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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net income $ 17,862 $ 18,351
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
(Recovery of) provision for credit losses (170) 5,334
Deferred income taxes 4,505 1,838
Non-cash equity compensation 3,563 3,275
Depreciation and amortization 10,154 8,285
Facilities consolidation reserve (78) (75)
Amortization of debt issuance costs 154 155
Impairment of long-lived assets   303
Other adjustments, net 353 457
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Net contract assets and liabilities (59,689) (19,750)
Contract receivables 31,473 2,531
Prepaid expenses and other assets (11,708) 2,016
Operating lease assets and liabilities, net (532) (1,143)
Accounts payable (9,815) (354)
Accrued salaries and benefits 9,513 4,715
Accrued subcontractors and other direct costs 1,078 (33,466)
Accrued expenses and other current liabilities (6,883) 8,303
Income tax receivable and payable 2,621 3,924
Other liabilities 544 262
Net Cash (Used in) Provided by Operating Activities (7,055) 4,961
Cash Flows from Investing Activities    
Capital expenditures for property and equipment and capitalized software (6,454) (3,595)
Cash Flows from Financing Activities    
Advances from working capital facilities 329,690 185,755
Payments on working capital facilities (291,662) (174,674)
Receipt of restricted contract funds 4,301 451
Payment of restricted contract funds (14,714) (27,081)
Proceeds from exercise of options 92 2,702
Dividends paid (2,644) (2,642)
Net payments for stock issuances and buybacks (22,268) (17,104)
Payments on business acquisition liabilities (121) (682)
Net Cash Provided by (Used in) Financing Activities 2,674 (33,275)
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash (525) 745
Decrease in Cash, Cash Equivalents, and Restricted Cash (11,360) (31,164)
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period 20,433 81,987
Cash, Cash Equivalents, and Restricted Cash, End of Period 9,073 50,823
Supplemental Disclosure of Cash Flow Information    
Interest 2,760 2,637
Income taxes 949 $ 961
Non-cash investing and financing transactions:    
Tenant improvements funded by lessor $ 10,843