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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:        
Net income $ 26,372 $ 20,217 $ 45,895 $ 31,885
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization     25,412 16,707
Amortization of debt issuance costs and non-cash interest     1,102 1,264
Gain on disposal of property and equipment     (716) (437)
Gain on debt extinguishment, net 0 (1,401) (2,428) (1,064)
Deferred taxes 8,865 7,152 14,505 11,294
Stock-based compensation     6,463 3,850
Change in fair value of interest rate swap     (173) (51)
Changes in operating assets and liabilities (Note 16)     (55,471) 28,044
Net cash provided by operating activities     34,589 91,492
Cash flows from investing activities:        
Acquisitions, net of cash acquired     (3,033) 0
Capital expenditures     (28,945) (22,150)
Proceeds from sale of property and equipment     951 690
Net cash used in investing activities     (31,027) (21,460)
Cash flows from financing activities:        
Repayments of debt     (11,770) (40,072)
Distributions to noncontrolling interest owners     0 (1,959)
Other     0 (602)
Net cash used in financing activities     (11,770) (42,633)
Net change in cash, cash equivalents, and restricted cash     (8,208) 27,399
Cash, cash equivalents, and restricted cash at beginning of period     88,693 72,642
Cash, cash equivalents, and restricted cash at end of period 80,485 100,041 80,485 100,041
Less: restricted cash (other current assets) (7,580) (6,411) (7,580) (6,411)
Cash and cash equivalents at end of period $ 72,905 $ 93,630 72,905 93,630
Non-cash items:        
Capital expenditures     $ 1,097 $ 4,425