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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income (loss) $ (6,585) $ 88,836 $ 966
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 12,747 9,488 10,582
Amortization 44,251 16,694 6,234
Provision for doubtful accounts (2,296) (3,530) 4,078
Stock-based compensation 5,904 3,930 5,414
Deferred income taxes (17,691) 11,919 71
Amortization of deferred financing costs and debt discount 2,730 921 293
Equity in net (income) loss of investee 53,092 (8,860) 29,685
Reduction of right-of-use assets 11,330 9,238 10,133
Changes in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable and other receivables (11,453) 55,885 (29,928)
Prepaid expenses and other assets (7,587) (12,609) (9,502)
Income tax refunds on sale of business 0 (10,273) 30,822
Insurance programs 5,426 2,056 809
Accrued contract payables 107,698 158,182 5,950
Accounts payable and accrued expenses (23,460) 33,328 (10,094)
Accrued transportation costs 23,620 (7,389) 2,175
Deferred revenue 1,239 (176) (1,298)
Other long-term liabilities (12,125) 795 4,550
Net cash provided by operating activities 186,840 348,435 60,940
Investing activities      
Purchase of property and equipment (21,316) (12,150) (10,858)
Acquisitions, net of cash acquired (664,309) (622,862) 0
Net cash used in investing activities (685,625) (635,012) (10,858)
Financing activities      
Proceeds from debt 625,000 737,000 12,000
Repayment of debt (125,000) (237,000) (12,000)
Repurchase of common stock, for treasury (39,994) (10,186) (6,797)
Payment of debt issuance costs (13,486) (15,633) 0
Proceeds from common stock issued pursuant to stock option exercise 3,227 25,413 11,142
Restricted stock surrendered for employee tax payment (896) (267) 0
Preferred stock redemption payment 0 (88,771) 0
Preferred stock dividends 0 (1,987) (4,403)
Other financing activities 0 (309) (718)
Net cash provided by (used in) financing activities 448,851 408,260 (776)
Net change in cash, cash equivalents and restricted cash (49,934) 121,683 49,306
Cash, cash equivalents and restricted cash at beginning of period 183,356 61,673 12,367
Cash, cash equivalents and restricted cash at end of period 133,422 183,356 61,673
Supplemental cash flow information      
Cash paid for interest 32,178 2,192 1,261
Cash paid (received) for income taxes 13,021 21,766 (30,037)
Assets acquired under operating leases 24,152 19,992 6,787
Acquisitions:      
Purchase price 678,655 644,044 0
Less:      
Cash acquired (14,346) (21,182) 0
Acquisitions, net of cash acquired $ 664,309 $ 622,862 $ 0