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Consolidated Statement of Cash Flows Statement - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Net Income $ 19,090 $ 24,320
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisition impact:    
Gain (loss) on dispositions of assets 50 (10)
Depreciation 6,230 6,330
Amortization of intangible assets 4,930 4,910
Amortization of debt issue costs 280 470
Deferred income taxes 2,300 5,010
Non-cash compensation expense 1,320 1,220
Increase in receivables (11,490) (16,160)
Increase in inventories (4,770) (840)
(increase) decrease in prepaid expenses and other assets (50) 5,330
Decrease in accounts payable and accrued liabilities (10,010) (15,140)
Other operating activities 200 800
Net cash provided by operating activities, net of acquisition impact 8,080 16,240
Cash Flows from Investing Activities:    
Capital expenditures (6,640) (3,170)
Acquisition of businesses, net of cash acquired (22,270) 0
Net proceeds from disposition of property and equipment 0 250
Net cash used for investing activities (28,910) (2,920)
Cash Flows from Financing Activities:    
Proceeds from borrowings on revolving credit facilities 26,250 32,040
Repayments of borrowings on revolving credit facilities (25,870) (33,970)
Shares surrendered upon exercise and vesting of equity awards to cover taxes (2,620) (2,300)
Payments to purchase common stock (670) 0
Net cash used for financing activities (2,910) (4,230)
Increase (decrease) for the period (23,740) 9,090
At beginning of period 108,150 27,580
At end of period 84,410 36,670
Supplemental disclosure of cash flow information:    
Cash paid for interest 300 470
Cash paid for taxes $ 1,870 $ 970