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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Cash flows from operating activities:    
Net income $ 47,229 $ 153,151
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 38,566 33,322
Stock-based compensation expense 19,953 17,426
Provision for doubtful accounts 11,787 11,018
Gain on cash surrender value of life insurance policies (3,947) (4,890)
Impairment of right-of-use assets 1,629 0
Impairment of fixed assets 1,575 0
Loss on marketable securities 1,024 9,691
Deferred income taxes 1,225 (817)
Change in other assets and liabilities:    
Accounts payable and accrued liabilities (216,582) (235,729)
Receivables due from clients (34,394) (71,747)
Deferred compensation 15,866 18,871
Unearned compensation (14,807) (5,785)
Income taxes and other receivables (7,791) (12,220)
Prepaid expenses and other assets (4,522) (4,209)
Income taxes payable 384 (6,582)
Other 909 (218)
Net cash used in operating activities (141,896) (98,718)
Cash flows from investing activities:    
Proceeds from sales/maturities of marketable securities 29,731 37,186
Purchase of property and equipment (31,538) (36,867)
Purchase of marketable securities (29,580) (52,085)
Proceeds from life insurance policies 9,332 1,050
Premium on company-owned life insurance policies (251) (289)
Dividends received from unconsolidated subsidiaries 0 150
Cash paid for acquisitions, net of cash acquired 0 (99,322)
Net cash used in investing activities (22,306) (150,177)
Cash flows from financing activities:    
Dividends paid to shareholders (19,289) (16,874)
Payments of tax withholdings on restricted stock (10,551) (22,060)
Proceeds from issuance of common stock upon exercise of employee stock options and in connection with an employee stock purchase plan 4,696 4,371
Repurchases of common stock (9,527) (56,891)
Dividends - noncontrolling interest (3,040) (3,133)
Principal payments on finance leases (938) (814)
Payments on life insurance policy loans 0 (662)
Net cash used in financing activities (38,649) (96,063)
Effect of exchange rate changes on cash and cash equivalents (20,337) (39,212)
Net decrease in cash and cash equivalents (223,188) (384,170)
Cash and cash equivalents at beginning of period 844,024 978,070
Cash and cash equivalents at end of the period $ 620,836 $ 593,900