XML 15 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income $ 15,610 $ 6,341
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,499 19,862
Amortization of debt issuance costs 561 538
Share-based compensation 5,352 2,509
(Gain) loss on disposal of property and equipment 308 (344)
Gain on revaluation of contingent consideration (1,719)  
Deferred income taxes (10,798) 776
Other operating activities   (18)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (1,419) (973)
Income taxes receivable 2,142  
Prepaid expenses (2,209) (2,916)
Inventories and other current assets (455) (90)
Other assets (559) (270)
Accounts payable and other accrued expenses 5,322 1,745
Accrued taxes, other than income taxes (2,065) (212)
Other liabilities 236 856
Net cash provided by operating activities 31,806 27,804
Cash flows from investing activities    
Purchase of property and equipment (18,383) (24,208)
Deposit paid for asset purchase (2,467)  
Acquisition of businesses, net of cash acquired   (41,273)
Proceeds from disposal of property and equipment   400
Issuance of notes receivable   (107)
Other investing activities (196) (2,083)
Net cash used in investing activities (21,046) (67,271)
Cash flows from financing activities    
Repayments of Revolving Credit Facility (4,000)  
Borrowings on Revolving Credit Facility 1,000  
Repayments of Term Loans (9,000) (5,500)
Proceeds from Term Loans   40,000
Repayments of notes payable (3,049) (1,539)
Proceeds from leased equipment obligation 742 0
Dividends paid   (23,529)
Proceeds from issuance of common stock 168 1,778
Payments for debt issuance costs   (500)
Principal payments under capital leases (608) (457)
Net cash provided by (used in) financing activities (14,747) 10,253
Cash and cash equivalents    
Net decrease for the period (3,987) (29,214)
Balance, beginning of period 46,898 69,177
Balance, end of period 42,911 39,963
Supplemental cash flow disclosures    
Cash paid interest 5,073 4,248
Non-cash investing and financing activities    
Payables incurred for capital expenditures 4,317  
Notes payable issued for property and equipment 717 345
Assets acquired under capital lease obligations $ 3,015 2,597
Common stock issued in connection with acquisition   $ 500