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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 53,111 $ 38,218
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 57,029 38,251
Deferred taxes 4,272 11,767
Compensation expense related to share-based compensation plans 8,687 6,982
Contingent consideration adjustment   (3,571)
Gain on sale of assets (1,526) (90)
Changes in operating assets and liabilities:    
Restricted investments (2,736) 74
Accounts receivable, net 55,089 (29,748)
Prepaid taxes (422) 6,820
Prepaid expenses and other current assets 15,932 9,935
Other assets (2,349) 1,869
Accounts payable (38,391) 9,878
Accrued expenses (14,620) 4,857
Non-current liabilities 1,187 2,382
Net cash provided by operating activities 135,263 97,624
Cash flows from investing activities:    
Proceeds from sale of equipment 7,664 1,234
Purchases of property and equipment (28,712) (69,261)
Proceeds from the disposition of discontinued operations 19,439  
Acquisition, net of cash acquired (734)  
Net cash used in investing activities (2,343) (68,027)
Cash flows from financing activities:    
Purchase of treasury stock (7,282)  
Proceeds from issuance of debt 18,335 58,161
Repayments of long term debt (51,324) (84,051)
Stock tendered for payments of withholding taxes (2,746) (4,017)
Finance lease payments (1,465) (1,483)
Net cash used in financing activities (44,482) (31,390)
Effect of exchange rate changes on cash and cash equivalents (10) (11)
Net (decrease) increase in cash and cash equivalents 88,428 (1,804)
Cash and cash equivalents beginning of the period 61,435 28,557
Cash and cash equivalents end of the period 149,863 26,753
Supplemental disclosures of cash paid for:    
Interest 5,578 4,182
Income taxes $ 21,500 $ 752