v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 199,590 $ 164,819
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 60,207 49,973
Amortization of deferred financing fees 527 530
Stock-based compensation 30,061 22,386
Insurance proceeds and loss on long-lived assets 2,455 402
Other operating activities, net 1,744 1,279
Change in operating assets and liabilities    
Accounts receivable (29,618) (9,025)
Prepaid income taxes (17,943) (10,453)
Prepaid expenses and other assets 614 (469)
Cash surrender value of life insurance policy premiums (16,485) (12,295)
Deferred compensation liability 16,124 12,162
Operating lease obligations (200) (3,169)
Accounts payable 20,578 4,952
Accrued wages and related liabilities (39,407) (17,523)
Other accrued liabilities (4,100) 1,817
Accrued self-insurance liabilities 47,961 22,564
NET CASH PROVIDED BY OPERATING ACTIVITIES 272,108 227,950
Cash flows from investing activities:    
Purchase of property and equipment (88,301) (92,521)
Cash payments for acquisitions (375,983) (213,611)
Cash proceeds from insurance recoveries and sale of assets 1,692 2,990
Purchases of investments (61,511) (62,678)
Maturities of investments 44,722 53,249
Other investing activities 488 647
NET CASH USED IN INVESTING ACTIVITIES (478,893) (311,924)
Cash flows from financing activities:    
Payments on debt (2,094) (2,025)
Issuance of common stock upon exercise of options 15,874 13,702
Repurchase of shares of common stock to satisfy tax withholding obligations (980) (1,071)
Repurchase of shares of common stock (Note 19) (40,000) (20,000)
Dividends paid (7,572) (7,186)
Other financing activities (24) (75)
NET CASH USED IN FINANCING ACTIVITIES (34,796) (16,655)
Net decrease in cash and cash equivalents (241,581) (100,629)
Cash and cash equivalents beginning of period 503,881 464,598
Cash and cash equivalents end of period 262,300 363,969
Cash paid during the period for:    
Interest 3,327 3,567
Income taxes 81,217 64,621
Lease liabilities 133,064 117,256
Non-cash financing and investing activity    
Accrued capital expenditures 10,870 6,800
Accrued dividends declared 3,788 3,605
Right-of-use assets obtained in exchange for new and modified operating lease obligations $ 106,727 $ 113,553