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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 15,247 $ 12,835
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisitions:    
Depreciation and amortization 7,365 6,676
Deferred income taxes 372 397
Stock-based compensation 4,186 2,961
Amortization of debt issuance costs under the credit facility 533 450
Provision for doubtful accounts 168 214
Loss of disposal of assets (90)  
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (22,291) (5,418)
Prepaid expenses and other current assets 2,822 2,007
Accounts payable 1,856 1,844
Accrued expenses and other long-term liabilities (2,084) 2,713
Net cash provided by operating activities 8,084 24,679
Cash flows from investing activities:    
Acquisitions of businesses, net of cash acquired (53,224) (62,347)
Purchases of property and equipment (3,077) (3,384)
Net cash used in investing activities (56,301) (65,731)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs 172,945 76,618
Borrowings on revolver — credit facility 23,458  
Borrowings on term loan — credit facility 19,600 60,420
Payments on term loan — credit facility (245) (1,688)
Payments for debt issuance costs under the credit facility (361) (73)
Payments on financing lease obligations (54) (952)
Cash received from exercise of stock options 2,077 450
Net cash provided by financing activities 217,420 134,775
Net change in cash 169,203 93,723
Cash, at beginning of period 70,406 53,754
Cash, at end of period 239,609 147,477
Supplemental disclosures of cash flow information:    
Cash paid for interest 1,594 3,202
Cash paid for income taxes 5,808 4,234
Supplemental disclosures of non-cash investing and financing activities:    
Contingent and deferred consideration accrued for acquisition   $ 847
Leasehold improvements acquired through tenant allowances $ 682