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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 101,886 $ 28,910
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for deferred income taxes 11,907 3,075
Depreciation and amortization 8,216 10,485
Deferred financing costs and derivative and accretion expense 2,306 1,216
Stock-based and deferred compensation 9,446 8,743
Change in fair value of contingent consideration obligations (200) (14)
Unrealized depreciation (appreciation) on investments 2,269 (1,886)
Loss on equity method investment   154
Loss on debt extinguishment 917  
Changes in operating assets and liabilities:    
Receivables 19,244 (66)
Prepaid expenses (1,400) (1,087)
Other assets 14 4
Accounts payable and accrued expenses (12,615) 8,534
Accrued compensation and benefits (20,881) (8,671)
Other liabilities (198) (119)
Net cash provided by operating activities 120,911 49,278
Cash flows from investing activities    
Purchases of property and equipment (5,280) (892)
Purchases of trading securities (3,641) (3,054)
Sales of trading securities 1,990 1,435
Purchases of available-for-sale securities (274) (104)
Sales of available-for-sale securities 274 104
Net cash used in investing activities (6,931) (2,511)
Cash flows from financing activities    
Repurchase of common stock (13,057) (3,526)
Payments of taxes related to net share settlement of equity awards (7,880) (236)
Repayment of long-term senior debt (70,287)  
Repayment of promissory note   (96)
Payment of dividends (7,008) (65)
Receipt of consideration for acquisition 649  
Net cash used in financing activities (95,831) (2,938)
Effect of changes of foreign exchange rate on cash and cash equivalents (86) 7
Net increase in cash and cash equivalents 18,063 43,836
Cash and cash equivalents, beginning of period 37,121 51,491
Cash and cash equivalents, end of period 55,184 95,327
Supplemental cash flow information    
Cash paid for interest 23,296 7,499
Cash paid for income taxes 3,269 6,876
Class A    
Cash flows from financing activities    
Issuance of common stock, net of costs 58 29
Class B    
Cash flows from financing activities    
Issuance of common stock, net of costs $ 1,694 $ 956