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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 $ 42,139 $ 49,559
Adjustments to reconcile net income to net cash provided by operating activities:    
Bad debt expense 1,517 377
Deferred income taxes 7,838 1,089
Non-cash equity compensation 9,472 11,682
Depreciation and amortization 25,229 21,535
Facilities consolidation reserve (214) (204)
Amortization of debt issuance costs 557 380
Impairment of long-lived assets   1,728
Other adjustments, net (2,278) (1,110)
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Net contract assets and liabilities 2,842 (28,793)
Contract receivables 49,428 (39,711)
Prepaid expenses and other assets 1,084 (385)
Accounts payable (65,044) (5,052)
Accrued salaries and benefits 29,418 23,227
Accrued subcontractors and other direct costs (7,622) (16,895)
Accrued expenses and other current liabilities (9,107) (6,756)
Income tax receivable and payable (4,380) (4,134)
Other liabilities 14,292 (173)
Net Cash Provided by Operating Activities 95,171 6,364
Cash Flows from Investing Activities    
Capital expenditures for property and equipment and capitalized software (12,910) (20,686)
Payments for business acquisitions, net of cash acquired (253,090) (3,569)
Net Cash Used in Investing Activities (266,000) (24,255)
Cash Flows from Financing Activities    
Advances from working capital facilities 946,201 545,539
Payments on working capital facilities (736,645) (500,963)
Payments on capital expenditure obligations (1,712) (1,621)
Debt issue costs (2,093)  
Proceeds from exercise of options 37 1,883
Dividends paid (7,910) (7,906)
Net payments for stock issuances and buybacks (23,247) (24,301)
Payments on business acquisition liabilities (1,924)  
Net Cash Provided by Financing Activities 172,707 12,631
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash (123) (274)
Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 1,755 (5,534)
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period 6,482 12,986
Cash, Cash Equivalents, and Restricted Cash, End of Period 8,237 7,452
Supplemental Disclosure of Cash Flow Information    
Interest 11,331 7,581
Income taxes 11,138 $ 18,061
Non-cash investing and financing transactions:    
Tenant improvements funded by lessor $ 2,207