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Consolidated Statement of Cash Flows Statement - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities:    
Net income (loss) $ 24,900 $ (2,580)
Adjustments to reconcile income to net cash provided by operating activities, net of acquisition impact:    
Loss on dispositions of assets 130 1,010
Depreciation 15,830 14,770
Amortization of intangible assets 10,780 10,150
Amortization of debt issue costs 520 570
Deferred income taxes 1,790 (1,460)
Non-cash compensation expense 5,660 4,680
Non-cash change in legacy liability estimate 0 23,400
Debt financing and related expenses 10,520 0
Increase in receivables (22,600) (12,300)
(Increase) decrease in inventories (900) 5,260
(Increase) decrease in prepaid expenses and other assets (7,430) 290
Increase (decrease) in accounts payable and accrued liabilities 1,350 (14,530)
Other operating activities 2,120 1,580
Net cash provided by operating activities, net of acquisition impact 42,670 30,840
Cash Flows from Investing Activities:    
Capital expenditures (18,330) (9,250)
Acquisition of businesses, net of cash acquired 0 (95,160)
Net proceeds from disposition of business, property and equipment 140 2,110
Net cash used for investing activities (18,190) (102,300)
Cash Flows from Financing Activities:    
Retirement of senior notes (300,000) 0
Proceeds from issuance of senior notes 400,000 0
Proceeds from borrowings on revolving credit facilities 0 245,700
Repayments of borrowings on revolving credit facilities (48,620) (247,320)
Debt financing fees and senior notes redemption premium (13,570) 0
Shares surrendered upon exercise and vesting of equity awards to cover taxes (4,620) (2,570)
Payments to purchase common stock (14,210) (31,570)
Net cash provided by (used for) financing activities 18,980 (35,760)
Increase (decrease) for the period 43,460 (107,220)
At beginning of period 73,950 172,470
At end of period 117,410 65,250
Supplemental disclosure of cash flow information:    
Cash paid for interest 6,170 7,150
Cash paid for taxes $ 4,420 $ 3,410