| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||||
Net income | ||||||||||
23,523 | 49,395 | 58,184 | 42,795 | 27,048 | 55,567 | 21,686 | 6,583 | 9,743 | 1,079 | -104,129 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
58,964 | 56,842 | 55,114 | 42,743 | 35,231 | 30,792 | 27,967 | 30,133 | 29,126 | 28,252 | 28,269 |
Deferred income taxes | ||||||||||
-10,398 | 5,350 | 26,049 | 7,672 | 469 | -9,731 | 2,298 | 11,274 | -924 | 744 | -8,349 |
(Income) loss from discontinued operations | ||||||||||
-81 | 1,481 | -268 | -684 | -394 | 14,389 | 2,366 | 3,030 | 451 | 262 | 679 |
Restructuring charges | ||||||||||
8,380 | 1,587 | 1,004 | 5,183 | 2,956 | 1,637 | 3,793 | 4,942 | 3,782 | 4,222 | 14,054 |
Legal settlement | ||||||||||
8,500 | - | - | - | - | - | - | - | - | - | - |
Impairment charges (recoveries) | ||||||||||
5,346 | -35 | -29,098 | 218 | 96 | 884 | 3,049 | 0 | 0 | 302 | 116,863 |
Gain on sale of facility and related land | ||||||||||
- | - | - | - | - | - | 4,775 | 0 | 0 | - | - |
(Gains) losses on dispositions of property and other assets | ||||||||||
1,475 | -473 | -1,420 | 54 | 690 | 958 | 265 | 206 | 42 | -45 | 18 |
Share-based compensation expense | ||||||||||
7,190 | 4,870 | 10,969 | 8,038 | 3,848 | 2,930 | 5,221 | 7,232 | 4,413 | 3,518 | 3,093 |
Multi-employer pension plan withdrawal | ||||||||||
15,693 | - | - | - | - | - | - | - | - | - | - |
Excess tax benefit from share-based compensation arrangements | ||||||||||
- | - | - | 95 | 418 | 114 | 422 | 293 | 54 | 27 | - |
Other non-cash items, net | ||||||||||
-3,791 | -4,306 | -5,029 | -6,167 | -5,394 | -5,386 | -4,870 | -10,157 | -4,659 | -4,580 | -6,714 |
Change in operating assets and liabilities (excluding the impact of acquisitions): | ||||||||||
Receivables | ||||||||||
16,959 | 6,200 | 2,338 | 9,358 | 16,665 | 10,441 | -1,246 | -142 | 18,092 | 3,042 | -5,834 |
Inventories | ||||||||||
328 | 1,573 | -121 | -149 | -4,872 | 2,555 | -7,663 | -195 | -3,729 | -6,148 | -7,493 |
Current contract costs | ||||||||||
6,333 | 4,976 | -2,544 | 2,795 | - | - | - | - | - | - | - |
Accounts payable | ||||||||||
9,726 | -1,645 | 7,546 | 1,770 | -2,619 | 18,128 | -15,436 | 4,310 | 4,372 | 4,637 | -15,623 |
Restructuring liabilities | ||||||||||
-6,047 | -1,716 | -1,954 | -3,866 | -2,572 | -5,276 | -4,841 | 4,694 | 3,888 | 6,718 | 7,587 |
Accrued compensation | ||||||||||
6,853 | -12,818 | -5,152 | -353 | 1,469 | 3,663 | -11,707 | 1,631 | 4,563 | 6,966 | -17,620 |
Contract liabilities | ||||||||||
16,796 | 3,677 | -11,314 | 7,906 | - | - | - | - | - | - | - |
Payments on operating lease obligations | ||||||||||
28,146 | - | - | - | - | - | - | - | - | - | - |
Customer deposits | ||||||||||
- | - | - | - | 408 | -6,406 | -20,965 | 926 | 4,950 | 2,000 | -1,600 |
Income taxes payable | ||||||||||
195 | -7,696 | 5,820 | -4,630 | 67 | 1,543 | 218 | 467 | -2,694 | -1,264 | -4,660 |
Other assets and liabilities, net | ||||||||||
-12,788 | -2,235 | 11,989 | 1,856 | -989 | 12,570 | 11,179 | 583 | 8,456 | 7,897 | 28,302 |
Net cash provided by operating activities | ||||||||||
108,140 | 90,595 | 112,223 | 100,318 | 60,277 | 58,090 | 6,055 | 69,186 | 34,736 | 43,283 | -6,247 |
Cash flows from investing activities | ||||||||||
Capital expenditures | ||||||||||
76,147 | 83,345 | 56,621 | 49,815 | 29,839 | 29,389 | 36,119 | 27,675 | 21,538 | 17,040 | 21,315 |
Proceeds from insurance | ||||||||||
- | - | 31,570 | - | - | - | - | - | - | - | - |
Cash paid for acquisitions, net | ||||||||||
90,992 | 4,628 | 1,501 | 195,989 | 430 | 120,251 | 647 | 23,546 | 41,105 | - | - |
Proceeds from dispositions of property and other assets | ||||||||||
1,583 | 925 | 947 | 1,166 | 1,542 | 1,109 | 464 | 322 | 440 | 14,753 | 76 |
Proceeds from possessory interest and personal property - discontinued operations | ||||||||||
- | - | - | - | - | 28,000 | 0 | 0 | - | - | - |
Proceeds from sale of facility and related land | ||||||||||
- | - | - | - | - | - | 12,696 | 0 | 0 | - | - |
Proceeds from sale of landdiscontinued operations | ||||||||||
- | - | - | - | - | - | 1,645 | 1,041 | 0 | - | - |
Proceeds from sale of short-term investments | ||||||||||
- | - | - | - | - | - | - | 384 | 0 | - | - |
Net cash used in investing activities | ||||||||||
-165,556 | -87,048 | -25,605 | -244,638 | -28,727 | -120,531 | -21,961 | -49,474 | -62,203 | -2,287 | -21,239 |
Cash flows from financing activities | ||||||||||
Proceeds from borrowings | ||||||||||
200,473 | 146,580 | 90,004 | 229,701 | 50,000 | 189,512 | 20,000 | 0 | 0 | - | - |
Payments on debt and finance lease obligations | ||||||||||
115,708 | 128,211 | 135,801 | 108,915 | 62,969 | 61,461 | 11,362 | 2,685 | 7,375 | 4,900 | 3,715 |
Dividends paid on common stock | ||||||||||
8,094 | 8,154 | 8,160 | 8,111 | 8,036 | 38,387 | 58,914 | 4,454 | 3,241 | 3,275 | 3,292 |
Distributions to noncontrolling interest | ||||||||||
407 | - | - | - | - | - | - | - | - | - | - |
Debt issuance costs | ||||||||||
39 | 1,823 | 5 | 336 | - | 1,671 | 0 | 0 | 1,001 | - | 277 |
Payment of payroll taxes on stock-based compensation through shares withheld or repurchased | ||||||||||
3,046 | 1,209 | 2,119 | - | - | - | - | - | - | - | - |
Common stock purchased for treasury | ||||||||||
- | 17,174 | - | 722 | 4,816 | 12,321 | 1,328 | 1,656 | 5,230 | 6,906 | 1,233 |
Excess tax benefit from share-based compensation arrangements | ||||||||||
- | - | - | 95 | 418 | 114 | 422 | 293 | 54 | 27 | - |
Acquisition of business - deferred consideration | ||||||||||
- | - | - | 130 | 896 | - | 0 | - | - | - | - |
Proceeds from exercise of stock options | ||||||||||
293 | 84 | - | - | 1,041 | 1,155 | 777 | 248 | 296 | 593 | - |
Net cash provided by (used in) financing activities | ||||||||||
73,472 | -9,907 | -56,081 | 111,582 | -25,258 | 76,941 | -50,405 | -8,254 | -16,497 | -14,461 | -8,517 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
1,050 | -2,470 | 2,286 | -2,893 | -6,751 | -3,331 | -2,039 | 2,337 | -1,501 | 2,964 | 4,305 |
Net change in cash and cash equivalents | ||||||||||
17,106 | -8,830 | 32,823 | -35,631 | -459 | 11,169 | -68,350 | 13,795 | -45,465 | 29,499 | -31,698 |
Supplemental disclosure of cash flow information | ||||||||||
Cash paid for income taxes | ||||||||||
- | - | - | - | - | - | 8,498 | 8,386 | 10,213 | 7,931 | 10,158 |
Cash paid for interest | ||||||||||
- | - | - | - | - | - | 1,006 | 1,103 | 1,088 | 1,131 | 1,309 |
Property and equipment acquired under capital leases | ||||||||||
- | - | - | - | - | - | 832 | 1,011 | 1,327 | 963 | 3,511 |
Property and equipment purchases in accounts payable and accrued liabilities | ||||||||||
- | - | - | - | - | - | 3,204 | 4,822 | 2,585 | - | - |