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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 57,402 $ 57,273
Adjustments to reconcile net income to net cash provided by operating activities:    
Asset impairment   612
Depreciation and amortization expense 7,915 6,790
Bad debt expense 26,168 25,187
Compensation expense related to share-based awards 7,430 6,503
Deferred income taxes 8,569 19,262
Changes in operating assets and liabilities (24,739) (10,263)
Net cash provided by operating activities 82,745 105,364
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale investments (218,437) (209,846)
Sales of available-for-sale investments 127,193 145,819
Purchases of property and equipment (3,059) (3,439)
Business acquisition   (34,065)
Net cash used in investing activities (94,303) (101,531)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock 623 1,014
Purchase of treasury stock (5,372) (17,309)
Payments of employee tax associated with stock compensation (2,034) (689)
Net cash used in financing activities (6,783) (16,984)
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (18,341) (13,151)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of the period 109,684 108,687
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of the period $ 91,343 95,536
Supplemental non-cash disclosure:    
Amounts placed in escrow during the period to secure indemnification obligations from business acquisition   $ 4,000