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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 6,620 $ 5,644
Adjustments to reconcile net income to net cash flows provided by (used in) operating activities:    
Depreciation and amortization of property and equipment 9,815 9,275
Amortization of intangible assets 734 117
Stock-based compensation expense 951 420
Deferred income taxes (315) 48
Gain on sale of property and equipment (471) (1,051)
Other non-cash items (56) 702
Changes in operating assets and liabilities:    
Accounts receivable, net (9,380) 23,663
Contract assets (27,615) (12,753)
Receivable for insurance claims in excess of deductibles 1,178 (290)
Other assets (849) 1,405
Accounts payable 38,220 (3,765)
Contract liabilities (30,033) (12,333)
Accrued self insurance (580) (857)
Other liabilities 3,576 11,808
Net cash flows provided by (used in) operating activities (8,205) 22,033
Cash flows from investing activities:    
Proceeds from sale of property and equipment 832 1,074
Purchases of property and equipment (9,911) (14,497)
Net cash flows used in investing activities (9,079) (13,423)
Cash flows from financing activities:    
Net borrowings (repayments) under revolving lines of credit 21,609 (11,578)
Payment of principal obligations under equipment notes (1,455) 0
Payment of principal obligations under capital leases (230) (272)
Proceeds from exercise of stock options 282 581
Repurchase of common shares (778) (934)
Other financing activities (8,364) 0
Net cash flows provided by (used in) financing activities 11,064 (12,203)
Effect of exchange rate changes on cash 51 (31)
Net decrease in cash and cash equivalents (6,169) (3,624)
Cash and cash equivalents:    
Beginning of period 7,507 5,343
End of period $ 1,338 $ 1,719