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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Oct. 31, 2018
Oct. 31, 2017
Cash flows from operating activities:    
Net income $ 8,725 $ 66,161
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 22,749 24,656
Stock-based compensation expense 12,369 10,283
Tradename write-offs 106,555  
Provision for doubtful accounts 7,471 6,960
Gain on cash surrender value of life insurance policies (3,003) (4,227)
Loss (gain) on marketable securities 836 (6,797)
Deferred income taxes (19,838) 7,802
Change in other assets and liabilities:    
Deferred compensation (1,646) 12,560
Receivables due from clients (52,536) (59,020)
Income taxes and other receivables 345 (7,207)
Prepaid expenses and other assets (5,326) (2,129)
Unearned compensation (21,103) (45,589)
Investment in unconsolidated subsidiaries (129) (90)
Income taxes payable (5,898) 9,459
Accounts payable and accrued liabilities (76,544) (66,089)
Other (5,216) (2,893)
Net cash used in operating activities (32,189) (56,160)
Cash flows from investing activities:    
Purchase of property and equipment (24,565) (20,813)
Purchase of marketable securities (8,539) (6,738)
Proceeds from sales/maturities of marketable securities 8,923 2,273
Premium on company-owned life insurance policies (33,752) (422)
Proceeds from life insurance policies 4,517 971
Dividends received from unconsolidated subsidiaries   60
Net cash used in investing activities (53,416) (24,669)
Cash flows from financing activities:    
Principal payments on term loan facility (12,031) (10,313)
Payment of contingent consideration from acquisitions (455) (485)
Repurchases of common stock (22,745) (29,261)
Payments of tax withholdings on restricted stock (13,184) (3,461)
Proceeds from issuance of common stock upon exercise of employee stock options and in connection with an employee stock purchase plan 4,105 3,984
Dividends paid to shareholders (11,743) (11,537)
Dividends - noncontrolling interest (690) (1,558)
Borrowings under life insurance policies 31,870  
Payments on life insurance policy loans (2,567) (414)
Net cash used in financing activities (27,440) (53,045)
Effect of exchange rate changes on cash and cash equivalents (20,124) 5,617
Net decrease in cash and cash equivalents (133,169) (128,257)
Cash and cash equivalents at beginning of period 520,848 410,882
Cash and cash equivalents at end of the period $ 387,679 $ 282,625