ 1,229 $ 1,527