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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Cash flows from operating activities:    
Net (loss) income $ (30,855) $ 43,650
Adjustments to reconcile net (loss) income to net cash used by operating activities:    
Depreciation and amortization 15,035 12,777
Stock-based compensation expense 5,965 5,462
Provision for doubtful accounts 4,626 3,549
Gain on cash surrender value of life insurance policies (2,105) (2,338)
Gain on marketable securities (11,550) (1,945)
Deferred income taxes 4,072 1,974
Change in other assets and liabilities:    
Deferred compensation 19,332 11,652
Receivables due from clients 17,382 (31,450)
Income taxes and other receivables (2,889) (3,176)
Prepaid expenses and other assets (8,134) (9,845)
Unearned compensation (24,317) (14,818)
Income taxes payable (11,409) (1,911)
Accounts payable and accrued liabilities (123,781) (175,709)
Other 4,366 209
Net cash used in operating activities (144,262) (161,919)
Cash flows from investing activities:    
Purchase of property and equipment (8,787) (10,706)
Purchase of marketable securities (19,216) (1,600)
Proceeds from sales/maturities of marketable securities 14,549 1,599
Premium on company-owned life insurance policies (347) (341)
Proceeds from life insurance policies 591 1,673
Dividends received from unconsolidated subsidiaries   166
Net cash used in investing activities (13,210) (9,209)
Cash flows from financing activities:    
Payments of tax withholdings on restricted stock (4,442) (8,591)
Proceeds from issuance of common stock upon exercise of employee stock options and in connection with an employee stock purchase plan 3,371 4,313
Payments on life insurance policy loans (596) (943)
Principal payments on finance leases (331) (432)
Dividends paid to shareholders (5,807) (6,081)
Repurchases of common stock   (12,738)
Payment of contingent consideration from acquisitions   (455)
Net cash used in financing activities (7,805) (24,927)
Effect of exchange rate changes on cash and cash equivalents 18,819 (5,668)
Net decrease in cash and cash equivalents (146,458) (201,723)
Cash and cash equivalents at beginning of period 689,244 626,360
Cash and cash equivalents at end of the period $ 542,786 $ 424,637