v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 27,170 $ 21,875
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 27,689 25,396
Amortization of intangible assets and route and customer acquisition costs 13,613 12,612
Amortization of debt issuance costs 539 864
Loss on change in fair value of contingent earnout shares 3,542 3,379
Stock-based compensation expense 5,742 4,880
Loss on disposal of property and equipment 3,188 258
Net loss on write-off of route and customer acquisition costs and route and customer acquisition costs payable 618 910
Remeasurement of contingent consideration 199 808
Payments on consideration payable (1,325) (481)
Accretion of interest on route and customer acquisition costs payable, and contingent consideration 1,393 1,100
Deferred income taxes 247 (2,575)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (3,715) 18
Accounts receivable, net 344 (1,214)
Inventories (1,373) (1,548)
Income taxes receivable (18,038) 0
Route and customer acquisition costs (4,468) (7,475)
Route and customer acquisition costs payable 1,517 2,935
Accounts payable and accrued expenses 2,356 3,786
Accrued compensation and related expenses 4,487 997
Other assets (1,018) (1,968)
Net cash provided by operating activities 62,707 64,557
Cash flows from investing activities:    
Purchases of property and equipment (33,959) (52,797)
Proceeds from the sale of property and equipment 1,076 1,177
Proceeds from the settlement of convertible notes 0 1,500
Acquisition of indefinite-lived operating license 0 (9,450)
Business and asset acquisitions, net of cash acquired (14,323) (393)
Net cash used in investing activities (47,206) (59,963)
Cash flows from financing activities:    
Proceeds from debt 0 64,000
Payments on debt (34,500) (64,225)
Payments for debt issuance costs (46) 0
Payments for repurchase of common stock (17,724) (16,915)
Payments on interest rate hedging instruments (83) (492)
Payments on financing of property and equipment (564) 0
Payments on finance leases (133) (120)
Payments on consideration payable (548) (889)
Tax withholding on stock-based payments (3,018) (2,628)
Net cash used in financing activities (56,616) (21,269)
Net decrease in cash and cash equivalents (41,115) (16,675)
Cash and cash equivalents:    
Beginning of period 296,566 281,305
End of period 255,451 264,630
Cash payments for:    
Interest, net 16,246 16,010
Income taxes, net 29,071 15,523
Supplemental schedules of noncash investing and financing activities:    
Purchases of property and equipment in accounts payable and accrued liabilities 17,633 7,706
Purchase of equipment financed through vendor 4,210 565
Deferred premium on interest rate caplets 0 583
Acquisition of businesses and assets:    
Total identifiable net assets acquired 15,166 393
Less cash acquired (99) 0
Less consideration payable (744) 0
Cash purchase price $ 14,323 $ 393