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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 64,318 $ 40,609
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization of property and equipment 32,884 32,021
Amortization of intangible assets 1,734 3,009
Stock-based compensation expense 5,350 3,804
Deferred income taxes 1,364 712
Gain on sale of property and equipment (2,473) (1,967)
Other non-cash items 1,171 654
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 23,929 (12,869)
Contract assets, net (33,642) (4,754)
Receivable for insurance claims in excess of deductibles (5,273) 3,103
Other assets (5,786) 7,074
Accounts payable 29,874 7,596
Contract liabilities (8,515) 20,161
Accrued self insurance 5,571 (2,257)
Other liabilities (2,291) 31,730
Net cash flows provided by operating activities 108,215 128,626
Cash flows from investing activities:    
Proceeds from sale of property and equipment 2,489 2,147
Purchases of property and equipment (32,701) (27,470)
Net cash flows used in investing activities (30,212) (25,323)
Cash flows from financing activities:    
Net repayments under revolving lines of credit 0 (65,189)
Payment of principal obligations under equipment notes (24,409) (30,441)
Payment of principal obligations under finance leases (336) (914)
Proceeds from exercise of stock options 483 306
Repurchase of common shares (3,352) (426)
Other financing activities 11 60
Net cash flows used in financing activities (27,603) (96,604)
Effect of exchange rate changes on cash (62) (150)
Net increase in cash and cash equivalents 50,338 6,549
Cash and cash equivalents:    
Beginning of period 22,668 12,397
End of period $ 73,006 $ 18,946