XML 16 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 27,044 $ 22,108
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34,693 $ 36,380
Amortization of deferred financing costs 404
Equity-based compensation 3,046 $ 273
Deferred income taxes (2,670) (5,580)
Net loss on sales of property, plant and equipment 408 417
Changes in operating assets and liabilities:    
Accounts receivable, net 4,967 3,849
Prepaid assets (4,948) (2,068)
Accounts payable and accrued liabilities 2,473 (428)
Deferred revenue 29 1,046
Income taxes payable 11,765 87
Other assets and other liabilities, net 328 (314)
Net cash provided by operating activities 77,539 55,770
Cash flows from investing activities:    
Capital expenditures (27,395) (31,702)
Change in accrued expenses related to capital expenditures (19,365) (5,715)
Proceeds from sales of property, plant and equipment 195 8
Net cash used in investing activities $ (46,565) (37,409)
Cash flows from financing activities:    
Net transfers to GHC $ (11,620)
Payments on long-term debt $ (628)
Repurchase of common stock (34,591)
Dividends paid to stockholders (8,694)
Cash overdraft (43) $ (4,087)
Net cash used in financing activities (43,956) (15,707)
Change in cash and cash equivalents (12,982) 2,654
Cash and cash equivalents, beginning of period 119,199 6,410
Cash and cash equivalents, end of period 106,217 $ 9,064
Supplemental cash flow disclosures:    
Cash paid for interest expense 646
Cash paid for income taxes $ 3,624 $ 1,181
Non-cash investing and financing activity:    
Equipment financed with capital lease $ 301