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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income $ 49,551 $ 40,417
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,378 20,706
Amortization of right-of-use asset 2,329 2,221
Stock-based compensation expense 17,353 15,856
Multiemployer pension plan liability adjustment 4,453 0
Change in long-term retirement benefit obligations (2,472) (5,758)
Other – net 2,629 (1,026)
Changes in operating assets and liabilities:    
Accounts receivable – net 57,016 64,832
Other assets 32,079 2,360
Accounts payable, accrued payroll and other liabilities (92,257) (93,067)
Unexpired subscriptions 6,623 5,438
Other noncurrent assets and liabilities 406 1,100
Net cash provided by operating activities 99,088 53,079
Cash flows from investing activities    
Purchases of marketable securities (168,265) (112,892)
Maturities of marketable securities 161,931 52,374
Capital expenditures (9,237) (6,424)
Other – net 7,231 551
Net cash used in investing activities (8,340) (66,391)
Cash flows from financing activities    
Dividends paid (22,069) (18,621)
Capital shares:    
Repurchases (58,957) (32,458)
Share-based compensation tax withholding (26,243) (17,605)
Net cash used in financing activities (107,269) (68,684)
Net decrease in cash, cash equivalents and restricted cash (16,521) (81,996)
Effect of exchange rate changes on cash (178) (480)
Cash, cash equivalents and restricted cash at the beginning of the period 213,857 303,172
Cash, cash equivalents and restricted cash at the end of the period $ 197,158 $ 220,696