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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 87,747 $ 47,733
Adjustments to reconcile net income to net cash provided by operating activities—    
Amortization of identifiable intangible assets 14,102 12,622
Depreciation expense 16,630 14,714
Goodwill impairment   1,105
Bad debt expense 2,905 29
Deferred tax provision (benefit) 5,520 (112)
Amortization of debt financing costs 288 282
Gain on sale of assets (630) (464)
Changes in the fair value of contingent earn-out obligations (493) (1,845)
Stock-based compensation 6,021 4,317
(Increase) decrease in—    
Receivables, net (80,726) (38,051)
Inventories (1,917) (1,059)
Prepaid expenses and other current assets 3,085 (608)
Costs and estimated earnings in excess of billings and unbilled accounts receivable (18,328) (7,348)
Other noncurrent assets (199) 913
Increase (decrease) in—    
Accounts payable and accrued liabilities 19,537 22,595
Billings in excess of costs and estimated earnings 17,682 10,309
Other long-term liabilities (3,222) 560
Net cash provided by operating activities 68,002 65,692
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (22,059) (16,830)
Proceeds from sales of property and equipment 1,077 784
Cash paid for acquisitions, net of cash acquired (65,287) (94,860)
Net cash used in investing activities (86,269) (110,906)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving line of credit 104,000 140,000
Payments on revolving line of credit (79,000) (74,000)
Payments on other debt (1,094) (798)
Payments on capital lease obligations   (133)
Debt financing costs (844)  
Payments of dividends to stockholders (8,930) (8,199)
Share repurchase (11,573) (8,909)
Shares received in lieu of tax withholding (1,540) (1,419)
Proceeds from exercise of options 2,899 1,296
Deferred acquisition payments (750) (2,802)
Payments for contingent consideration arrangements 2,195 2,400
Net cash provided by financing activities 973 42,636
NET DECREASE IN CASH AND CASH EQUIVALENTS (17,294) (2,578)
CASH AND CASH EQUIVALENTS, beginning of period 36,542 32,074
CASH AND CASH EQUIVALENTS, end of period $ 19,248 $ 29,496