v3.26.3
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 156,656 $ 81,868
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization of property and equipment 51,622 45,664
Amortization of intangible assets 8,514 3,613
Stock-based compensation expense 13,395 9,808
Deferred income taxes 2,380 3,312
Gain on sale of property and equipment (3,282) (3,213)
Other non-cash items 586 345
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable, net (93,939) 53,714
Contract assets, net (21,461) (38,538)
Receivable for insurance claims in excess of deductibles 900 (511)
Other assets 18,069 14,241
Accounts payable 33,756 4,795
Contract liabilities, net (54,796) (31,113)
Accrued self-insurance 2,457 2,845
Other liabilities 19,298 64,907
Net cash flows provided by operating activities 134,155 211,737
Cash flows from investing activities:    
Proceeds from sale of property and equipment 4,019 6,014
Cash paid for acquired business (324,788) 0
Purchases of property and equipment (81,974) (64,467)
Net cash flows used in investing activities (402,743) (58,453)
Cash flows from financing activities:    
Borrowings under revolving lines of credit 786,645 635,003
Repayments under revolving lines of credit (824,059) (633,048)
Borrowing under term loans 199,287 0
Payment of principal obligations under equipment notes (4,596) (4,360)
Payment of principal obligations under finance leases (668) (844)
Repurchase of common stock (1,307) (75,000)
Debt refinancing costs (3,634) 0
Payments related to tax withholding for stock-based compensation (7,294) (2,653)
Other financing activities 254 0
Net cash flows provided by (used in) financing activities 144,628 (80,902)
Effect of exchange rate changes on cash (186) 365
Net increase (decrease) in cash and cash equivalents (124,146) 72,747
Cash and cash equivalents:    
Beginning of period 150,156 3,464
End of period $ 26,010 $ 76,211