v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 92,120 $ 78,448
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 31,947 40,842
Amortization of deferred loan costs 96 130
Stock-based compensation - stock options 6,698 6,080
Provision for bad debts 87 30
(Gain) loss on disposition of assets (143) 23
Non-cash operating lease expense 6 (15)
Changes in operating assets and liabilities:    
Receivables 1,887 1,277
Income taxes receivable 152 1,575
Inventories 1,143 817
Prepaid expenses and other 1,286 318
Accounts payable (483) (660)
Accrued expenses (4,753) (2,253)
Net cash provided by operating activities 130,043 126,612
Cash flows from investing activities:    
Proceeds from sale of assets 213 25
Change in construction accounts payable (2,662) (3,459)
Acquisition of property and equipment (19,641) (30,399)
Net cash used in investing activities (22,090) (33,833)
Cash flows from financing activities:    
Proceeds from exercise of stock options 11,339 6,259
Payroll taxes from net exercise of stock options (7,418) (2,303)
Payment of dividends (16,029) (16,536)
Purchase of company common stock (54,906) (31,320)
Net cash used in financing activities (67,014) (43,900)
Change in cash and cash equivalents 40,939 48,879
Cash and cash equivalents at beginning of period 96,468 58,760
Cash and cash equivalents at end of period 137,407 107,639
Supplemental disclosure of cash flow information:    
Cash paid for interest 185 186
Cash paid for income taxes $ 24,760 $ 19,650