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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 9,156 $ 72
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,489 2,410
Bad debt provision 18,470 37,137
Stock-based compensation expense 1,838 1,569
Amortization of premium on marketable securities 382 339
Unrealized gain on deferred compensation fund investments (3,445) (300)
Changes in operating assets and liabilities:    
Accounts and notes receivable (25,986) (16,769)
Inventories and supplies 300 119
Prepaid expenses and other assets (323) (3,483)
Deferred compensation funding 744 (259)
Accounts payable and other accrued expenses (5,322) (5,478)
Accrued payroll, accrued and withheld payroll taxes 18,465 18,546
Income taxes payable (5,730) (14,439)
Accrued insurance claims 2,622 3,443
Deferred compensation liability 2,917 1,024
Net cash provided by operating activities 17,577 23,931
Cash flows from investing activities:    
Disposals of fixed assets 64 63
Additions to property and equipment (1,336) (1,335)
Purchases of marketable securities (4,277) (5,397)
Sales of marketable securities 3,539 2,467
Net cash used in investing activities (2,010) (4,202)
Cash flows from financing activities:    
Dividends paid (14,588) (14,149)
Reissuance of treasury stock pursuant to Dividend Reinvestment Plan 24 24
Proceeds from the exercise of stock options 1,913 5,005
Net repayments from short-term borrowings 0 (9,382)
Payments of statutory withholding on net issuance of restricted stock units (579) (295)
Net cash used in financing activities (13,230) (18,797)
Net change in cash and cash equivalents 2,337 932
Cash and cash equivalents at beginning of the period 26,025 9,557
Cash and cash equivalents at end of the period $ 28,362 $ 10,489