v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 33,401 $ 15,448
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 140,806 146,942
Deferred income taxes (8,672) (11,486)
Gain on disposal of property and equipment (8,769) (6,244)
Non-cash equity compensation 4,907 4,621
Insurance and claims accruals, net of current portion (43,017) (12,585)
Loss on investments in equity securities 35 190
Loss (earnings) from equity method investment (842) 274
Gain on contingent earnout liability settlement (7,815) 0
Other (11,477) (6,569)
Changes in certain working capital items:    
Accounts receivable, net (28,854) 34,958
Other current assets 21,172 30,553
Accounts payable 3,103 5,269
Other current liabilities (18,583) (3,714)
Net cash provided by operating activities 75,395 197,657
Cash flows from investing activities:    
Additions to property and equipment (111,855) (198,534)
Proceeds from sales of property and equipment 53,793 80,338
Investment in equity securities (6,021) (21)
Payments to acquire equity method investment (1,760) (2,360)
Collections of notes receivable 1,922 1,168
Net cash used in investing activities (63,921) (119,409)
Cash flows from financing activities:    
Repayments of short-term debt (10,000) (32,500)
Proceeds from issuance of short-term debt 10,000 40,000
Repayments of long-term debt (320,000) (136,250)
Proceeds from issuance of long-term debt 395,000 150,000
Dividends on common stock (17,329) (17,760)
Repurchases of common stock (55,562) (67,086)
Tax withholding related to net share settlements of restricted stock awards (1,939) (4,172)
Other (2,016) 0
Net cash used in financing activities (1,846) (67,768)
Effect of exchange rate fluctuations on cash 1,040 (1,755)
Net increase in cash and cash equivalents 10,668 8,725
Cash and cash equivalents, beginning of period 40,752 61,723
Cash and cash equivalents, end of period 51,420 70,448
Supplemental disclosures of cash flow information:    
Interest paid 20,607 16,725
Income taxes paid 38,664 3,580
Supplemental schedule of non-cash investing and financing activities:    
Notes receivable issued upon sale of property and equipment 998 1,466
Change in fair value of interest rate swaps (1,903) (1,136)
Property and equipment acquired included in accounts payable 14,718 15,141
Property and equipment disposed included in other receivables 0 1,719
Dividends accrued but not yet paid at end of period $ 8,376 $ 8,653