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Consolidated Statement of Cash Flows Statement - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities:    
Net income $ 4,910 $ 14,170
Adjustments to reconcile income to net cash provided by operating activities, net of acquisition impact:    
(Gain) loss on dispositions of assets (10) 20
Depreciation 8,760 8,470
Amortization of intangible assets 4,590 5,290
Amortization of debt issue costs 230 220
Deferred income taxes 2,070 3,000
Non-cash compensation expense 2,940 2,820
Increase in receivables (11,850) (22,330)
Increase in inventories (1,590) (910)
Decrease (increase) in prepaid expenses and other assets 1,490 (680)
Decrease in accounts payable and accrued liabilities (2,360) (5,210)
Other operating activities 510 810
Net cash provided by operating activities, net of acquisition impact 9,690 5,670
Cash Flows from Investing Activities:    
Capital expenditures (14,790) (11,890)
Acquisition of businesses, net of cash acquired (37,790) (63,950)
Net proceeds from disposition of property and equipment 10 20
Net cash used for investing activities (52,570) (75,820)
Cash Flows from Financing Activities:    
Proceeds from borrowings on revolving credit facilities 10,840 0
Repayments of borrowings on revolving credit facilities (10,840) 0
Payments to purchase common stock (10,400) (9,060)
Shares surrendered upon exercise and vesting of equity awards to cover taxes (2,310) (970)
Dividends paid (1,660) (1,740)
Other financing activities (2,950) 0
Net cash used for financing activities (17,320) (11,770)
Decrease for the period (60,200) (81,920)
At beginning of period 112,090 140,740
At end of period 51,890 58,820
Supplemental disclosure of cash flow information:    
Cash paid for interest 210 310
Cash paid for taxes $ 1,780 $ 620