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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 3,215 $ 1,861
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 8,285 4,302
Amortization of debt issuance costs 1,022 833
Gain on disposal of property and equipment (393) (38)
Deferred taxes 913 141
Stock-based compensation expense 2,234 1,021
Unrealized loss on hedge 171 0
Changes in operating assets and liabilities (Note 17) (4,676) (27,362)
Net cash provided by (used in) operating activities 10,771 (19,242)
Cash flows from investing activities:    
Capital expenditures (7,354) (3,814)
Proceeds from sale of property and equipment 512 137
Net cash used in investing activities (6,842) (3,677)
Cash flows from financing activities:    
Borrowings on revolving credit facility 30,000 0
Repayments of long-term debt (5,082) (5,610)
Distributions to noncontrolling interest owners 0 (5,100)
Purchase of treasury stock 0 (3,201)
Other (675) (501)
Net cash provided by (used in) financing activities 24,243 (14,412)
Net change in cash and cash equivalents 28,172 (37,331)
Cash and cash equivalents at beginning of period 45,733 94,095
Cash and cash equivalents at end of period $ 73,905 $ 56,764