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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 62,516 $ 46,025 $ 45,126
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisitions:      
Depreciation and amortization 14,126 14,060 14,494
Deferred income taxes 2,819 3,908 7,282
Stock-based compensation 10,319 10,625 9,434
Amortization of debt issuance costs under the credit facility 860 860 804
Provision for credit losses 731 678 962
Impairment of operating lease assets 13 1,174  
Gain on termination of operating leases (23)    
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 15,666 20,592 (3,916)
Prepaid expenses and other current assets (3,113) 1,471 (8,599)
Government stimulus advances (7,577) 8,739 (27,914)
Accounts payable 2,025 2,514 (4,810)
Accrued payroll 9,176 (918) 7,888
Accrued expenses and other liabilities 4,709 (4,618) (1,263)
Net cash provided by operating activities 112,247 105,110 39,488
Cash flows from investing activities:      
Business acquisition, net of cash acquired (109,797) (98,290) (37,370)
Purchases of property and equipment (9,454) (8,300) (4,645)
Proceeds on disposal of property and equipment 15    
Net cash used in investing activities (119,236) (106,590) (42,015)
Cash flows from financing activities:      
Borrowings on revolver — credit facility 110,000 47,000 46,395
Payments on revolver - credit facility (118,500) (137,000)  
Payments on term loan — credit facility     (18,130)
Payments for debt issuance costs under the credit facility     (3,029)
Cash received from exercise of stock options 319 2,546 1,108
Net cash (used in) provided by financing activities (8,181) (87,454) 26,344
Net change in cash (15,170) (88,934) 23,817
Cash, at beginning of period 79,961 168,895 145,078
Cash, at end of period 64,791 79,961 168,895
Supplemental disclosures of cash flow information:      
Cash paid for interest 10,254 7,985 5,094
Cash paid for income taxes 14,985 1,483 17,820
Supplemental disclosures of non-cash investing and financing activities      
Leasehold improvements acquired through tenant allowances   295  
Licensing fees included in fixed assets $ 4,000 $ 4,000  
Tax benefit related to the amortization of tax goodwill in excess of book basis     $ 61