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Consolidated Statement of Cash Flows Statement - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:    
Net Income $ 60,220 $ 66,590
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisition impact:    
Loss on dispositions of assets 70 70
Depreciation 19,950 18,630
Amortization of intangible assets 14,920 14,600
Amortization of debt issue costs 850 1,020
Deferred income taxes 5,620 9,290
Non-cash compensation expense 4,130 4,400
Increase in receivables (14,510) (20,060)
(Increase) decrease in inventories 2,330 (10,750)
(Increase) decrease in prepaid expenses and other assets (3,710) 7,180
Decrease in accounts payable and accrued liabilities (25,920) (6,740)
Other operating activities 150 (1,140)
Net cash provided by operating activities, net of acquisition impact 64,100 83,090
Cash Flows from Investing Activities:    
Capital expenditures (23,370) (15,890)
Acquisition of businesses, net of cash acquired (67,090) 0
Net proceeds from disposition of property and equipment 30 250
Net cash used for investing activities (90,430) (15,640)
Cash Flows from Financing Activities:    
Proceeds from borrowings on revolving credit facilities 145,540 59,060
Repayments of borrowings on revolving credit facilities (145,090) (68,490)
Shares surrendered upon exercise and vesting of equity awards to cover taxes (3,240) (2,380)
Payments to purchase common stock (21,090) (3,590)
Net cash used for financing activities (23,880) (15,400)
Increase (decrease) for the period (50,210) 52,050
At beginning of period 108,150 27,580
At end of period 57,940 79,630
Supplemental disclosure of cash flow information:    
Cash paid for interest 6,570 7,840
Cash paid for taxes $ 18,810 $ 5,020