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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
shares in Thousands, $ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Net income $ 22,625 $ 65,703
Reconciliation of net income to net cash provided by operating activities:    
Depreciation expense 5,699 3,572
Amortization expense - intangible assets 1,455 939
Loss on dissolution of consolidated affiliates 361  
Allowance for credit losses on receivables/bad debt on receivables 588 22
Equity in (income) losses of unconsolidated affiliates 1,213 5
Agent growth incentive stock compensation expense 22,828 18,129
Stock option compensation 10,872 9,608
Agent equity stock compensation expense 131,230 101,691
Deferred income taxes, net (10,845) (36,020)
Changes in operating assets and liabilities:    
Accounts receivable 13,603 (52,913)
Prepaids and other assets (3,003) (1,510)
Customer deposits (16,135) 41,625
Accounts payable 1,952 4,597
Accrued expenses 4,770 44,561
Long-term payable   (150)
Other operating activities 111 (1,446)
NET CASH PROVIDED BY OPERATING ACTIVITIES 187,324 198,413
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (9,222) (9,159)
Acquisition of businesses, net of cash acquired (9,668) (1,500)
Investments in unconsolidated affiliates   (3,004)
NET CASH USED IN INVESTING ACTIVITIES (18,890) (13,663)
FINANCING ACTIVITIES    
Repurchase of common stock (139,635) (142,103)
Proceeds from exercise of options 2,221 2,695
Transactions with noncontrolling interests (425) 19
Dividends declared and paid (18,537) (5,755)
NET CASH USED IN FINANCING ACTIVITIES (156,376) (145,144)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash (771) (60)
Net change in cash, cash equivalents and restricted cash 11,287 39,546
Cash, cash equivalents and restricted cash, beginning balance 175,910 127,924
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 187,197 167,470
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid for income taxes $ 2,933 1,060
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Termination of lease liabilities   346
Issuance of treasury stock, for acquisition 4,800  
Lease liabilities arising from obtaining right-of-use assets   2,381
Property, plant and equipment purchases in accounts payable $ 20 $ 150