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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net income $ 15,988 $ 8,834
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization of property and equipment 10,374 9,111
Amortization of operating lease right-of-use assets 4,207 3,798
Amortization of intangibles 6,680 5,888
Amortization of deferred financing costs and debt discount 325 282
Provision for credit losses 1,298 828
Gain on sale of property and equipment (35) (19)
Noncash stock compensation 2,681 2,022
Changes in assets and liabilities, excluding effects of acquisitions    
Accounts receivable (1,000) (3,704)
Inventories 1,411 799
Other assets 6,933 (1,048)
Accounts payable (8,308) (7,807)
Income taxes receivable/payable 5,649 2,746
Other liabilities (10,291) (5,841)
Net cash provided by operating activities 35,912 15,889
Cash flows from investing activities    
Purchases of investments (776) (7,482)
Maturities of short term investments 12,275 7,530
Purchases of property and equipment (9,919) (8,658)
Acquisitions of businesses (8,501) (5,125)
Proceeds from sale of property and equipment 162 196
Other (1,340) (420)
Net cash used in investing activities (8,099) (13,959)
Cash flows from financing activities    
Payments on term loan   (1,000)
Proceeds from vehicle and equipment notes payable 7,094 4,908
Debt issuance costs (22)  
Principal payments on long-term debt (6,711) (3,946)
Principal payments on finance lease obligations (738) (1,366)
Acquisition-related obligations (2,378) (2,818)
Repurchase of common stock (15,759)  
Surrender of common stock awards by employees   (4)
Net cash used in financing activities (18,514) (4,226)
Net change in cash and cash equivalents 9,299 (2,296)
Cash and cash equivalents at beginning of period 177,889 90,442
Cash and cash equivalents at end of period 187,188 88,146
Supplemental disclosures of cash flow information Net cash paid during the period for:    
Interest 9,798 5,816
Income taxes, net of refunds 37 737
Supplemental disclosure of noncash activities    
Right-of-use assets obtained in exchange for operating lease obligations 5,612 3,851
Property and equipment obtained in exchange for finance lease obligations 343 1,108
Seller obligations in connection with acquisition of businesses 2,570 1,380
Unpaid purchases of property and equipment included in accounts payable $ 1,346 $ 1,503