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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net income $ 11,630 $ 36,066
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,508 26,276
Non-cash lease expense 33 181
Share-based compensation 3,290 3,141
Amortization of debt issuance costs and discounts on debt 1,079 1,117
Gain on disposal of assets (86) (41)
Provision for credit losses 232 188
Deferred income taxes 0 (20,559)
Loss on debt extinguishment 0 181
Changes in operating assets and liabilities:    
Accounts receivable 2,691 (2,003)
Prepaid expenses, inventories and other current assets 6,690 (10,177)
Other assets 144 (167)
Accounts payable and other accrued expenses 5,434 9,492
Other liabilities (99) (177)
Net cash provided by operating activities 54,546 43,518
Cash flows from investing activities    
Purchase of property and equipment, net of change in construction payables (25,072) (10,813)
Proceeds from disposal of property and equipment 211 90
Net cash used in investing activities (24,861) (10,723)
Cash flows from financing activities    
Repayments of term loan 0 (25,000)
Repayments of notes payable (24) (433)
Principal payments under finance leases (125) (117)
Payment for debt extinguishment and modification costs 0 (12)
Tax withholding on share-based payments (15,373) (10,298)
Proceeds from issuance of common stock, net of costs 6 4
Repurchases of common stock 0 (15,196)
Net cash used in financing activities (15,516) (51,052)
Change in cash and cash equivalents 14,169 (18,257)
Balance, beginning of period 142,034 220,540
Balance, end of period 156,203 202,283
Cash and cash equivalents    
Cash and cash equivalents 110,474 202,283
Cash and cash equivalents included in assets held for sale 45,729 0
Balance, end of period 156,203 202,283
Supplemental cash flow disclosures    
Cash paid for interest 11,109 6,435
Non-cash investing and financing activities    
Payables incurred for capital expenditures 2,342 2,790
Loss on debt extinguishment 0 181
Operating lease right-of-use assets obtained in exchange for lease obligations $ 110 $ 4,352