XML 17 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities:    
Net income $ 26,108 $ 21,638
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 6,348 5,911
Provision for bad debts 5,044 8,383
Stock-based compensation expense 3,077 2,236
Deferred income taxes 2,522 2,058
Loss on disposal of assets 154 1,247
Changes in operating assets and liabilities, net of acquisitions:    
Receivables (6,970) (19,758)
Prepaid expenses and other assets (2,329) (6,446)
Prepaid income taxes (3,296) (4,364)
Accounts payable and accrued expenses 15,119 21,867
Income taxes payable (3,499)  
Net amounts due to/from governmental entities 498 (1,900)
Net cash provided by operating activities 42,776 30,872
Investing activities:    
Purchases of property, building and equipment (5,341) (13,712)
Cash paid for acquisitions, primarily goodwill and intangible assets (22,704) (11,515)
Advanced payments on acquisitions (523)  
Other   273
Net cash used in investing activities (28,568) (24,954)
Financing activities:    
Proceeds from line of credit 19,000 35,000
Payments on line of credit (22,000) (23,000)
Proceeds from employee stock purchase plan 469 445
Payments on debt (129) (115)
Noncontrolling interest distributions (5,167) (4,338)
Excess tax benefits from vesting of stock awards   1,218
Withholding taxes paid on stock-based compensation (2,744) (1,703)
Purchase of additional controlling interest (184)  
Sale of noncontrolling interest 251 52
Proceeds from exercise of stock options 0 109
Net cash (used in) provided by financing activities (10,504) 7,668
Change in cash 3,704 13,586
Cash at beginning of period 3,264 6,139
Cash at end of period 6,968 19,725
Supplemental disclosures of cash flow information:    
Interest paid 1,762 1,489
Income taxes paid $ 17,320 $ 10,635