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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows Provided by (Used in) Operating Activities:    
Net income $ 106,268 $ 90,035
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 33,311 25,538
Share-based compensation 9,038 7,485
Loss on extinguishment of debt 233  
Loss on sale or abandonment of property and equipment 320 561
Amortization of debt issuance costs 716 779
Provision for bad debt expense 3,756 3,688
Loss from inventory obsolescence 1,313 1,251
Deferred income taxes, net (38) (21)
Change in certain assets and liabilities    
Receivables, net 1,894 (41,489)
Inventories, net 538 17,391
Prepaid expenses and other current assets 9,151 14,969
Accounts payable (16,390) (23,823)
Accrued liabilities 28,188 (1,131)
Payment of contingent consideration (413)  
Other, net 277 1,031
Net cash provided by operating activities 178,162 96,264
Cash Flows Provided by (Used in) Investing Activities:    
Purchases of property and equipment (20,937) (21,982)
Acquisition of businesses (20,526)  
Proceeds from sale of property and equipment 763 1,961
Other, net   22
Net cash used in investing activities (40,700) (19,999)
Cash Flows Provided by (Used in) Financing Activities:    
Proceeds from issuance of long-term debt 300,000 4,998
Repayment of long-term debt (313,407) (11,364)
Payment of debt issuance costs (2,280)  
Taxes withheld and paid on employees' equity awards (13,165) (8,471)
Repurchase of shares of common stock (34,152) (19,499)
Payment of contingent consideration (428) (1,091)
Net cash used in financing activities (63,432) (35,427)
Cash and Cash Equivalents    
Increase for the period 74,030 40,838
Beginning of period 184,807 100,929
End of period 258,837 141,767
Supplemental disclosure of noncash activities:    
Leased assets obtained in exchange for new operating lease liabilities 19,257 110,192
Accruals for property and equipment $ 323 $ 497

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