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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 40,695 $ 29,540 $ 15,817
Amortization of deferred debt costs      
Depreciation and amortization 20,740 16,770 16,994
Amortization of deferred debt costs 3,393 3,250 2,563
(Gain) loss on disposal of property and equipment (527) (580) 171
Loss on debt extinguishment 4,334 0 755
Deferred taxes (27,398) 1,450 0
Stock-based compensation 3,788 3,064 2,843
Unrealized gain on hedge (30) 0 0
Changes in operating assets and liabilities (3,902) (14,020) (14,376)
Net cash provided by operating activities 41,093 39,474 24,767
Cash flows from investing activities:      
Capital expenditures (15,397) (13,171) (9,420)
Proceeds from sale of property and equipment 1,334 1,789 8,384
Net cash used in investing activities (410,386) (11,382) (55,897)
Cash flows from financing activities:      
Cash received from credit facility 430,000 0 85,000
Repayments of long-term debt (87,621) (11,555) (4,710)
Distributions to noncontrolling interest owners (7,360) (1,350) 0
Purchase of treasury stock (3,201) (4,731) 0
Debt issuance costs (10,688) 0 (6,871)
Other (199) (314) (1,121)
Net cash provided by (used in) financing activities 320,931 (17,950) 72,298
Net change in cash and cash equivalents (48,362) 10,142 41,168
Cash and cash equivalents at beginning of period 94,095 83,953 42,785
Cash and cash equivalents at end of period 45,733 94,095 83,953
Supplemental disclosures of cash flow information:      
Cash paid during the period for interest 11,566 10,829 9,800
Cash paid during the period for income taxes 94 276 279
Non-cash items:      
Share consideration given for acquisitions 16,195 0 17,601
Notes and deferred payments to sellers 10,000 0 11,588
Estimated tax basis election   0 0
Warrants issued to lenders (1,000 Warrants) 0 0 3,500
Plateau      
Cash flows from investing activities:      
Payments to acquire businesses, net of cash acquired (396,323) 0 0
Tealstone      
Cash flows from investing activities:      
Payments to acquire businesses, net of cash acquired $ 0 $ 0 $ (54,861)