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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 29,048 $ 23,708
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,623 4,285
Deferred income taxes (134) 919
Reserve for uncertain tax positions 150 (262)
Non-cash share-based compensation expense 747 917
Gain on insurance recoveries for damaged property (260) 0
Loss on disposal of property and equipment   40
Net changes in assets and liabilities:    
Trade accounts receivable (5,830) (3,343)
Prepaid expenses and other current assets (478) 978
Insurance recoverable (913) 0
Deferred contract costs, net (339) (508)
Operating lease assets and liabilities, net (5) (10)
Accounts payable (681) 69
Accrued expenses, wages, bonuses and profit sharing 473 138
Income taxes receivable and payable (2,974) (829)
Deferred revenue 992 2,872
Net cash provided by operating activities 24,419 28,974
Cash flows from investing activities:    
Purchases of property and equipment (2,435) (3,429)
Insurance proceeds for damaged property 260 0
Net cash used in investing activities (2,175) (3,429)
Cash flows from financing activities:    
Borrowings on line of credit   21,000
Payments on line of credit   (21,000)
Payments on notes payable (2,575) (2,767)
Payment of debt issuance costs (36) 0
Payments on finance lease obligations (187) (223)
Proceeds from the exercise of stock options 1,592 0
Payment of employee payroll tax withholdings on share-based awards exercised (1,859) (1,021)
Payment of dividends on common stock (10,517) (26,564)
Net cash used in financing activities (13,582) (30,575)
Effect of exchange rate changes on cash (324) 397
Change in cash and cash equivalents 8,338 (4,633)
Cash and cash equivalents at beginning of period 13,517 12,991
Cash and cash equivalents at end of period 21,855 8,358
Supplemental disclosure of cash paid for:    
Interest, net of capitalized amounts 1,315 1,558
Income taxes 5,034 5,607
Supplemental disclosure of non-cash investing and financing activities:    
Finance lease obligations originated for property and equipment 771 206
Stock tendered to the Company for cashless exercise of stock options in connection with equity incentive plans $ 5,560 $ 2,295