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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 96,319 $ 57,216
Adjustments to reconcile net income to net cash provided by operating activities-    
Amortization of identifiable intangible assets 23,913 10,331
Depreciation expense 11,254 9,187
Change in right-of-use assets 7,981 5,357
Bad debt expense 356 946
Deferred tax provision (benefit) (14,205) (27,537)
Amortization of debt financing costs 171 169
Gain on sale of assets (820) (512)
Changes in the fair value of contingent earn-out obligations 12,491 2,382
Stock-based compensation 7,414 6,141
(Increase) decrease in-    
Receivables, net (125,582) (125,937)
Inventories (5,293) (1,386)
Prepaid expenses and other current assets (4,499) (911)
Costs and estimated earnings in excess of billings and unbilled accounts receivable (4,822) (2,281)
Other noncurrent assets (280) (298)
Increase (decrease) in-    
Accounts payable and accrued liabilities 118,757 28,652
Billings in excess of costs and estimated earnings and deferred revenue 23,307 159,140
Other long-term liabilities 95 6,250
Net cash provided by operating activities 146,557 126,909
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (24,952) (16,520)
Proceeds from sales of property and equipment 1,014 622
Cash paid for acquisitions, net of cash acquired (196,670) (53,047)
Payments for investments (1,040)  
Net cash used in investing activities (221,648) (68,945)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 162,000 85,000
Payments on revolving credit facility (162,000) (140,000)
Proceeds from other debt 640  
Payments on other debt (22) (16)
Payments of dividends to stockholders (8,921) (6,254)
Share repurchase (295) (3,568)
Shares received in lieu of tax withholding (2,126) (1,798)
Proceeds from exercise of options 27 18
Payments for contingent consideration arrangements (18,570)  
Net cash used in financing activities (29,267) (66,618)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (104,358) (8,654)
CASH AND CASH EQUIVALENTS, beginning of period 205,150 57,214
CASH AND CASH EQUIVALENTS, end of period $ 100,792 $ 48,560