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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net income $ 36,259 $ 38,663
Adjustments to reconcile net income to net cash provided by operating activities:    
(Recovery of) provision for credit losses (172) 7,782
Deferred income taxes 4,741 2,489
Non-cash equity compensation 6,507 6,163
Depreciation and amortization 20,181 16,032
Facilities consolidation reserve (156) (148)
Amortization of debt issuance costs 617 309
Impairment of long-lived assets   303
Other adjustments, net 868 1,365
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Net contract assets and liabilities (71,612) (13,698)
Contract receivables 17,520 (29,070)
Prepaid expenses and other assets (5,758) (3,108)
Operating lease assets and liabilities, net (997) (3,361)
Accounts payable (5,801) 3,667
Accrued salaries and benefits 1,512 2,738
Accrued subcontractors and other direct costs 6,754 (37,035)
Accrued expenses and other current liabilities (3,253) 20,619
Income tax receivable and payable (1,572) (7,193)
Other liabilities 771 (176)
Net Cash Provided by Operating Activities 6,409 6,341
Cash Flows from Investing Activities    
Capital expenditures for property and equipment and capitalized software (11,026) (7,475)
Proceeds from working capital adjustments related to prior business acquisition 2,911  
Net Cash Used in Investing Activities (8,115) (7,475)
Cash Flows from Financing Activities    
Advances from working capital facilities 869,529 382,552
Payments on working capital facilities (838,259) (364,395)
Receipt of restricted contract funds 10,967 75,158
Payment of restricted contract funds (20,550) (117,399)
Debt issue costs (4,776)  
Proceeds from exercise of options 194 2,773
Dividends paid (5,280) (5,284)
Net payments for stock issuances and buybacks (20,778) (18,365)
Payments on business acquisition liabilities (121) (682)
Net Cash Used in Financing Activities (9,074) (45,642)
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash (1,189) 699
Decrease in Cash, Cash Equivalents, and Restricted Cash (11,969) (46,077)
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period 20,433 81,987
Cash, Cash Equivalents, and Restricted Cash, End of Period 8,464 35,910
Supplemental Disclosure of Cash Flow Information    
Interest 6,473 5,319
Income taxes 12,373 $ 20,714
Non-cash investing and financing transactions:    
Tenant improvements funded by lessor $ 20,243