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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 $ 121,699 $ 88,333
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34,613 33,183
Amortization of debt issuance costs and non-cash interest 472 597
Gain on disposal of property and equipment (1,340) (2,964)
Distribution of earnings from unconsolidated subsidiary 10,319 0
Equity in earnings from unconsolidated subsidiary (5,677) 0
Deferred taxes 5,414 3,517
Stock-based compensation 12,278 9,382
Changes in operating assets and liabilities (Note 14) (7,467) 38,513
Net cash provided by operating activities 170,311 170,561
Cash flows from investing activities:    
Acquisitions, net of cash acquired (37,860) (1,016)
Capital expenditures (31,262) (51,309)
Proceeds from sale of property and equipment 2,645 6,944
Net cash used in investing activities (66,477) (45,381)
Cash flows from financing activities:    
Repayments of debt (17,275) (13,324)
Repurchase of common stock (43,846) (30,142)
Withholding taxes paid on net share settlement of equity awards (6,126) (13,264)
Debt issuance costs 1,409 0
Other 0 (28)
Net cash used in financing activities (68,656) (56,758)
Net change in cash, cash equivalents, and restricted cash 35,178 68,422
Cash, cash equivalents and restricted cash at beginning of period 664,195 471,563
Cash, cash equivalents and restricted cash at end of period 699,373 539,985
Less: restricted cash 0 0
Cash and cash equivalents at end of period 699,373 539,985
Non-cash items:    
Accrued capital expenditures $ 1,932 $ 1,325