XML 17 R5.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 88,333 $ 60,270
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 33,183 27,672
Amortization of debt issuance costs and non-cash interest 597 877
Gain on disposal of property and equipment (2,964) (2,631)
Deferred taxes 3,517 6,790
Stock-based compensation 9,382 7,003
Changes in operating assets and liabilities (Note 14) 38,513 81,126
Net cash provided by operating activities 170,561 181,107
Cash flows from investing activities:    
Acquisitions, net of cash acquired (1,016) 0
Disposition proceeds 0 14,000
Capital expenditures (51,309) (38,859)
Proceeds from sale of property and equipment 6,944 8,525
Net cash used in investing activities (45,381) (16,334)
Cash flows from financing activities:    
Repayments of debt (13,324) (67,589)
Repurchase of common stock (30,142) 0
Withholding taxes paid on net share settlement of equity awards (13,264) (4,328)
Other (28) 0
Net cash used in financing activities (56,758) (71,917)
Net change in cash, cash equivalents, and restricted cash 68,422 92,856
Cash, cash equivalents and restricted cash at beginning of period 471,563 185,265
Cash, cash equivalents and restricted cash at end of period 539,985 278,121
Less: restricted cash 0 0
Cash and cash equivalents at end of period 539,985 278,121
Non-cash items:    
Capital expenditures $ 1,325 $ 705