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Consolidated Statements of Cash Flows
$ in Thousands
3 Months Ended
Mar. 31, 2018
USD ($)
Mar. 31, 2017
USD ($)
Cash flows from operating activities    
Net income $ 5,932 $ 20,167
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 17,924 14,500
Amortization of contract acquisition costs 362 406
Amortization of debt issuance costs 247 171
Imputed interest expense and fair value adjustments to contingent consideration 2,011 20
Provision for doubtful accounts 124 61
(Gain) loss on disposal of assets 18 23
Impairment losses 1,120  
Impairment of equity investment 15,632  
Gain (adjustment) on bargain purchase of a business (685)  
Deferred income taxes (972) (918)
Excess tax benefit from equity-based awards (227) (284)
Equity-based compensation expense 3,609 2,041
(Gain) loss on foreign currency derivatives 725 (1,205)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 41,197 28,610
Prepaids and other assets 2,337 (7,187)
Accounts payable and accrued expenses 2,720 10,456
Deferred revenue and other liabilities (24,687) 8,071
Net cash provided by operating activities 67,387 74,932
Cash flows from investing activities    
Proceeds from sale of long-live assets 4 13
Purchases of property, plant and equipment (7,508) (12,035)
Payments for contract acquisition costs   (1,021)
Investments in non-marketable equity investments (2,119) (1,153)
Acquisitions, net of cash acquired of zero and zero, respectively (460)  
Net cash used in investing activities (10,083) (14,196)
Cash flows from financing activities    
Proceeds from line of credit 630,800 536,900
Payments on line of credit (672,300) (572,200)
Payments on other debt (1,563) (1,215)
Payments of contingent consideration and hold back payments to acquisitions (399)  
Payments to noncontrolling interest (945) (945)
Tax payments related to issuance of restricted stock units (1,722) (687)
Purchase of treasury stock   (11,658)
Net cash provided by financing activities (46,129) (49,805)
Effect of exchange rate changes on cash and cash equivalents (4,018) 280
Increase (decrease) in cash and cash equivalents 7,157 11,211
Cash and cash equivalents, beginning of period 74,437 55,264
Cash and cash equivalents, end of period 81,594 66,475
Supplemental disclosures    
Cash paid for interest 4,201 2,127
Cash paid for income taxes 4,143 450
Non-cash investing and financing activities    
Acquisition of long lived assets through capital leases 4,048 534
Acquisition of equipment through increase in accounts payable, net (372) 1,361
Dividends declared but not paid $ 12,414 $ 10,069