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Consolidated Statement of Cash Flows Statement - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net income $ 34,030 $ 24,900
Adjustments to reconcile income to net cash provided by operating activities, net of acquisition impact:    
Loss on dispositions of assets 210 130
Depreciation 17,150 15,830
Amortization of intangible assets 10,040 10,780
Amortization of debt issue costs 450 520
Deferred income taxes 3,320 1,790
Non-cash compensation expense 5,300 5,660
Debt financing and related expenses 0 10,520
Increase in receivables (29,430) (22,600)
Increase in inventories (7,940) (900)
Decrease (increase) in prepaid expenses and other assets 790 (7,430)
Increase (decrease) in accounts payable and accrued liabilities (8,870) 1,350
Other operating activities 2,640 2,120
Net cash provided by operating activities, net of acquisition impact 27,690 42,670
Cash Flows from Investing Activities:    
Capital expenditures (21,720) (18,330)
Acquisition of businesses, net of cash acquired (64,100) 0
Net proceeds from disposition of property and equipment 110 140
Net cash used for investing activities (85,710) (18,190)
Cash Flows from Financing Activities:    
Retirement of senior notes 0 (300,000)
Proceeds from issuance of senior notes 0 400,000
Proceeds from borrowings on revolving credit facilities 12,000 0
Repayments of borrowings on revolving credit facilities (12,000) (48,620)
Debt financing fees and senior notes redemption premium 0 (13,570)
Shares surrendered upon exercise and vesting of equity awards to cover taxes (2,280) (4,620)
Dividends paid (3,460) 0
Payments to purchase common stock (27,890) (14,210)
Net cash provided by (used for) financing activities (33,630) 18,980
Increase (decrease) for the period (91,650) 43,460
At beginning of period 140,740 73,950
At end of period 49,090 117,410
Supplemental disclosure of cash flow information:    
Cash paid for interest 6,330 6,170
Cash paid for taxes $ 1,120 $ 4,420