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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities    
Net income $ 59,053 $ 42,139
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 11,324 1,517
Deferred income taxes 4,062 7,838
Non-cash equity compensation 9,756 9,472
Depreciation and amortization 23,712 25,229
Non-cash lease expense (4,743) (1,540)
Facilities consolidation reserve (225) (214)
Amortization of debt issuance costs 463 557
Impairment of long-lived assets 339  
Other adjustments, net 1,818 (738)
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Net contract assets and liabilities (16,381) 2,842
Contract receivables (6,688) 49,428
Prepaid expenses and other assets (9,224) 1,084
Accounts payable 5,653 (65,044)
Accrued salaries and benefits 10,377 29,418
Accrued subcontractors and other direct costs (36,436) (7,622)
Accrued expenses and other current liabilities 17,002 (9,107)
Income tax receivable and payable (3,490) (4,380)
Other liabilities (1,609) 14,292
Net Cash Provided by Operating Activities 64,763 95,171
Cash Flows from Investing Activities    
Capital expenditures for property and equipment and capitalized software (12,279) (12,910)
Payments for business acquisitions, net of cash acquired   (253,090)
Net Cash Used in Investing Activities (12,279) (266,000)
Cash Flows from Financing Activities    
Advances from working capital facilities 559,830 946,201
Payments on working capital facilities (593,775) (736,645)
Payments on capital expenditure obligations   (1,712)
Receipt of restricted contract funds 194,504  
Payment of restricted contract funds (227,700)  
Debt issue costs   (2,093)
Proceeds from exercise of options 2,773 37
Dividends paid (7,923) (7,910)
Net payments for stock issuances and buybacks (18,695) (23,247)
Payments on business acquisition liabilities (682) (1,924)
Net Cash (Used in) Provided by Financing Activities (91,668) 172,707
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash (501) (123)
(Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash (39,685) 1,755
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period 81,987 6,482
Cash, Cash Equivalents, and Restricted Cash, End of Period 42,302 8,237
Supplemental Disclosure of Cash Flow Information    
Interest 7,882 11,331
Income taxes $ 25,062 11,138
Non-cash investing and financing transactions:    
Tenant improvements funded by lessor   $ 2,207