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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 18,118 $ 8,154
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,516 9,514
Amortization of deferred loan costs 359 293
Stock-based compensation 1,160 1,280
Stock Based Compensation - Restricted Stock 50  
Provision for bad debts 32 39
Loss on disposition of assets (25)  
Non-cash operating lease expense (1) (4)
Deferred income taxes   1
Changes in operating assets and liabilities:    
Receivables 1,362 (4,025)
Income taxes receivable 2,581 1,511
Inventories 187 855
Prepaid expenses 521 1,071
Accounts payable 835 703
Accrued expenses (257) 2,462
Net cash provided by operating activities 35,438 21,854
Cash flows from investing activities:    
Proceeds from sale of assets 27  
Change in construction accounts payable (7,266) 497
Acquisition of property and equipment (14,814) (6,427)
Net cash used in investing activities (22,053) (5,930)
Cash flows from financing activities:    
Payroll taxes from net exercise of stock options (2,468)  
Proceeds from exercise of stock options 5,206 2,409
Long-term debt borrowings 3,000  
Principal payments on long-term debt (13,000) (22,500)
Loan issuance cost (6,500)  
Net cash (used in) provided by financing activities (13,762) (20,091)
Change in cash and cash equivalents (377) (4,167)
Cash and cash equivalents at beginning of period 33,526 28,310
Cash and cash equivalents at end of period 33,149 24,143
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized $ 293 $ 1,328