XML 17 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 39,299 $ 32,217
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,252 15,678
Bad debt expense 1,257 836
(Gain) loss on sale or disposition of assets and sublease, net (146) 3,859
Equity-based compensation expense 6,141 2,161
Deferred income tax expense 3,503 3,822
Fair value adjustments to contingent consideration (860) 250
Payments pursuant to tax receivable agreements (5,047) (7,296)
Other, net 902 888
Changes in operating assets and liabilities (3,279) 1,025
Net cash provided by operating activities 57,022 53,440
Cash flows from investing activities:    
Purchases of property and equipment and capitalization of developed software and trademark costs (5,316) (1,781)
Acquisitions, net of cash acquired of $362 and $0, respectively (25,888)  
Net cash used in investing activities (31,204) (1,781)
Cash flows from financing activities:    
Payments on debt (2,382) (1,772)
Distributions paid to non-controlling unitholders (11,259) (14,213)
Dividends and dividend equivalents paid to Class A common stockholders (10,758) (9,607)
Payment of payroll taxes related to net settled restricted stock units (895) (816)
Payment of contingent consideration (50)  
Net cash used in financing activities (25,344) (26,408)
Effect of exchange rate changes on cash (18) 1,076
Net increase in cash and cash equivalents 456 26,327
Cash and cash equivalents, beginning of year 50,807 57,609
Cash and cash equivalents, end of period 51,263 83,936
Supplemental disclosures of cash flow information:    
Cash paid for interest 8,487 7,477
Net cash paid for income taxes 4,802 8,619
Schedule of non-cash investing and financing activities:    
Increase in accounts payable for capitalization of trademark costs and purchases of property, equipment and software $ 522 $ 310