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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 73,185 $ 39,122 $ 13,425
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 9,240 8,574 7,442
Amortization 29,561 37,900 50,672
Stock-based compensation expense 6,499 4,463 9,815
Amortization of debt issuance costs and discount 615 662 2,576
Loss on extinguishment of debt 0 0 10,726
Deferred income tax provision (benefit) 3,942 3,237 (9,006)
Amortization and adjustment of deferred credit (7,712) (8,781) 0
Other 1,653 (673) (1,019)
Changes in assets and liabilities:      
Accounts receivable and unbilled, net (27,047) (2,898) (13,727)
Prepaid expenses and other current assets (1,241) (3,533) (3,661)
Accounts payable 1,342 4,816 691
Accrued expenses 29,029 (1,313) 4,516
Pre-funded study costs 0 5,292 5,400
Advanced billings 35,593 7,735 14,723
Other assets and liabilities, net 1,925 2,782 (841)
Net cash provided by operating activities 156,584 97,385 91,732
CASH FLOWS FROM INVESTING ACTIVITIES:      
Property and equipment expenditures (16,024) (11,724) (13,537)
Acquisition of intangibles 0 (569) 0
Other (949) 56 115
Net cash used in investing activities (16,973) (12,237) (13,422)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment for common stock issuance costs 0 0 (2,719)
Proceeds from stock option exercises 2,489 1,812 537
Repurchases of common stock 0 (155,583) 0
Excess tax benefit from stock-based compensation 0 0 25
Proceeds from issuance of debt, net of original issue discount 0 0 164,506
Payment of debt (72,188) (12,375) (390,060)
Proceeds from revolving loan 0 100,000 0
Payments on revolving loan (70,000) (30,000) 0
Debt issuance costs 0 0 (1,802)
Payment of deemed landlord liability (1,881) (1,682) (1,525)
Payment on debt extinguishment 0 0 (548)
Proceeds from common stock issued, net 0 0 173,578
Net cash used in financing activities (141,580) (97,828) (58,008)
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (1,241) 1,765 (632)
(DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (3,210) (10,915) 19,670
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — Beginning of period 26,492 37,407 17,737
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — End of period 23,282 26,492 37,407
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION—      
Cash paid during the period for income taxes 23,311 17,180 17,654
Cash paid during the period for interest 7,589 6,888 16,895
Acquisition of property and equipment—non-cash $ 1,551 $ 678 $ 1,687