v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net income $ 119,591 $ 86,836
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 39,547 35,617
Loss on early retirement of debt 0 51
Stock compensation expense 8,265 4,554
Amortization of debt discount and issuance costs 2,072 1,971
Deferred income taxes (1,506) (2,205)
Other 507 1,107
Changes in operating assets and liabilities, net of effects of business combinations:    
Accounts receivable (41,975) (26,251)
Other current assets (5,186) (7,781)
Other assets 3,577 2,303
Accounts payable and accrued liabilities 31,337 3,876
Net cash provided by operating activities 156,229 100,078
Investing activities    
Business combinations, net of cash acquired (3,760) (333,300)
Purchases of property and equipment (26,753) (40,958)
Proceeds from sale of assets 1,470 1
Net cash used in investing activities (29,043) (374,257)
Financing activities    
Borrowings on revolving facilities 0 85,000
Proceeds from term loans, net of issuance costs 0 948,848
Payments on term loans (4,750) (850,250)
Borrowings of other debt 4,912 6,575
Principal payments on other debt (3,549) (6,505)
Dividends paid to common stockholders (16,009) (16,021)
Repurchase of common shares (25,954) 0
Distributions to non-controlling interests (3,697) (2,851)
Net cash (used in) provided by financing activities (49,047) 164,796
Net increase (decrease) in cash 78,139 (109,383)
Cash at beginning of period 79,899 183,255
Cash at end of period 158,038 73,872
Supplemental information    
Cash paid for interest 50,201 54,432
Cash paid for taxes $ 34,384 $ 35,568