v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 27,592 $ 19,864
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,467 13,215
Amortization of deferred loan costs 32 64
Stock-based compensation - stock options 1,953 2,127
Provision for bad debts 48 9
Loss on disposition of assets (79) (4)
Non-cash operating lease expense 2 (2)
Changes in operating assets and liabilities:    
Receivables 1,316 (1,776)
Income taxes receivable 7,952 5,770
Inventories 752 1,032
Prepaid expenses and other 992 1,332
Accounts payable 482 (2,440)
Accrued expenses (2,997) (2,729)
Net cash provided by operating activities 48,512 36,462
Cash flows from investing activities:    
Proceeds from sale of assets 87 4
Change in construction accounts payable (2,025) 3,787
Acquisition of property and equipment (5,551) (19,819)
Net cash used in investing activities (7,489) (16,028)
Cash flows from financing activities:    
Proceeds from exercise of stock options 5,727 1,434
Payment of dividends (5,362) (5,538)
Purchase of company common stock (17,731)  
Net cash used in financing activities (17,366) (4,104)
Change in cash and cash equivalents 23,657 16,330
Cash and cash equivalents at beginning of period 96,468 58,760
Cash and cash equivalents at end of period 120,125 75,090
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 60 $ 61