XML 21 R8.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net Income (Loss) Attributable to Parent, Total $ (24,556) $ 10,504
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Provision for (reversal of losses on) accounts receivable 3,355 (32)
Reversal of deferred gain on sales to equity method investee (2) (7)
Depreciation and amortization 37,853 40,426
Impairment of property and equipment 26,569 0
Amortization of deferred financing fees 73 73
Deferred income tax (benefit) expense (9,139) 3,221
Income tax benefit arising from restricted share vesting and stock options exercised 17 668
Stock-based compensation expense (reversal) 822 (171)
Loss (income) from equity method investment 205 (5,410)
Gain on disposition of property and equipment (4,946) (1,386)
Return on investment in available-for-sale securities (2) (7)
Changes in operating assets and liabilities:    
Receivables and advances (34,802) 164
Prepaid expenses and other assets 2,093 (2,971)
Inventory and supplies 639 (75)
Insurance and claims accrual 18,751 (4,255)
Accounts payable and accrued expenses 7,172 (17,145)
Net cash flows provided by operating activities 24,102 23,597
Cash flows from investing activities:    
Purchase of available-for-sale securities (405) (1,780)
Acquisition of property and equipment (46,991) (79,125)
Proceeds from disposition of property and equipment 51,479 15,569
Net cash flows provided by (used in) investing activities 4,083 (65,336)
Cash flows from financing activities:    
Change in checks outstanding in excess of bank balances 21 (247)
Proceeds from issuance of notes payable 55,345 57,555
Repayments of notes payable (39,859) (19,733)
Repayments of finance lease obligations (2,661) (2,876)
Proceeds under revolving credit facility 803,397 843,398
Repayments under revolving credit facility (803,397) (829,995)
Payment of minimum tax withholdings on stock compensation (9) (667)
Common stock repurchased (17,486) 0
Net cash flows (used in) provided by financing activities (4,649) 47,435
Net change in cash and cash equivalents 23,536 5,696
Cash and cash equivalents at beginning of period 43,591 23,127
Cash and cash equivalents at end of period $ 67,127 $ 28,823