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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net income $ 24,674 $ 66,768
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 50,773 52,944
Amortization of contract acquisition costs 1,158 1,063
Amortization of debt issuance costs 534 500
Imputed interest expense and fair value adjustments to contingent consideration, net 6,762 0
Provision for credit losses 1,704 198
(Gain) loss on disposal of assets 856 1,116
Loss on dissolution of subsidiary 301  
Impairment losses 6,959 10,360
Deferred income taxes (10,390) (9,161)
Excess tax benefit from equity-based awards 243 (913)
Equity-based compensation expense 9,802 7,882
(Gain) loss on foreign currency derivatives 247 224
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 14,645 (38,271)
Prepaids and other assets 20,324 35,866
Accounts payable and accrued expenses 43,429 21,041
Deferred revenue and other liabilities (27,072) (58,345)
Net cash provided by operating activities 144,949 91,272
Cash flows from investing activities    
Proceeds from sale of long-live assets 28 102
Purchases of property, plant and equipment (32,954) (35,790)
Acquisitions, net of cash acquired for current period and prior period, respectively (142,420)
Net cash used in investing activities (32,926) (178,108)
Cash flows from financing activities    
Net proceeds (borrowings) from line of credit (45,000) 139,000
Payments on other debt (1,217) (1,877)
Payments of contingent consideration and hold back payments to acquisitions (37,676) (9,600)
Dividends paid to shareholders (24,572) (23,518)
Payments to noncontrolling interest (5,887) (7,219)
Tax payments related to issuance of restricted stock units (629) (3,065)
Net cash (used in) provided by financing activities (114,981) 93,721
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,275 (12,350)
Increase (decrease) in cash, cash equivalents and restricted cash (1,683) (5,465)
Cash, cash equivalents and restricted cash, beginning of period 167,064 180,682
Cash, cash equivalents and restricted cash, end of period 165,381 175,217
Supplemental disclosures    
Cash paid for interest 35,794 9,394
Cash paid for income taxes 23,874 19,882
Non-cash investing and financing activities    
Acquisition of long lived assets through finance leases 1,560 202
Acquisition of equipment through increase in accounts payable, net $ 3,507 $ 467