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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 7,416 $ 9,182
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 10,434 9,063
Amortization of intangible assets and route and customer acquisition costs 5,438 5,242
Amortization of debt issuance costs 455 449
Loss on change in fair value of contingent earnout shares 4,716 4,602
Stock-based compensation 2,350 1,688
Loss (gain) on disposal of property and equipment 42 (9)
Net loss on write-off of route and customer acquisition costs and route and customer acquisition costs payable 118 321
Remeasurement of contingent consideration 288 162
Payments on consideration payable (823) (551)
Accretion of interest on route and customer acquisition costs payable, contingent consideration, and contingent stock consideration 296 383
Deferred income taxes 646 2,315
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,634) 589
Accounts receivable, net (270) 3,426
Inventories (160) (529)
Route and customer acquisition costs (1,883) (730)
Route and customer acquisition costs payable (353) (424)
Accounts payable and accrued expenses 4,951 5,588
Accrued compensation and related expenses (3,748) (3,903)
Other assets 471 1,119
Net cash provided by operating activities 28,750 37,983
Cash flows from investing activities:    
Purchases of property and equipment (20,635) (21,461)
Proceeds from the sale of property and equipment 180 476
Advances against a portion of the purchase price on a pending business acquisition (1,800) 0
Business and asset acquisitions, net of cash acquired (3,641) (2,600)
Net cash used in investing activities (25,896) (23,585)
Cash flows from financing activities:    
Proceeds from debt 15,000 8,000
Payments on debt (17,875) (12,625)
Payments for repurchase of common stock (6,121) (4,206)
Payments on interest rate caplets (244) (240)
Proceeds from exercise of stock-based awards 68 0
Payments on finance leases (54) 0
Payments on consideration payable (132) (168)
Tax withholding on stock-based payments (1,188) (743)
Net cash used in financing activities (10,546) (9,982)
Net (decrease) increase in cash and cash equivalents (7,692) 4,416
Cash and cash equivalents:    
Beginning of period 261,611 224,113
End of period 253,919 228,529
Cash payments for:    
Interest, net 7,685 9,275
Income taxes 0 0
Supplemental schedules of noncash investing and financing activities:    
Purchases of property and equipment in accounts payable and accrued liabilities 14,022 10,885
Deferred premium on interest rate caplets 1,815 2,784
Acquisition of businesses and assets:    
Total identifiable net assets acquired 3,641 2,600
Cash purchase price $ 3,641 $ 2,600