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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 22,480 $ 44,458
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 96,341 103,185
Amortization of deferred financing costs 1,362 1,347
Bad debt expense (recovery) 134 (6)
Deferred taxes (8,723) 5,536
Share-based compensation 10,449 5,824
Loss on foreign currency exchange rates 26 115
Loss on disposal of fixed assets and impairment of ROU assets 1,724 197
Change in fair value of interest rate swaps (2,201) (11,376)
Changes in operating assets and liabilities:    
Accounts receivable (12,162) 3,063
Prepaid expenses and other assets 8,661 700
Accounts payable 531 165
Accrued compensation and accrued liabilities (8,389) (9,337)
Deferred revenues 87 (116)
Operating lease liabilities (1,134) (773)
Other liabilities (198) 1,055
Income taxes receivable and payable, net (2,908) (1,195)
Net cash provided by operating activities 106,080 142,842
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions of businesses, net of cash acquired (41,122) (19,044)
Purchases of property and equipment (1,798) (6,034)
Capitalized software development costs (18,781) (16,320)
Other investing activities (231) 872
Net cash used in investing activities (61,932) (40,526)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash dividends paid (217,683) 0
Share repurchases (55,917) (2,248)
Payments on finance lease obligations (97) (673)
Payments on deferred purchase agreements (703) (704)
Proceeds from issuance of common stock under share-based compensation plans 4,089 3,090
Net settlement of share-based compensation plan awards (254) (292)
Net cash used in financing activities (270,565) (827)
Effect of exchange rate on cash, cash equivalents, and restricted cash (372) (3,879)
(Decrease) increase in cash, cash equivalents, and restricted cash (226,789) 97,610
Cash, cash equivalents, and restricted cash at beginning of period 391,796 292,790
Cash, cash equivalents, and restricted cash at end of period 165,007 390,400
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for income taxes, net of refunds received 21,006 11,321
Cash paid for interest 33,787 17,640
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Property and equipment acquired on account 25 105
Excise taxes on share repurchases incurred but not paid 558 0
Dividends declared but not paid $ 701 $ 0