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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 42,591 $ 33,759
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,991 16,258
Amortization of debt issuance costs and non-cash interest 256 305
Gain on disposal of property and equipment (782) (585)
Equity in earnings from unconsolidated subsidiary (1,892) 0
Deferred taxes 650 1,517
Stock-based compensation 6,683 4,586
Changes in operating assets and liabilities (Note 14) 20,386 (6,249)
Net cash provided by operating activities 84,883 49,591
Cash flows from investing activities:    
Acquisitions, net of cash acquired (37,860) (1,016)
Capital expenditures (17,924) (22,432)
Proceeds from sale of property and equipment 1,573 2,401
Net cash used in investing activities (54,211) (21,047)
Cash flows from financing activities:    
Repayments of debt (6,606) (6,678)
Repurchase of common stock (43,846) 0
Withholding taxes paid on net share settlement of equity awards (5,768) (13,015)
Net cash used in financing activities (56,220) (19,693)
Net change in cash, cash equivalents, and restricted cash (25,548) 8,851
Cash, cash equivalents and restricted cash at beginning of period 664,195 471,563
Cash, cash equivalents and restricted cash at end of period 638,647 480,414
Less: restricted cash 0 0
Cash and cash equivalents at end of period 638,647 480,414
Non-cash items:    
Capital expenditures $ 1,519 $ 6,499