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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities    
Net income $ 10,612 $ 15,318
Adjustments to reconcile net income to net cash used in operating activities:    
Bad debt expense 444 (159)
Deferred income taxes 4,756 3,144
Non-cash equity compensation 3,826 4,151
Depreciation and amortization 8,032 6,897
Facilities consolidation reserve (71) (67)
Amortization of debt issuance costs 246 127
Other adjustments, net (766) (264)
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Net contract assets and liabilities (17,349) (23,152)
Contract receivables 40,488 8,236
Prepaid expenses and other assets (1,070) 1,353
Accounts payable (49,200) (15,561)
Accrued salaries and benefits 4,453 5,913
Accrued subcontractors and other direct costs (10,326) (8,796)
Accrued expenses and other current liabilities (5,835) (8,705)
Income tax receivable and payable (2,996) (757)
Other liabilities (476) (366)
Net Cash Used in Operating Activities (15,232) (12,688)
Cash Flows from Investing Activities    
Capital expenditures for property and equipment and capitalized software (4,704) (7,539)
Payments for business acquisitions, net of cash received (253,021) (1,819)
Net Cash Used in Investing Activities (257,725) (9,358)
Cash Flows from Financing Activities    
Advances from working capital facilities 744,331 163,240
Payments on working capital facilities (389,776) (131,346)
Debt issue costs (2,081)  
Proceeds from exercise of options 37 404
Dividends paid (2,639) (2,636)
Net payments for stock issuances and buybacks (23,998) (15,218)
Net Cash Provided by Financing Activities 325,874 14,444
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash (738) 305
Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 52,179 (7,297)
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period 6,482 12,986
Cash, Cash Equivalents, and Restricted Cash, End of Period 58,661 5,689
Supplemental Disclosure of Cash Flow Information    
Interest 3,892 1,597
Income taxes $ 895 $ 1,066