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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash provided by (used in) Operating activities    
Net earnings $ 90,280 $ 75,047
Items not affecting cash:    
Depreciation and amortization 52,772 42,049
Goodwill, Impairment Loss 0 6,150
Deferred income tax 1,989 (7,110)
Other 5,837 5,664
Changes in non-cash working capital:    
Accounts receivable (37,100) (38,604)
Inventories (5,780) (821)
Prepaid expenses and other current assets (6,152) (3,656)
Accounts payable (3,249) 5,013
Accrued liabilities 12,462 21,308
Income tax payable (5,142) (12,421)
Unearned revenues (6,330) 4,611
Other liabilities 1,257 18,598
Contingent acquisition consideration paid (1,383) (193)
Net cash provided by operating activities 99,461 115,635
Investing activities    
Acquisitions of businesses, net of cash acquired (note 4) (59,444) (39,573)
Purchases of fixed assets (40,597) (36,257)
Other investing activities (6,158) (3,831)
Net cash used in investing activities (106,199) (79,661)
Financing activities    
Increase in long-term debt 103,914 61,063
Repayment of long-term debt (41,626) (43,641)
Financing fees paid (575)
Purchases of non-controlling interests (3,600) (7,782)
Sale of interests in subsidiaries to non-controlling interests 1,200 843
Contingent acquisition consideration paid (7,862) (2,599)
Proceeds received on exercise of stock options 3,682 4,518
Dividends paid to common shareholders (18,780) (17,141)
Distributions paid to non-controlling interests (6,913) (4,504)
Repurchases of Subordinate Voting Shares (8,998) (17,085)
Net cash provided by (used) in financing activities 20,442 (26,328)
Effect of exchange rate changes on cash (754) 414
Increase in cash, cash equivalents and restricted cash 12,950 10,060
Cash, cash equivalents and restricted cash, beginning of year 66,894 56,834
Cash, cash equivalents and restricted cash, end of year $ 79,844 $ 66,894