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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Cash flows from operating activities      
Net income $ 265.4 $ 256.6 $ 243.7
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization of property and equipment 66.2 59.1 52.2
Amortization of operating lease right-of-use assets 37.6 32.9 29.0
Amortization of intangibles 41.1 42.5 44.5
Amortization of deferred financing costs and debt discount 1.5 1.6 1.9
Provision for credit losses 8.1 6.0 6.3
Write-off of debt issuance costs 0.0 1.5 0.9
Gain on sale of property and equipment (1.6) (1.9) (1.9)
Noncash stock compensation 21.5 19.4 15.9
Asset impairment 0.0 4.9 0.0
Deferred income taxes 3.7 1.7 0.5
Other, net (12.1) (13.1) (12.2)
Changes in assets and liabilities, excluding effects of acquisitions      
Accounts receivable (13.7) (10.8) (25.1)
Inventories (5.8) (26.3) 16.5
Other assets 1.2 (7.9) (11.0)
Accounts payable (25.2) (18.8) 5.1
Income taxes receivable/payable 2.1 3.4 (5.7)
Other liabilities (18.6) (10.8) (20.4)
Net cash provided by operating activities 371.4 340.0 340.2
Cash flows from investing activities      
Purchases of property and equipment (70.6) (88.6) (61.6)
Acquisitions of businesses, net of cash acquired of $—, $— and $0.5 in 2025, 2024 and 2023, respectively (51.5) (88.6) (59.6)
Proceeds from sale of property and equipment 2.7 2.9 2.7
Settlements with interest rate swap counterparties 13.6 17.5 16.7
Other, net (6.2) (2.3) (1.6)
Net cash used in investing activities (112.0) (159.1) (103.4)
Cash flows from financing activities      
Proceeds from term loan (Note 8) 0.0 186.0 0.0
Payments on term loan (Note 8) (5.0) (179.8) (5.0)
Proceeds from vehicle and equipment notes payable 46.3 28.7 38.7
Debt issuance costs 0.0 (1.5) (0.5)
Principal payments on long-term debt (31.2) (30.0) (29.5)
Principal payments on finance lease obligations (3.1) (3.0) (2.9)
Acquisition-related obligations (2.8) (2.2) (4.7)
Dividends paid (87.6) (84.7) (63.1)
Repurchase of common stock (172.6) (145.3) (6.3)
Surrender of common stock awards by employees (9.1) (8.0) (6.6)
Net cash used in financing activities (265.1) (239.8) (79.9)
Net change in cash and cash equivalents (5.7) (58.9) 156.9
Cash and cash equivalents at beginning of period 327.6 386.5 229.6
Cash and cash equivalents at end of period 321.9 327.6 386.5
Supplemental disclosures of cash flow information      
Interest 41.0 43.7 42.5
Income taxes, net of refunds 82.1 83.6 92.5
Supplemental disclosure of noncash activities      
Right-of-use assets obtained in exchange for operating lease obligations 40.7 49.4 30.7
Property and equipment obtained in exchange for finance lease obligations 1.9 2.0 3.3
Seller obligations in connection with acquisition of businesses 5.0 5.6 9.3
Unpaid purchases of property and equipment included in accounts payable 0.9 5.7 3.1
Accrued excise tax on common stock repurchases $ 1.5 $ 1.3 $ 0.0