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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net Income (Loss) $ 56,068 $ 108,285
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangibles and right-of-use assets 99,100 91,474
Impairment of right-of-use asset 0 2,012
Deferred taxes (9,249) 10,837
Non-cash share-based compensation expense 9,433 10,615
Gain on sale of assets, net (910) (4,834)
Changes in operating assets and liabilities, net of acquisition:    
Restricted investments (281) (2,197)
Accounts receivable, net 15,784 103,270
Prepaid taxes 4,537 1,729
Prepaid expenses and other current assets 19,697 17,469
Other non-current assets (1,503) (1,899)
Accounts payable (14,270) (55,085)
Accrued expenses (6,542) (47,700)
Non-current liabilities (21,399) (12,595)
Net cash provided by operating activities 150,465 221,381
Cash flows from investing activities:    
Proceeds from sale of equipment 5,750 15,135
Purchases of property and equipment (31,255) (65,635)
Acquisitions, net of cash acquired 3,701 108
Net cash used in investing activities (21,804) (50,392)
Cash flows from financing activities:    
Repayments of long-term debt (53,233) (56,191)
Purchase of treasury stock (32,938) (100,026)
Dividends paid (15,230) 0
Stock withheld for payments of withholding taxes (8,664) (7,818)
Finance lease payments (1,217) (1,501)
Proceeds from issuance of debt 15,618 50,289
Net cash used in financing activities (95,664) (115,247)
Effect of exchange rate changes on cash and cash equivalents (20) 45
Net increase in cash and cash equivalents 32,977 55,787
Cash and cash equivalents beginning of the period 187,270 286,642
Cash and cash equivalents end of the period 220,247 342,429
Supplemental disclosures of cash paid for:    
Interest paid 7,413 6,688
Income taxes paid, net $ 20,684 $ 14,410