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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES    
Net income $ 18,223 $ 41,889
Reconciliation of net income to net cash provided by operating activities:    
Depreciation expense 3,570 2,196
Amortization expense - intangible assets 817 621
Loss on dissolution of consolidated affiliates 361  
Allowance for credit losses on receivables/bad debt on receivables 608 (208)
Equity in losses of unconsolidated affiliates 884 7
Agent growth incentive stock compensation expense 17,028 11,312
Stock option compensation 7,121 6,239
Agent equity stock compensation expense 86,835 59,853
Deferred income taxes, net (6,892) (15,329)
Changes in operating assets and liabilities:    
Accounts receivable (22,269) (57,095)
Prepaids and other assets 2,236 (4,466)
Customer deposits 25,893 65,981
Accounts payable (1,152) 2,354
Accrued expenses 31,961 54,231
Long-term payable   (160)
Other operating activities 74  
NET CASH PROVIDED BY OPERATING ACTIVITIES 165,298 167,425
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (8,077) (5,609)
Acquisition of businesses   (1,500)
NET CASH USED IN INVESTING ACTIVITIES (8,077) (7,109)
FINANCING ACTIVITIES    
Repurchase of common stock (79,820) (88,912)
Proceeds from exercise of options 780 1,757
Transactions with noncontrolling interests (425) 19
Dividends declared and paid (11,744)  
NET CASH USED IN FINANCING ACTIVITIES (91,209) (87,136)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash (1,141) 71
Net change in cash, cash equivalents and restricted cash 64,871 73,251
Cash, cash equivalents and restricted cash, beginning balance 175,910 127,924
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 240,781 201,175
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid for income taxes 2,444 702
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Termination of lease liabilities   120
Property, plant and equipment purchases in accounts payable $ 246 $ 7