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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 $ 57,216 $ 86,762
Adjustments to reconcile net income to net cash provided by operating activities-    
Amortization of identifiable intangible assets 10,331 12,791
Depreciation expense 9,187 8,046
Change in right-of-use assets 5,357 4,734
Bad debt expense 946 25
Deferred tax provision (benefit) (27,537) 2,328
Amortization of debt financing costs 169 133
Gain on sale of assets (512) (323)
Changes in the fair value of contingent earn-out obligations 2,382 (4,088)
Stock-based compensation 6,141 3,996
(Increase) decrease in-    
Receivables, net (125,937) (52,701)
Inventories (1,386) (3,104)
Prepaid expenses and other current assets (911) (2,803)
Costs and estimated earnings in excess of billings and unbilled accounts receivable (2,281) 2,562
Other noncurrent assets (298) 181
Increase (decrease) in-    
Accounts payable and accrued liabilities 28,652 3,544
Billings in excess of costs and estimated earnings and deferred revenue 159,140 7,401
Other long-term liabilities 6,250 (5,755)
Net cash provided by operating activities 126,909 63,729
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (16,520) (9,192)
Proceeds from sales of property and equipment 622 1,056
Cash paid for acquisitions, net of cash acquired (53,047) 3
Payments for investments   (1,236)
Net cash used in investing activities (68,945) (9,369)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 85,000 50,000
Payments on revolving credit facility (140,000) (10,000)
Payments on term loan   (7,500)
Payments on other debt (16) (7,797)
Payments on finance lease liabilities   (253)
Payments of dividends to stockholders (6,254) (4,673)
Share repurchase (3,568) (14,097)
Shares received in lieu of tax withholding (1,798) (1,399)
Proceeds from exercise of options 18
Deferred acquisition payments   (50)
Payments for contingent consideration arrangements   (1,752)
Net cash provided by (used in) financing activities (66,618) 2,479
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (8,654) 56,839
CASH AND CASH EQUIVALENTS, beginning of period 57,214 58,776
CASH AND CASH EQUIVALENTS, end of period $ 48,560 $ 115,615