XML 18 R6.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,447 $ 16,270
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 91,990 119,065
Deferred income tax expense 3,531 10,357
Amortization of deferred debt issuance costs 216 217
Stock-based compensation 8,070 8,360
Loss on disposal of assets 14,092 398
Unrealized gain on short-term investment (314) (52)
Business acquisition contingent consideration adjustments (400) 0
Changes in operating assets and liabilities:    
Accounts receivable (14,731) 26,641
Other current assets (1,903) (568)
Inventories (220) (1,036)
Prepaid expenses 6,191 2,797
Accounts payable 2,461 (5,254)
Accrued and other current liabilities (2,527) 2,568
Net cash provided by operating activities 108,903 179,763
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (78,044) (71,805)
Business acquisition, net of cash acquired 0 (21,038)
Proceeds from sale of assets 8,676 1,920
Proceeds from note receivable from sale of business 844 0
Net cash used in investing activities (68,524) (90,923)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of finance lease obligations (9,231) (8,542)
Repayments of insurance financing (2,979) 0
Payment of debt issuance costs (425) 0
Tax withholdings paid for net settlement of equity awards (2,816) (1,270)
Share repurchases 0 (45,496)
Payment of excise tax on share repurchases (531) 0
Net cash used in financing activities (15,982) (55,308)
NET INCREASE IN CASH AND CASH EQUIVALENTS 24,397 33,532
CASH AND CASH EQUIVALENTS - Beginning of period 50,443 33,354
CASH AND CASH EQUIVALENTS - End of period 74,840 66,886
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Capital expenditures included in accounts payable and accrued liabilities 29,136 21,588
Equipment purchases financed and corresponding issuances of loans 18,910 0
Leasehold improvements financed by operating lease landlord 350 0
Business acquisition deferred cash consideration included in other current liabilities 0 4,201
Business acquisition contingent consideration included in other long-term liabilities $ 0 $ 10,900