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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 58,759 $ 36,214 $ 31,294
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation and amortization of property and equipment 42,867 40,667 38,070
Amortization of intangible assets 3,586 3,849 1,843
Stock-based compensation expense 5,688 4,403 3,165
Deferred income taxes (2,641) 3,602 3,649
Gain on sale of property and equipment (2,813) (3,543) (3,832)
Other non-cash items 1,951 1,029 237
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net 2,903 (39,710) (15,871)
Contract assets 31,360 (16,443) (28,141)
Receivable for insurance claims in excess of deductibles (1,511) (9,646) (9,229)
Other assets (15,458) (10,327) 2,280
Accounts payable (43,079) 22,492 19,953
Contract liabilities 52,918 28,163 22,551
Accrued self-insurance 3,010 12,755 8,701
Other liabilities 37,627 (8,606) 10,119
Net cash flows provided by operating activities 175,167 64,899 84,789
Cash flows from investing activities:      
Proceeds from sale of property and equipment 3,429 4,051 4,583
Cash paid for acquisitions, net of cash acquired 0 (79,720) (47,082)
Purchases of property and equipment (44,355) (57,828) (50,704)
Net cash flows used in investing activities (40,926) (133,497) (93,203)
Cash flows from financing activities:      
Net borrowings (repayments) under revolving lines of credit (103,820) 45,514 (20,655)
Payment of principal obligations under equipment notes (32,584) (4,550) 0
Payment of principal obligations under finance leases (1,238) (1,201) (1,081)
Borrowings under equipment notes 0 35,068 31,486
Proceeds from exercise of stock options 749 341 1,897
Debt refinancing costs 0 (1,122) 0
Repurchase of common shares (652) (778) (1,043)
Other financing activities 13,249 84 38
Net cash flows provided by (used in) financing activities (124,296) 73,356 10,642
Effect of exchange rate changes on cash 326 132 (64)
Net increase in cash and cash equivalents 10,271 4,890 2,164
Cash and cash equivalents:      
Beginning of period 12,397 7,507 5,343
End of period 22,668 12,397 7,507
Cash paid during the period for:      
Income taxes payments 24,185 13,381 7,247
Interest payments 4,071 5,737 3,097
Noncash investing activities:      
Acquisition of property and equipment for which payment is pending $ 349 $ 43 $ 953