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Consolidated Statement of Cash Flows Statement - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities:    
Net income $ 15,930 $ 34,030
Adjustments to reconcile income to net cash provided by operating activities, net of acquisition impact:    
Loss on dispositions of assets 50 210
Depreciation 20,540 17,150
Amortization of intangible assets 9,200 10,040
Amortization of debt issue costs 460 450
Deferred income taxes 3,420 3,320
Non-cash compensation expense 6,180 5,300
Increase in receivables (20,050) (29,430)
Decrease (increase) in inventories 2,500 (7,940)
Decrease in prepaid expenses and other assets 1,210 790
Decrease in accounts payable and accrued liabilities (14,060) (8,870)
Other operating activities 810 2,640
Net cash provided by operating activities, net of acquisition impact 26,190 27,690
Cash Flows from Investing Activities:    
Capital expenditures (24,930) (21,720)
Acquisition of businesses, net of cash acquired (71,840) (64,100)
Net proceeds from disposition of property and equipment 250 110
Net cash used for investing activities (96,520) (85,710)
Cash Flows from Financing Activities:    
Proceeds from borrowings on revolving credit facilities 59,410 12,000
Repayments of borrowings on revolving credit facilities (37,180) (12,000)
Payments to purchase common stock (13,090) (27,890)
Shares surrendered upon exercise and vesting of equity awards to cover taxes (2,590) (2,280)
Dividends paid (3,340) (3,460)
Other financing activities (3,070) 0
Net cash provided by (used for) financing activities 140 (33,630)
Decrease for the period (70,190) (91,650)
At beginning of period 112,090 140,740
At end of period 41,900 49,090
Supplemental disclosure of cash flow information:    
Cash paid for interest 7,050 6,330
Cash paid for taxes $ 8,120 $ 1,120