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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 65,046 $ 48,617
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 32,245 28,308
Amortization of deferred loan costs 1,085 630
Stock-based compensation 3,442 3,099
Stock Based Compensation - Restricted Stock 80  
Provision for bad debts 114 44
Loss on disposition of assets 8 138
Non-cash operating lease expense (1)  
Deferred income taxes   1
Changes in operating assets and liabilities:    
Receivables (1,153) (4,936)
Income taxes receivable 2,300 3,571
Inventories 625 1,706
Prepaid expenses (197) 1,721
Right of use asset, net   (13)
Accounts payable (2,065) 3,281
Accrued expenses 4,655 10,110
Net cash provided by operating activities 106,184 96,277
Cash flows from investing activities:    
Proceeds from sale of assets 138 20
Change in construction accounts payable (9,243) 5,309
Acquisition of property and equipment (31,425) (26,992)
Net cash used in investing activities (40,530) (21,663)
Cash flows from financing activities:    
Payroll taxes from net exercise of stock options (2,468) (730)
Proceeds from exercise of stock options 5,927 5,342
Line-of-credit borrowings 3,000  
Line-of-credit payments (3,000)  
Principal payments on long-term debt (63,000) (74,500)
Loan issuance cost (6,500)  
Net cash (used in) provided by financing activities (66,041) (69,888)
Change in cash and cash equivalents (387) 4,726
Cash and cash equivalents at beginning of period 33,526 28,310
Cash and cash equivalents at end of period 33,139 33,036
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 1,139 2,207
Cash paid for income taxes $ 13,800 $ 8,100