XML 18 R8.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 71,996 $ 33,838
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 123,546 124,348
Long-lived and other asset impairment 8,383 16,217
Non-cash restructuring charges 211  
Unrealized change in fair value of investment in unconsolidated affiliate 1,996  
Inventory write-downs 381 1,040
Amortization of operating lease right-of-use assets 2,488 2,407
Amortization of deferred financing costs 4,599 3,864
Amortization of debt premium (1,504) (1,504)
Amortization of capitalized implementation costs 1,841  
Amortization of dedesignated interest rate swap   410
Interest rate swaps   631
Stock-based compensation expense 9,715 9,035
Benefit from credit losses (234) (28)
Gain on sale of assets, net (8,018) (5,535)
Gain on sale of business   (28,220)
Deferred income tax provision 26,411 13,624
Amortization of contract costs 15,636 14,211
Deferred revenue recognized in earnings (11,043) (15,709)
Changes in operating assets and liabilities:    
Accounts receivable, net (7,315) (29,130)
Inventory (1,672) (8,339)
Other assets (1,635) 697
Contract costs (18,854) (22,486)
Accounts payable and other liabilities 10,745 37,251
Deferred revenue 10,733 19,614
Other 62 96
Net cash provided by operating activities 238,468 166,332
Cash flows from investing activities:    
Capital expenditures (261,977) (171,032)
Proceeds from sale of business   99,785
Proceeds from sale of property, equipment and other assets 54,663 13,348
Proceeds from insurance and other settlements 1,157 3,353
Investments in unconsolidated entities (2,000) (12,000)
Net cash used in investing activities (208,157) (66,546)
Cash flows from financing activities:    
Borrowings of long-term debt 577,725 579,483
Repayments of long-term debt (522,075) (611,983)
Payments of debt issuance costs (5,734)  
Payments for settlement of interest rate swaps that include financing elements   (1,334)
Dividends paid to stockholders (71,606) (67,726)
Net proceeds from issuance of common stock   4,182
Repurchases of common stock (6,495)  
Taxes paid related to net share settlement of equity awards (3,784) (2,397)
Proceeds from stock issued under ESPP 574 462
Net cash used in financing activities (31,395) (99,313)
Net increase (decrease) in cash and cash equivalents (1,084) 473
Cash and cash equivalents, beginning of period 1,566 1,569
Cash and cash equivalents, end of period $ 482 $ 2,042