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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 7,131 $ 42,586
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 44,944 44,736
Non-cash lease benefit (204) (233)
Share-based compensation 4,942 5,387
Amortization of debt issuance costs and discounts on debt 782 1,422
Loss on disposal of assets 52 14
Gain on sale of business 0 (68,944)
Provision for credit losses 27 107
Deferred income taxes 0 (7,843)
Loss on debt extinguishment and modification 0 4,446
Changes in operating assets and liabilities:    
Accounts receivable (437) 544
Prepaid expenses, inventories and other current assets 836 3,202
Other assets 297 (1,985)
Accounts payable and other accrued expenses 215 (7,577)
Income tax payable, net (12,344) 31,995
Other liabilities (261) (561)
Net cash provided by operating activities 45,980 47,296
Cash flows from investing activities    
Purchase of property and equipment, net of change in construction payables (25,342) (33,848)
Proceeds from disposal of property and equipment 32 1
Proceeds from sale of business, net of cash sold 0 204,066
Acquisition of business, net of cash acquired 0 (7,250)
Net cash (used in) provided by investing activities (25,310) 162,969
Cash flows from financing activities    
Repayments of term loan (2,000) (2,000)
Proceeds from revolving credit facility 35,000 0
Repayments of revolving credit facility (15,000) 0
Repayment of senior notes 0 (276,453)
Repayments of notes payable (338) (661)
Principal payments under finance leases (648) (557)
Payment for debt extinguishment and modification costs 0 (5)
Tax withholding on share-based payments (7,586) (5,942)
Cash dividends paid (13,267) (7,237)
Proceeds from issuance of common stock, net of costs 5 3,158
Repurchases of common stock (22,253) (29,530)
Net cash used in financing activities (26,087) (319,227)
Change in cash and cash equivalents (5,417) (108,962)
Balance, beginning of period 57,725 197,600
Balance, end of period 52,308 88,638
Supplemental cash flow disclosures    
Cash paid for interest 14,213 27,324
Cash paid for income taxes, net [1] 17,651 2,900
Non-cash investing and financing activities    
Cash dividends payable 6,540 7,123
Payables incurred for capital expenditures 1,127 1,315
Notes payable incurred for capital expenditures 2,291 0
Operating lease right-of-use assets obtained in exchange for lease obligations 47 11,274
Assets acquired under finance lease obligations 0 3,631
Loss on debt extinguishment and modification $ 0 $ 4,446
[1] Includes refunds received from income tax authorities.