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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 31,816 $ 34,098 $ 25,538
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 14,875 14,617 15,132
Amortization of deferred loan costs 538 538 538
Stock-based compensation 8,203 5,468 7,091
Provisions for bad debts 189 93 103
Loss on disposition of assets   12 4
Deferred income taxes 1,344 (483) 3,810
Changes in operating assets and liabilities:      
Receivables 1,093 92 (1,992)
Income taxes 94 1,729 (1,600)
Inventories (3,043) (357) (238)
Prepaid expenses (730) (896) (125)
Right of use asset, net 14    
Accounts payable 5,855 2,998 (431)
Accrued expenses 2,998 847 1,624
Net cash provided by operating activities 63,246 58,756 49,454
Cash flows from investing activities:      
Proceeds from sale of assets 72   86
Change in construction payable (9,624) 11,329 3,218
Acquisition of property and equipment (125,367) (137,074) (49,990)
Net cash used in investing activities (134,919) (125,745) (46,686)
Cash flows from financing activities:      
Principal payments on long-term debt (3,750)    
Long-term debt borrowings 105,500 68,300  
Net cash provided by financing activities 101,750 68,300  
Change in cash and cash equivalents 30,077 1,311 2,768
Cash and cash equivalents at beginning of period 30,462 29,151 26,383
Cash and cash equivalents at end of period 60,539 30,462 29,151
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of amounts capitalized   186 426
Cash paid for income taxes $ 6,322 7,305 11,950
Accounts payable     (105)
Accrued expenses     $ (13)
Accrued expenses - adjustment to beginning retained earnings for accounting changes in accordance with the new revenue recognition standard   $ 4,858