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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 83,524 $ 88,226 $ 77,396
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 9,272 8,886 7,496
Bad debt provision 51,387 6,250 4,629
Deferred income tax (benefit) expense (13,013) 1,887 3,001
Stock-based compensation expense [1] 5,900 5,985 4,252
Tax benefit from equity compensation plans [1] 0 0 (2,981)
Amortization of premium on marketable securities 1,373 1,296 1,723
Unrealized loss (gain) on deferred compensation fund investments 1,429 (4,509) (1,460)
Changes in operating assets and liabilities:      
Accounts and notes receivable (44,363) (121,639) (65,610)
Inventories and supplies 950 (1,873) (1,492)
Prepaid expenses and other assets 1,054 (9,545) (2,470)
Deferred compensation funding (1,536) (257) 2,732
Accounts payable and other accrued expenses (9,144) 11,197 (4,251)
Accrued payroll, accrued and withheld payroll taxes 6,085 11,927 6,307
Accrued insurance claims (5,099) (2,954) 5,404
Deferred compensation liability 450 5,061 (731)
Income taxes payable [1] (8,238) 7,692 7,455
Net cash provided by operating activities 80,031 7,630 41,400
Cash flows from investing activities:      
Disposals of fixed assets 640 338 275
Additions to property and equipment (4,940) (5,397) (5,442)
Purchases of marketable securities (14,297) (33,861) (29,449)
Sales of marketable securities 9,011 28,537 28,164
Cash paid for acquisitions 0 (4,584) 0
Net cash used in investing activities (9,586) (14,967) (6,452)
Cash flows from financing activities:      
Dividends paid (57,201) (55,244) (53,342)
Reissuance of treasury stock pursuant to Dividend Reinvestment Plan 89 95 109
Tax benefit from equity compensation plans 0 0 2,981
Proceeds from the exercise of stock options 8,517 12,808 5,968
Net (repayments) proceeds from short-term borrowings (5,382) 35,382 0
Net cash used in financing activities (53,977) (6,959) (44,284)
Net change in cash and cash equivalents 16,468 (14,296) (9,336)
Cash and cash equivalents at beginning of the period 9,557 23,853 33,189
Cash and cash equivalents at end of the period 26,025 9,557 23,853
Supplementary cash flow information:      
Cash paid for interest 3,094 1,363 574
Cash paid for income taxes, net of refunds 37,680 35,367 32,532
Contingent shares settled pursuant to acquisition $ 2,291 $ 0 $ 0
[1] The Company adopted the provisions of ASU 2016-09 prospectively, and as such the amounts reflected for the year ended December 31, 2016 have not been adjusted.