XML 19 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income $ 2,499 $ 41,963
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22,469 22,120
Non-cash lease benefit (93) (85)
Share-based compensation 2,890 3,041
Amortization of debt issuance costs and discounts on debt 392 937
(Gain) loss on disposal of assets (27) 14
Gain on sale of business 0 (69,736)
Provision for credit losses 61 59
Deferred income taxes 0 (7,843)
Changes in operating assets and liabilities:    
Accounts receivable (2,357) (251)
Prepaid expenses, inventories and other current assets 2,682 53
Other assets (138) (2,492)
Accounts payable and other accrued expenses (755) 3,263
Income tax payable 1,071 35,198
Other liabilities (128) (446)
Net cash provided by operating activities 28,566 25,795
Cash flows from investing activities    
Purchase of property and equipment, net of change in construction payables (11,918) (16,259)
Proceeds from disposal of property and equipment 27 0
Proceeds from sale of business, net of cash sold 0 204,858
Net cash (used in) provided by investing activities (11,891) 188,599
Cash flows from financing activities    
Repayments of term loan (1,000) (1,000)
Repayments of revolving credit facility (5,000) 0
Repayments of notes payable 0 (440)
Principal payments under finance leases (322) (338)
Tax withholding on share-based payments (3,332) (5,881)
Cash dividends paid (6,636) 0
Proceeds from issuance of common stock, net of costs 2 3
Repurchases of common stock (7,617) 0
Net cash used in financing activities (23,905) (7,656)
Change in cash and cash equivalents (7,230) 206,738
Balance, beginning of period 57,725 197,600
Balance, end of period 50,495 404,338
Supplemental cash flow disclosures    
Cash paid for interest 7,025 8,386
Non-cash investing and financing activities    
Assets acquired under finance lease obligations 0 3,631
Payables incurred for capital expenditures 1,831 7,421
Cash dividends payable 6,631 0
Operating lease right-of-use assets obtained in exchange for lease obligations $ 47 $ 3,098