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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 41,147 $ 23,317
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization of property and equipment 22,172 21,324
Amortization of intangible assets 1,156 2,431
Stock-based compensation expense 3,435 2,173
Deferred income taxes 481 537
Gain on sale of property and equipment (1,794) (1,489)
Other non-cash items 1,370 267
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net (10,098) 46,353
Contract assets, net (10,855) (7,658)
Receivable for insurance claims in excess of deductibles 304 4,934
Other assets 10,389 7,198
Accounts payable 47,772 (38,342)
Contract liabilities (21,433) 23,271
Accrued self insurance 1,869 (5,843)
Other liabilities 2,647 19,450
Net cash flows provided by operating activities 88,562 97,923
Cash flows from investing activities:    
Proceeds from sale of property and equipment 1,637 1,633
Purchases of property and equipment (20,997) (16,938)
Net cash flows used in investing activities (19,360) (15,305)
Cash flows from financing activities:    
Net repayments under revolving lines of credit 0 (70,423)
Payment of principal obligations under equipment notes (20,635) (13,433)
Payment of principal obligations under finance leases (376) (616)
Proceeds from exercise of stock options 429 82
Repurchase of common shares (3,352) (425)
Other financing activities 12 49
Net cash flows used in financing activities (23,922) (84,766)
Effect of exchange rate changes on cash 374 (258)
Net increase in cash and cash equivalents 45,654 (2,406)
Cash and cash equivalents:    
Beginning of period 22,668 12,397
End of period $ 68,322 $ 9,991