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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
Net income $ 173,961 $ 195,433 $ 298,209
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 136,265 132,900 127,119
Amortization of intangibles 12,822 12,829 12,920
Share-based compensation expense 11,355 11,438 12,775
Provision for losses on accounts receivable 4,834 3,630 6,955
Change in deferred income taxes 22,437 (5,566) (6,250)
(Gain) loss on sale of property and equipment (2,176) 4,797 (11,650)
Gain on sale of subsidiary     (402)
Pre-tax gain on sale of discontinued operations (806) (70,201)  
Asset impairment charges 1,700 30,162  
Change in fair value of contingent consideration (90,250) (19,100) 18,300
Change in fair value of equity investment, decrease 28,739    
Change in fair value of equity investment, increase   (3,739)  
Changes in operating assets and liabilities:      
Receivables 45,499 41,189 (10,349)
Prepaid expenses (11,214) 2,563 (410)
Other assets (4,120) 3,830 (2,941)
Income taxes (14,956) (10,657) (5,041)
Operating right-of-use assets and lease liabilities, net (7,205) 2,920 2,952
Accounts payable, accrued expenses, and other liabilities (21,039) (10,261) 28,632
NET CASH PROVIDED BY OPERATING ACTIVITIES 285,846 322,167 470,819
INVESTING ACTIVITIES      
Purchases of property, plant and equipment, net of financings (223,103) (219,021) (148,223)
Proceeds from sale of property and equipment 15,373 7,763 19,691
Proceeds from sale of discontinued operations   100,949  
Business acquisition, net of cash acquired     2,279
Proceeds from the sale of subsidiary     475
Purchases of short-term investments (29,236) (96,537) (182,352)
Proceeds from sale of short-term investments 66,584 198,120 64,329
Capitalization of internally developed software (16,897) (12,977) (17,282)
NET CASH USED IN INVESTING ACTIVITIES (187,279) (21,703) (261,083)
FINANCING ACTIVITIES      
Borrowings under credit facilities     58,000
Proceeds from notes payable     14,206
Payments on long-term debt (120,518) (69,180) (115,540)
Net change in book overdrafts (3,504) (14,101) 8,356
Deferred financing costs (62) 55 (952)
Payment of common stock dividends (11,295) (11,542) (10,830)
Purchases of treasury stock (75,233) (91,531) (65,002)
Payments for tax withheld on share-based compensation (22,737) (10,311) (16,222)
NET CASH USED IN FINANCING ACTIVITIES (233,349) (196,610) (127,984)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (134,782) 103,854 81,752
CASH AND CASH EQUIVALENTS AT END OF PERIOD 127,444 262,226 158,372
NONCASH INVESTING ACTIVITIES      
Equipment financed 80,714 33,495 82,425
Accruals for equipment received 463 1,727 4,337
Lease liabilities arising from obtaining right-of-use assets $ 49,452 $ 62,425 $ 87,294