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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 55,424 $ 97,918
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 76,571 71,114
Asset impairments 12,253 4,706
Amortization of debt issuance costs and other non-cash interest 2,740 1,712
Deferred income taxes 1,583 (3,911)
Non-cash revenue and other income (5,544) (5,889)
Non-cash equity compensation 8,929 8,068
Other expenses and non-cash items 4,728 5,958
Changes in assets and liabilities, net:    
Accounts receivable, prepaid expenses and other assets 29,529 (5,840)
Accounts payable, accrued expenses and other liabilities (12,122) (12,560)
Income taxes payable 183 5,346
Net cash provided by operating activities 174,274 166,622
CASH FLOWS FROM INVESTING ACTIVITIES:    
Expenditures for facility development and expansions (23,506) (84,819)
Expenditures for other capital improvements (18,512) (23,545)
Acquisitions, net of cash acquired (8,849) (38,579)
Proceeds from sale of assets 5,026 4,273
Increase in other assets (4,977) (3,408)
Net cash used in investing activities (50,818) (146,078)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of debt and borrowings from credit facility 374,000 349,144
Scheduled principal repayments (15,124) (5,772)
Principal repayments of credit facility (108,000) (236,000)
Payment of debt issuance and other refinancing and related costs (891) (93)
Payment of lease obligations for financing leases (271) (268)
Contingent consideration for acquisition of businesses   (7,398)
Dividends paid (105,963) (104,744)
Purchase and retirement of common stock (3,560) (3,530)
Proceeds from exercise of stock options   875
Net cash provided by (used in) financing activities 140,191 (7,786)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 263,647 12,758
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 119,093 74,137
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 382,740 86,895
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Debt assumed on acquisition of property portfolio 52,217  
Establishment of right of use assets and lease liabilities 62 83,064
Cash paid during the period for:    
Interest (net of amounts capitalized of $0.5 million and $2.7 million in 2020 and 2019, respectively) 45,020 41,000
Income taxes paid $ 1,156 $ 3,198