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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 16,294 $ 15,980
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,298 7,430
Amortization of deferred loan costs 269 269
Stock-based compensation 3,649 3,012
Provisions (recoveries) for bad debts 24 (19)
Loss on disposition of assets   4
Changes in operating assets and liabilities:    
Receivables 312 1,941
Income taxes 2,502 1,548
Inventories (8) 35
Prepaid expenses 1,059 434
Right of use asset, net 7  
Accounts payable 319 (773)
Accrued expenses (73) (1,392)
Net cash provided by operating activities 31,652 28,469
Cash flows from investing activities:    
Change in construction payable 1,650 13,562
Acquisition of property and equipment (75,248) (54,819)
Net cash used in investing activities (73,598) (41,257)
Cash flows from financing activities:    
Long-term debt borrowings 38,010 10,770
Net cash provided by financing activities 38,010 10,770
Change in cash (3,936) (2,018)
Cash and cash equivalents at beginning of period 30,462 29,151
Cash and cash equivalents at end of period 26,526 27,133
Supplemental disclosure of cash flow information:    
Cash paid for income taxes $ 1,558 2,250
Adjustment to beginning retained earnings for accounting changes in accordance with the new revenue recognition standard    
Accrued expenses   $ 4,858