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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES:    
Net income $ 35,663 $ 20,388
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 83,053 62,281
Non-cash impairment charges 4,941 3,290
Deferred income tax 789 (935)
Amortization of debt issuance costs 4,953 1,178
Realized loss on sale of short-term investment 0 2,287
Loss on disposal of property and equipment 969 443
Change in fair value of contingent consideration and other 1,214 (2,773)
Share-based compensation 15,786 16,359
Changes in assets and liabilities, net of business acquisitions:    
Accounts receivable 1,180 (9,861)
Inventories (3,441) (862)
Prepaid expenses and other current assets 3,432 (14,691)
Other non-current assets (1,397) (1,977)
Accounts payable, accrued expenses and other current liabilities 9,418 24,021
Deferred revenue (111) 1,405
Other non-current liabilities 546 2,442
Net cash provided by operating activities 156,995 102,995
INVESTING ACTIVITIES:    
Purchases of property and equipment (52,056) (29,806)
Proceeds from sale of short-term investments 0 16,951
Proceeds from note receivable 679 483
Proceeds from sale of property and equipment 298 157
Cash provided by business acquisitions 26,704  
Cash used in business acquisitions   (225,552)
Net cash used in investing activities (24,375) (237,767)
FINANCING ACTIVITIES:    
Borrowings under senior credit facility 50,000 571,383
Repayments under senior credit facility (460,000) (65,000)
Payment of debt issuance costs (4,388) 0
Proceeds from the issuance of common stock, net of issuance costs 349,590 0
Net cash paid for financing liabilities from business acquisitions (33,843) (4,661)
Proceeds from exercised stock options 9,239 9,774
Cash taxes paid in net equity settlement (7,415) (6,763)
Net cash (used in) provided by financing activities (96,817) 504,733
Effect of exchange rate changes on cash and cash equivalents (4,747) 9,927
Net increase in cash and cash equivalents 31,056 379,888
Cash and cash equivalents at beginning of period 174,935 102,055
Cash and cash equivalents at end of period $ 205,991 $ 481,943