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Consolidated Statement of Cash Flows Statement - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities:    
Net Income $ 41,110 $ 43,920
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisition impact:    
Loss on dispositions of assets 40 70
Depreciation 13,070 12,870
Amortization of intangible assets 9,970 9,740
Amortization of debt issue costs 560 740
Deferred income taxes 4,230 6,340
Non-cash compensation expense 3,040 2,620
Increase in receivables (12,370) (20,380)
Increase in inventories (1,130) (5,880)
Decrease in prepaid expenses and other assets 1,140 8,970
Decrease in accounts payable and accrued liabilities (29,070) (7,530)
Other operating activities (1,310) 140
Net cash provided by operating activities, net of acquisition impact 29,280 51,620
Cash Flows from Investing Activities:    
Capital expenditures (12,310) (11,320)
Acquisition of businesses, net of cash acquired (67,030) 0
Net proceeds from disposition of property and equipment 30 250
Net cash used for investing activities (79,310) (11,070)
Cash Flows from Financing Activities:    
Proceeds from borrowings on revolving credit facilities 93,220 59,060
Repayments of borrowings on revolving credit facilities (92,410) (68,490)
Shares surrendered upon exercise and vesting of equity awards to cover taxes (3,230) (2,380)
Payments to purchase common stock (15,420) (2,920)
Net cash used for financing activities (17,840) (14,730)
Increase (decrease) for the period (67,870) 25,820
At beginning of period 108,150 27,580
At end of period 40,280 53,400
Supplemental disclosure of cash flow information:    
Cash paid for interest 6,190 7,630
Cash paid for taxes $ 11,970 $ 3,210