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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 45,490 $ 56,388
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18,057 17,212
Deferred income taxes (4,178) 9,042
Stock-based compensation expense 19,484 15,099
Deferred compensation plan 4,146 (5,138)
Amortization of deferred debt issuance costs 1,823 1,778
Change in fair value of derivative 4,489 (12,084)
Foreign currency remeasurement (gain) loss 1,018 1,677
Other non-cash items, net (4,411) (114)
Changes in assets and liabilities, net of effect from acquisitions:    
Accounts receivable 15,420 8,691
Prepaid and other assets 12,137 5,718
Accounts payable, accruals, and other liabilities 53,127 26,791
Deferred revenues 1,942 (12,515)
Income taxes payable, net of prepaid income taxes 7,679 (10,814)
Net cash provided by operating activities 176,223 101,731
Cash flows from investing activities:    
Purchases of property and equipment and investment in capitalized software (4,284) (4,176)
Proceeds from sale of aircraft 0 2,380
Acquisitions, net of cash acquired (10,299) (695,968)
Purchases of investments (6,178) (2,811)
Net cash used in investing activities (20,761) (700,575)
Cash flows from financing activities:    
Proceeds from credit facilities 117,139 563,912
Payments of credit facilities (223,124) (123,696)
Repayments from term loan (1,250) (1,250)
Payments of contingent and non-contingent consideration (249) (2,721)
Payments of dividends (14,522) (8,528)
Proceeds from stock purchases under employee stock purchase plan 4,557 4,611
Proceeds from exercise of stock options 4,202 2,768
Payments for shares acquired including shares withheld for taxes (20,948) (35,117)
Other financing activities (46) (48)
Net cash provided by financing activities (134,241) 399,931
Effect of exchange rate changes on cash and cash equivalents 662 (807)
Increase (decrease) in cash and cash equivalents 21,883 (199,720)
Cash and cash equivalents, beginning of year 71,684 329,337
Cash and cash equivalents, end of period 93,567 129,617
Supplemental information:    
Cash paid for income taxes 6,104 6,766
Income tax refunds 71 798
Interest paid 10,473 5,296
Non-cash investing and financing activities:    
Cost method investment 3,500 0
Deferred, non-contingent consideration, net 525 0
Share-settled executive bonus plan awards 5,484 4,996
Deferred compensation plan elective participant deferrals $ 1,533 $ 669