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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities        
Net income $ 14,003 $ 29,051 $ 71,289 $ 142,677
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 24,286 26,474 75,894 80,342
Change in non-cash lease expense (298) (143) 113 517
Share-based compensation     9,718 8,205
Amortization of debt issuance costs and discounts on debt     3,150 3,370
Loss on disposal of assets 266 (72) 935 747
Provision for credit losses     627 260
Deferred income taxes     (19,446) 325
Loss on debt extinguishment 158 759 1,412 759
Changes in operating assets and liabilities:        
Accounts receivable     (4,781) (7,325)
Prepaid expenses, inventories and other current assets     (10,032) (5,666)
Other assets     (4,046) (1,022)
Accounts payable and other accrued expenses     3,659 26,915
Other liabilities     (1,197) (806)
Net cash provided by operating activities     127,295 249,298
Cash flows from investing activities        
Purchase of property and equipment, net of change in construction payables     (33,506) (20,828)
Proceeds from disposal of property and equipment     118 329
Net cash used in investing activities     (33,388) (20,499)
Cash flows from financing activities        
Repayments of term loan     (50,000) (97,000)
Repurchases of senior notes     (37,539) 0
Repayments of notes payable     (488) (3,284)
Principal payments under finance leases     (404) (6,064)
Payment for debt extinguishment and modification costs     (12) 0
Tax withholding on share-based payments     (10,680) (6,832)
Proceeds from issuance of common stock, net of costs     4 9
Proceeds from exercise of stock options     0 98
Repurchases of common stock     (37,670) 0
Net cash used in financing activities     (136,789) (113,073)
Change in cash and cash equivalents     (42,882) 115,726
Balance, beginning of period     220,540 103,558
Balance, end of period 177,658 219,284 177,658 219,284
Cash and cash equivalents        
Cash and cash equivalents 170,486 219,284 170,486 219,284
Cash and cash equivalents included in assets held for sale 7,172 0 7,172 0
Balance, end of period $ 177,658 $ 219,284 177,658 219,284
Supplemental cash flow disclosures        
Cash paid for interest     35,612 36,556
Cash paid for income taxes     13,709 0
Non-cash investing and financing activities        
Payables incurred for capital expenditures     1,066 904
Loss on debt extinguishment     1,412 0
Operating lease right-of-use assets obtained in exchange for lease obligations     $ 19,671 $ 37,429