v3.26.1
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 $ 874 $ 33,401
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 155,008 140,806
Deferred income taxes (5,449) (8,672)
Amortization of operating lease right-of-use assets 22,174 8,980
Gain on disposal of property and equipment (5,251) (8,769)
Restructuring and impairment 2,415 0
Non-cash equity compensation 6,119 4,907
Insurance and claims accruals, net of current portion (1,180) (43,017)
Loss (gain) on investments in equity securities (15) 35
Earnings from equity method investment (736) (842)
Gain on contingent earnout liability settlement 0 (7,815)
Other (7,418) (13,275)
Changes in certain working capital items:    
Accounts receivable, net (18,719) (28,854)
Other current assets 24,251 21,172
Accounts payable 12,489 3,103
Operating lease liabilities (22,402) (8,758)
Other current liabilities 5,095 (17,007)
Net cash provided by operating activities 167,255 75,395
Cash flows from investing activities:    
Additions to property and equipment (81,812) (111,855)
Proceeds from sales of property and equipment, including assets held for sale 90,432 53,793
Net cash invested in acquisition (184,755) 0
Investment in equity securities (2,000) (6,021)
Payments to acquire equity method investment (2,000) (1,760)
Issuance of notes receivable (9,289) (1,381)
Collections of notes receivable 3,622 3,303
Net cash used in investing activities (185,802) (63,921)
Cash flows from financing activities:    
Repayments of short-term debt (161,000) (10,000)
Proceeds from issuance of short-term debt 177,000 10,000
Repayments of long-term debt (42,800) (320,000)
Proceeds from issuance of long-term debt 67,800 395,000
Principal installments on finance lease obligations (6,838) 0
Dividends on common stock (16,775) (17,329)
Repurchases of common stock 0 (55,562)
Tax withholding related to net share settlements of restricted stock awards (2,182) (1,939)
Other 0 (2,016)
Net cash provided by (used in) financing activities 15,205 (1,846)
Effect of exchange rate fluctuations on cash 444 1,040
Net increase (decrease) in cash and cash equivalents (2,898) 10,668
Cash and cash equivalents, beginning of period 59,922 40,752
Cash and cash equivalents, end of period 57,024 51,420
Supplemental disclosures of cash flow information:    
Interest paid 23,087 20,607
Income taxes paid 2,686 38,664
Supplemental schedule of non-cash investing and financing activities:    
Notes receivable issued upon sale of property and equipment 1,359 998
Change in fair value of interest rate swaps 3,160 (1,903)
Property and equipment acquired included in accounts payable 1,451 14,718
Dividends accrued but not yet paid at end of period 8,397 8,376
Contingent consideration associated with acquisition $ 30,000 $ 0