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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 90,990 $ 83,381 $ 85,006
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation and amortization of property and equipment 54,231 49,161 43,894
Amortization of intangible assets 4,907 9,009 2,311
Stock-based compensation expense 8,376 7,922 7,496
Deferred income taxes 2,056 9,573 6,281
Gain on sale of property and equipment (4,214) (2,378) (3,098)
Other non-cash items 96 2,294 1,892
Changes in operating assets and liabilities:      
Accounts receivable, net (48,527) (86,939) 10,659
Contract assets, net (119,246) (64,421) (39,266)
Receivable for insurance claims in excess of deductibles 1,529 (14) (4,619)
Prepaid expenses and other assets 560 1,640 (25,320)
Accounts payable 37,250 109,008 34,348
Contract liabilities 13,151 58,001 9,573
Accrued self-insurance 17 4,999 5,233
Other liabilities 29,840 (13,752) 2,838
Net cash flows provided by operating activities 71,016 167,484 137,228
Cash flows from investing activities:      
Proceeds from sale of property and equipment 5,608 1,990 3,062
Cash paid for acquisitions, net of cash acquired 0 (110,660) 0
Purchases of property and equipment (84,736) (77,056) (52,361)
Net cash flows used in investing activities (79,128) (185,726) (49,299)
Cash flows from financing activities:      
Borrowings under revolving lines of credit 562,901 198,697 0
Repayments under revolving lines of credit (562,615) (185,782) 0
Payment of principal obligations under equipment notes (4,598) (1,047) (24,917)
Payment of principal obligations under finance leases (1,143) (1,592) (336)
Borrowings under equipment notes 0 24,184 0
Proceeds from exercise of stock options 20 40 498
Debt refinancing costs (2,129) 0 0
Repurchase of common stock (2,868) (36,981) 0
Payments related to tax withholding for stock-based compensation (7,936) (6,791) (3,352)
Other financing activities 0 0 12
Net cash flows used in financing activities (18,368) (9,272) (28,095)
Effect of exchange rate changes on cash 339 (3,538) (410)
Net increase (decrease) in cash and cash equivalents (26,141) (31,052) 59,424
Cash and cash equivalents:      
Beginning of period 51,040 82,092 22,668
End of period 24,899 51,040 82,092
Cash paid during the period for:      
Income taxes payments 23,949 20,462 30,009
Interest payments 4,145 2,736 1,444
Noncash investing activities:      
Acquisition of property and equipment for which payment is pending $ 8,474 $ 2,218 $ 4,120