XML 16 R5.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net income $ 14,830 $ 12,400 $ 10,562 $ 19,003 $ 27,230 $ 29,565  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation and amortization 31,615   32,259   62,657 64,287  
Amortization of debt issuance costs and other non-cash interest         2,331 3,164  
Expenses associated with debt repayments and refinancing transactions 226   6,805   226 6,805  
Loss (gain) on sale of real estate assets, net 25   (1,060)   25 (3,321)  
Deferred income taxes         (3,944) 3,671  
Non-cash revenue and other income         (1,391) (2,505)  
Non-cash equity compensation         10,157 9,720  
Other expenses and non-cash items         3,455 2,543  
Changes in assets and liabilities, net:              
Accounts receivable, prepaid expenses and other assets         48,942 (6,880)  
Accounts payable, accrued expenses and other liabilities         (23,820) (12,735)  
Net cash provided by operating activities         125,868 94,314  
CASH FLOWS FROM INVESTING ACTIVITIES:              
Expenditures for facility development and expansions         (3,155) (13,789)  
Expenditures for other capital improvements         (23,251) (20,075)  
Net proceeds from sale of assets         5,918 10,957  
Decrease (increase) in other assets         (1,137) (161)  
Net cash used in investing activities         (21,625) (22,746)  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Proceeds from borrowings from credit facility         100,000 100,000  
Scheduled principal repayments         (5,518) (10,278)  
Principal repayments of credit facility         (100,000) 0  
Other repayments of debt         (174,754) (295,139)  
Payment of debt defeasance, issuance and other refinancing and related costs         (83) (8,046)  
Payment of lease obligations for financing leases         (295) (285)  
Dividends paid on RSUs         (131) (886)  
Purchase and retirement of common stock         (30,531) (40,236)  
Net cash used in financing activities         (211,312) (254,870)  
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH         (107,069) (183,302)  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period   $ 162,165   $ 310,707 162,165 310,707 $ 310,707
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period $ 55,096   $ 127,405   55,096 127,405 $ 162,165
NON-CASH INVESTING AND FINANCING ACTIVITIES              
Establishment of right of use assets and lease liabilities         224 1,590  
Cash paid during the period for:              
Interest (net of amounts capitalized of $0.2 million in 2022)         42,379 46,312  
Income taxes paid         $ 13,225 $ 14,225