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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net income $ 22,275 $ 26,734
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 17,795 16,273
Amortization of debt issue costs and accretion of discount 621 415
Operating lease amortization 1,173 1,472
Provision for doubtful accounts and sundry losses 104 815
Deferred tax benefit (1,080) (882)
Share-based compensation 3,483 3,279
Loss on disposition of property and equipment and other intangibles 81 22
Earnings of equity method investment (338) (222)
(Increase) decrease in assets:    
Accounts receivable, net 11,729 3,961
Prepaid expenses and other assets (1,836) (5,326)
Other long-term assets (2,477) (2,558)
Increase (decrease) in liabilities:    
Accrued liabilities and accounts payable (20,662) (18,339)
Income tax payable 3,307 191
Unearned income 1,075 4,754
Operating lease liabilities (1,409) (1,281)
Other long-term liabilities 84 31
Total adjustments 11,650 2,605
Net cash provided by operating activities 33,925 29,339
Cash flows from investing activities    
Additions to software (6,055) (8,917)
Property and equipment acquired (3,357) (5,071)
Proceeds from sales of property and equipment 0 32
Net cash used in investing activities (9,412) (13,956)
Cash flows from financing activities    
Statutory withholding taxes paid on share-based compensation (2,706) (5,928)
Net proceeds under short-term borrowings 0 15,000
Repayment of short-term borrowings for purchase of equipment and software (792) (34)
Dividends paid 0 (3,617)
Repurchase of common stock (7,300) (17,486)
Repayment of long-term debt (20,560) (3,563)
Net cash used in financing activities (31,358) (15,628)
Effect of foreign exchange rate on cash, cash equivalents and restricted cash 828 0
Net decrease in cash, cash equivalents and restricted cash (6,017) (245)
Cash, cash equivalents and restricted cash at beginning of the period 131,121 86,746
Cash, cash equivalents and restricted cash at end of the period 125,104 86,501
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 103,521 73,183
Restricted cash 21,583 13,318
Cash, cash equivalents and restricted cash 125,104 86,501
Supplemental disclosure of cash flow information:    
Cash paid for interest 6,372 7,390
Cash paid for income taxes 2,083 3,496
Supplemental disclosure of non-cash activities:    
Payable due to vendor related to equipment and software acquired $ 1,482 $ 893