v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income $ 51,132 $ 76,310 $ 12,580
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 141,729 142,784 142,230
Share-based compensation expense 8,321 6,032 6,763
(Gain) loss on disposal of assets (3,568) 467 487
Non-cash interest expense (income) 1,024 (1,171) 1,549
Deferred tax (benefit) (5,198) (2,719) (3,753)
Allowance for doubtful receivables and unbilled revenue 8,727 8,844 410
Charges on obsolete service inventories 1,513 2,294 137
Impairments and other charges 9,568 5,324 7,917
Other operating activities, net 2,744 327 933
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable (49,482) 25,159 (22,971)
(Increase) decrease in unbilled revenue (9,452) (15,737) 14,189
(Increase) decrease in retention withholdings (2,053) 17,347 (14,151)
(Increase) decrease in inventories 425 (633) 11,951
(Increase) decrease in prepaid assets (3,091) (909) (8,901)
(Increase) decrease in other current assets (1,653) 4,967 2,817
(Increase) decrease in other long-term assets and liabilities (1,579) (6,959) 16,259
Increase (decrease) in accounts payable and accrued expenses 116,160 (38,517) (3,365)
Increase (decrease) in other current liabilities (1,025) 6,119 11,878
Net cash provided by operating activities 264,242 229,329 176,959
Cash flows from investing activities:      
Capital expenditures (143,454) (105,105) (68,190)
IPM investments (Note 3) (16,031)
Proceeds from disposal of assets 4,905 3,058 1,758
Other investing activities (13,689) (9,087) (1,000)
Net cash used in investing activities (152,238) (111,134) (83,463)
Cash flows from financing activities:      
Proceeds from long-term debt 4,063 11,300
Repayments of long-term debt (68,735) (85,806) (54,763)
Proceeds from short-term borrowings 98,578 83,434 94,506
Repayments of short-term borrowings (104,197) (72,614) (137,402)
Payments on capital leases (3,905) (3,193) (2,403)
Payments on seller-provided financing for capital expenditures (7,408) (3,781) (15,569)
Other financing activities, net (1,597) (163) (197)
Net cash used in financing activities (87,264) (78,060) (104,528)
Effect of exchange rate changes on cash
Net increase (decrease) in cash, cash equivalents, and restricted cash 24,740 40,135 (11,032)
Cash and cash equivalents, beginning of period 107,956 67,821 78,853
Cash, cash equivalents, and restricted cash, end of period (Note 3) 132,696 107,956 67,821
Supplemental disclosure of cash flow information (also refer Note 3):      
Interest paid $ 28,481 $ 38,306 $ 33,914