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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income $ 50,731 $ 255,756 $ 82,346
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 90,034 88,933 100,123
Non-cash lease (benefit) expense (380) (15) 165
Share-based compensation 10,044 12,812 12,880
Amortization of debt issuance costs and discounts on debt 2,208 4,073 4,093
(Gain) loss on disposal of assets (213) (228) 934
Gain on sale of businesses 69,238 303,179 0
Provision for credit losses 159 643 753
Deferred income taxes 50,423 (17,739) (13,630)
Loss on debt extinguishment and modification 4,446 1,734 1,590
Impairment of assets 2,399 12,072 0
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 4,168 (128) (4,882)
Prepaid expenses, inventories and other current assets (5,060) 11,991 (24,082)
Other assets (1,063) (609) (4,307)
Accounts payable and other accrued expenses (75,230) 53,503 (4,494)
Income tax payable, net 29,711 0 0
Other liabilities (795) (416) (1,292)
Net cash provided by operating activities 92,344 119,203 150,197
Cash flows from investing activities      
Purchase of property and equipment, net of change in construction payables (49,900) (85,877) (51,419)
Acquisition of business, net of cash acquired (7,250) (10,000) 0
Proceeds from disposal of property and equipment 16 401 152
Proceeds from sale of businesses, net of cash sold 204,360 362,396 0
Net cash provided by (used in) investing activities 147,226 266,920 (51,267)
Cash flows from financing activities      
Repayments of term loan (4,000) (577,000) (75,000)
Issuance of new term loan 0 400,000 0
Proceeds from revolving credit facility 20,000 0 0
Repayments of senior notes (276,453) (59,008) (39,524)
Repayments of notes payable (661) (2,092) (512)
Principal payments under finance leases (1,283) (527) (541)
Payment for debt extinguishment and modification costs (6) (8,175) (12)
Tax withholding on share-based payments (7,356) (16,902) (10,680)
Cash dividends paid (21,306) (57,727) 0
Proceeds from issuance of common stock, net of costs 7 8 4
Proceeds from exercise of stock options 3,152 0 31
Repurchases of common stock (91,539) (9,134) (51,202)
Net cash used in financing activities (379,445) (330,557) (177,436)
Change in cash and cash equivalents (139,875) 55,566 (78,506)
Balance, beginning of period 197,600 142,034 220,540
Balance, end of period 57,725 197,600 142,034
Cash and cash equivalents      
Cash and cash equivalents 57,725 157,550 136,889
Cash and cash equivalents included in assets held for sale 0 40,050 5,145
Balance, end of period 57,725 197,600 142,034
Supplemental cash flow disclosures      
Cash paid for interest 42,499 66,896 58,900
Cash paid for income taxes, net (1) [1] 9,220 38,676 19,706
Non-cash investing and financing activities      
Assets acquired under finance lease obligations 3,631 0 0
Payables incurred for capital expenditures 1,996 2,194 5,386
Notes payable incurred for capital expenditures 0 3,571 0
Dividend payable 6,641 0 0
Loss on debt extinguishment and modification 4,446 1,734 1,590
Operating lease right-of-use assets obtained in exchange for lease obligations $ 12,861 $ 8,531 $ 22,078
[1] Includes refunds received from income tax authorities.