Annual report pursuant to Section 13 and 15(d)

Schedule I - Condensed Statements of Cash Flow (Details)

v3.24.0.1
Schedule I - Condensed Statements of Cash Flow (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 34,566 $ 71,978 $ 59,427
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred income taxes (4,680) 22,300 4,848
Depreciation and amortization 127,597 101,752 97,194
Foreign currency loss (gain) and interest related to intercompany balances 29 227 (1,320)
Share-based compensation 15,015 12,161 5,804
Other operating activities, net 2,631 775 677
Changes in assets and liabilities:      
Decrease (increase) in other current assets (29,386) 1,476 (5,421)
(Decrease) increase in other current liabilities 990 6,884 7,867
Net cash provided by operating activities 136,094 209,256 159,191
Cash flows from investing activities:      
Net cash used in investing activities (296,822) (175,488) (171,777)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt, net 99,643 70,896 484,089
Payment of merger transaction issuance costs 0 0 (4,773)
Common stock repurchased (33,694) (40,042) 0
Dividends paid on common stock (14,272) (10,893) 0
Dividends paid on redeemable preferred stock (5,750) (5,750) (5,892)
Payment of Ares Put Option (9,808) 0 0
Net cash provided by (used in) financing activities 85,357 10,555 (26,384)
Cash and cash equivalents and restricted cash, beginning of year 316,769 272,543 312,977
Cash and cash equivalents and restricted cash, end of year 241,421 316,769 272,543
Supplementary cash flow information:      
Cash received for interest 7,944 1,964 428
Cash paid for interest 82,477 57,653 51,495
Cash paid for taxes 29,456 6,747 14,912
Supplementary noncash activities:      
Prepaid insurance premiums financed through notes payable 10,711 6,668 8,210
Parent Company      
Cash flows from operating activities:      
Net income 34,369 71,747 59,198
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity income from subsidiaries (29,766) (74,024) (71,955)
Deferred income taxes 298 (164) 519
Amortization of deferred financing costs and debt discount 785 759 152
Foreign currency loss (gain) and interest related to intercompany balances 0 1,693 (4,656)
Share-based compensation 1,172 955 868
Fair value adjustment of financial liabilities (10,520) (887) 5,021
Other operating activities, net (116) 0 0
Changes in assets and liabilities:      
Decrease (increase) in other current assets 4,856 (11,542) (1,586)
(Decrease) increase in other current liabilities (2,910) 6,752 3,713
Net cash provided by operating activities (1,832) (4,711) (8,726)
Cash flows from investing activities:      
Loans to investees 0 0 (450,000)
Repayments of loans to subsidiaries and other investees 0 40,000 0
Distribution from subsidiary 0 28,109 0
Net cash used in investing activities 0 68,109 (450,000)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt, net 0 0 442,737
Payment of merger transaction issuance costs 0 0 (4,773)
Common stock repurchased (33,694) (40,042) 0
Dividends paid on common stock (14,272) (10,893) 0
Dividends paid on redeemable preferred stock (5,750) (5,750) (5,892)
Payment of Ares Put Option (9,808) 0 0
Repayment of long-term debt (1,145) (1,500) (2,017)
Net cash provided by (used in) financing activities (64,669) (58,185) 430,055
Net (decrease) increase in cash and cash equivalents and restricted cash (66,501) 5,213 (28,671)
Cash and cash equivalents and restricted cash, beginning of year 93,721 88,508 117,179
Cash and cash equivalents and restricted cash, end of year 27,220 93,721 88,508
Supplementary cash flow information:      
Cash received for interest 25,623 26,028 1,404
Cash paid for interest 23,089 24,610 14
Cash paid for taxes 0 735 6,175
Supplementary noncash activities:      
Prepaid insurance premiums financed through notes payable 671 1,145 1,765
Issuance of shares $ 0 $ 0 $ 3,000