v3.25.2
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 164,819 $ 140,141
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 49,973 40,145
Amortization of deferred financing fees 530 531
Non-cash leasing arrangement 407 385
Impairment of long-lived assets 0 1,849
Deferred income taxes 0 552
Provision for doubtful accounts 872 718
Stock-based compensation 22,386 17,222
Cash received from insurance proceeds 1,000 199
(Gain) loss on insurance claims and asset disposals (598) 254
Litigation 0 (3,734)
Change in operating assets and liabilities    
Accounts receivable (9,025) (62,813)
Prepaid income taxes (10,453) (14,968)
Prepaid expenses and other assets (469) (15,538)
Cash surrender value of life insurance policy premiums (12,295) (10,725)
Deferred compensation liability 12,162 10,707
Operating lease obligations (3,169) 400
Accounts payable 4,952 (5,559)
Accrued wages and related liabilities (17,523) (8,343)
Other accrued liabilities 1,817 1,258
Accrued self-insurance liabilities 22,564 19,568
NET CASH PROVIDED BY OPERATING ACTIVITIES 227,950 112,249
Cash flows from investing activities:    
Purchase of property and equipment (92,521) (64,635)
Cash payments for acquisitions (204,609) (65,390)
Escrow deposits (9,002) (646)
Cash from insurance proceeds and the sale of assets 2,990 2,949
Purchases of investments (62,678) (35,508)
Maturities of investments 53,249 19,267
Other restricted assets 647 (601)
NET CASH USED IN INVESTING ACTIVITIES (311,924) (144,564)
Cash flows from financing activities:    
Payments on debt (2,025) (1,958)
Issuance of common stock upon exercise of options 13,702 10,319
Repurchase of shares of common stock to satisfy tax withholding obligations (1,071) (1,209)
Repurchase of shares of common stock (20,000) 0
Dividends paid (7,186) (6,810)
Non-controlling interest distribution 0 (278)
Purchase of non-controlling interest (75) (39)
NET CASH (USED IN)/PROVIDED BY IN FINANCING ACTIVITIES (16,655) 25
Net decrease in cash and cash equivalents (100,629) (32,290)
Cash and cash equivalents beginning of period 464,598 509,626
Cash and cash equivalents end of period 363,969 477,336
Cash paid during the period for:    
Interest 3,567 3,488
Income taxes 64,621 56,062
Lease liabilities 117,256 104,749
Non-cash financing and investing activity    
Accrued capital expenditures 6,800 6,000
Accrued dividends declared 3,605 3,424
Right-of-use assets obtained in exchange for new and modified operating lease obligations $ 113,553 $ 124,133