XML 16 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 17,767 $ 40,679
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation expense 8,848 13,613
Amortization expense 2,765 3,628
Share-based compensation expense 6,981 5,466
Deferred income taxes 4,808 (5,633)
Allowance for doubtful accounts receivable 1,167 6,894
Loss from disposition of discontinued operations (49)  
Other, net 297 39
Changes in assets and liabilities (net of acquisitions):    
Accounts receivable, net and contract assets (21,974) (18,192)
Prepaid expenses and other assets (2,431) 2,372
Accounts payable 1,916 (1,507)
Accrued liabilities 2,145 4,086
Accrued compensation-related costs (23,270) (27,124)
Income taxes payable (9,476) 2,324
Lease liabilities and right-of-use assets (1,410)  
Other liabilities (5,769) (7,949)
Net cash (used in) provided by operating activities (17,685) 18,696
Cash flows from investing activities:    
Purchases of property and equipment (8,454) (7,455)
Acquisitions of businesses, net of cash acquired (6,120)  
Other, net   (19)
Net cash used in investing activities (14,574) (7,474)
Cash flows from financing activities:    
Issuances of common stock 1,464 2,174
Repurchases of common stock (74,244) (18,847)
Dividend payments (3,920)  
Repayments to banks   (172,479)
Borrowings from banks   187,248
Distributions to non-controlling interest holder (3,600)  
Other, net (3,847) (6,218)
Net cash used in financing activities (84,147) (8,122)
Effect of exchange rate changes on cash and cash equivalents 112 (409)
Net (decrease) increase in cash and cash equivalents (116,294) 2,691
Cash and cash equivalents at beginning of the period 206,920 8,449
Cash and cash equivalents at end of the period 90,626 11,140
Supplemental Consolidated Cash Flow Information    
Interest paid 303 2,610
Income taxes paid, net of refunds $ 10,378 $ 5,726