v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 88,098 $ 76,142
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 80,693 70,919
Deferred income taxes 8,429 1,177
Share-based compensation 10,548 11,909
Non-cash rent expense 2,354 3,403
Impairment charges associated with long-lived assets 18 966
Loss on disposal of property and equipment, net 827 128
Amortization of debt discounts and issuance costs 930 906
Changes in operating assets and liabilities 5,526 17,926
Other 1,370 380
Net cash provided by operating activities 198,793 183,856
Cash flows from investing activities:    
Capital expenditures (260,016) (142,482)
Other (96) 839
Net cash used in investing activities (260,112) (141,643)
Cash flows from financing activities:    
Repayments of debt (5,686) (5,559)
Proceeds from revolving credit facility 0 125,000
Repayments of revolving credit facility 0 (135,000)
Repayments of finance lease liabilities (417) (842)
Proceeds from stock option exercises 7,328 27,880
Common stock share repurchases (10,702) 0
Employee tax withholding associated with net share-settled share-based awards (11,017) (4,069)
Other (4) (30)
Net cash (used in) provided by financing activities (20,498) 7,380
Effect of exchange rates on cash and cash equivalents and restricted cash and cash equivalents (169) 0
(Decrease) increase in cash and cash equivalents and restricted cash and cash equivalents (81,986) 49,593
Cash and cash equivalents and restricted cash and cash equivalents – beginning of period 232,169 27,878
Cash and cash equivalents and restricted cash and cash equivalents – end of period $ 150,183 $ 77,471