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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities    
Net income $ 16,398 $ 17,862
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 567 (170)
Deferred income taxes 2,187 4,505
Non-cash equity compensation 3,750 3,563
Depreciation and amortization 15,533 10,154
Facilities consolidation reserve   (78)
Amortization of debt issuance costs 326 154
Impairment of long-lived assets 894  
Other adjustments, net (827) 353
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Net contract assets and liabilities (18,716) (59,689)
Contract receivables 10,929 31,473
Prepaid expenses and other assets 15,353 (11,708)
Operating lease assets and liabilities, net 1,016 (532)
Accounts payable (26,083) (9,815)
Accrued salaries and benefits (24,678) 9,513
Accrued subcontractors and other direct costs (2,613) 1,078
Accrued expenses and other current liabilities (14,688) (6,883)
Income tax receivable and payable 3,192 2,621
Other liabilities 629 544
Net Cash Used in Operating Activities (16,831) (7,055)
Cash Flows from Investing Activities    
Capital expenditures for property and equipment and capitalized software (6,441) (6,454)
Payments for business acquisitions, net of cash acquired (459)  
Net Cash Used in Investing Activities (6,900) (6,454)
Cash Flows from Financing Activities    
Advances from working capital facilities 334,995 329,690
Payments on working capital facilities (293,640) (291,662)
Other short-term borrowings 2,483  
Receipt of restricted contract funds 2,916 4,301
Payment of restricted contract funds (1,131) (14,714)
Payments of principal portion of finance leases (590)  
Proceeds from exercise of options 111 92
Dividends paid (2,641) (2,644)
Net payments for stock issuances and buybacks (22,815) (22,268)
Payments on business acquisition liabilities   (121)
Net Cash Provided by Financing Activities 19,688 2,674
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash 11 (525)
Decrease in Cash, Cash Equivalents, and Restricted Cash (4,032) (11,360)
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period 12,968 20,433
Cash, Cash Equivalents, and Restricted Cash, End of Period 8,936 9,073
Supplemental Disclosure of Cash Flow Information    
Interest 5,924 2,760
Income taxes $ 914 949
Non-cash investing and financing transactions:    
Tenant improvements funded by lessor   $ 10,843