XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ (17,703) $ 27,430
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
Depreciation and amortization 22,511 25,410
Noncash Operating Lease Expense 5,844 6,413
Operating Lease, Impairment Loss 0 805
Share-based compensation 18,559 18,094
Amortization of debt discount and issuance costs 595 8,066
Goodwill, Impairment Loss 59,816 0
Allowances For Doubtful Accounts And Unbilled Services 539 191
Deferred Income Taxes and Tax Credits (16,125) (262)
Gain (Loss) on Disposition of Business (102) 0
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 0 (1,506)
Changes in operating assets and liabilities, net of divestiture:    
(Increase) decrease in receivables from clients, net 23,493 (6,817)
Increase (Decrease) in Other Receivables (1,597) 30,163
(Increase) decrease in current income tax receivable / payable, net 9,455 10,561
(Increase) decrease in other assets (3,426) (4,160)
Increase (decrease) in accounts payable and other liabilities (5,272) (3,565)
Increase (decrease) in accrued payroll and related benefits (25,290) (1,850)
Increase (decrease) in deferred revenues 3,290 3,098
Net cash provided by operating activities 77,985 51,745
Cash flows from investing activities:    
Purchases of property and equipment, net (5,731) (10,024)
Payments to Acquire Investments 13,000 0
Investment in life insurance policies (2,026) (4,434)
Payments to Acquire Businesses, Net of Cash Acquired (801) (2,500)
Capitalization of internally developed software costs (6,830) (7,462)
Net cash used in investing activities (28,388) (24,420)
Cash flows from financing activities:    
Proceeds from exercises of stock options 825 703
Shares redeemed for employee tax withholdings (7,797) (5,206)
Payments for Repurchase of Common Stock (22,115) 0
Proceeds from bank borrowings 283,000 105,500
Repayments of bank borrowings (240,396) (105,885)
Payments of Debt Issuance Costs 0 (1,498)
Payment for Contingent Consideration Liability, Financing Activities 0 4,674
Net Cash Provided by (Used in) Financing Activities 13,517 (11,060)
Effect of exchange rate changes on cash 27 38
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 63,141 16,303
Cash and cash equivalents at beginning of the period 11,604 33,107
Cash and cash equivalents at end of the period 74,745 49,410
Non-cash investing and financing activities:    
Property and equipment expenditures and capitalized software included in accounts payable, accrued expenses and accrued payroll and related benefits 2,049 3,085
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 1,456 $ 3,628