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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 64,581 $ 83,524 $ 88,226
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 13,940 9,272 8,886
Bad debt provision 25,480 51,387 6,250
Deferred income tax (benefit) expense (684) (13,013) 1,887
Stock-based compensation expense 6,865 5,900 5,985
Amortization of premium on marketable securities 1,434 1,373 1,296
Unrealized (gain) loss on deferred compensation fund investments (7,257) 1,429 (4,509)
Changes in operating assets and liabilities:      
Accounts and notes receivable (29,532) (44,363) (121,639)
Inventories and supplies 4,765 950 (1,873)
Prepaid expenses and other assets 3,480 1,054 (9,545)
Deferred compensation funding (738) (1,536) (257)
Accounts payable and other accrued expenses (9,532) (9,144) 11,197
Accrued payroll, accrued and withheld payroll taxes 3,517 6,085 11,927
Accrued insurance claims 7,845 (5,099) (2,954)
Deferred compensation liability 8,482 450 5,061
Income taxes payable 935 (8,238) 7,692
Net cash provided by operating activities 93,581 80,031 7,630
Cash flows from investing activities:      
Disposals of fixed assets 199 640 338
Additions to property and equipment (4,368) (4,940) (5,397)
Purchases of marketable securities (33,544) (14,297) (33,861)
Sales of marketable securities 21,256 9,011 28,537
Cash paid for acquisitions 0 0 (4,584)
Net cash used in investing activities (16,457) (9,586) (14,967)
Cash flows from financing activities:      
Dividends paid (58,951) (57,201) (55,244)
Reissuance of treasury stock pursuant to Dividend Reinvestment Plan 90 89 95
Proceeds from the exercise of stock options 3,628 8,801 12,808
Net (repayments) proceeds from short-term borrowings (20,000) (5,382) 35,382
Payments of statutory withholding on net issuance of restricted stock units (587) (284) 0
Net cash used in financing activities (75,820) (53,977) (6,959)
Net change in cash and cash equivalents 1,304 16,468 (14,296)
Cash and cash equivalents at beginning of the period 26,025 9,557 23,853
Cash and cash equivalents at end of the period 27,329 26,025 9,557
Supplementary cash flow information:      
Cash paid for interest 3,459 3,094 1,363
Cash paid for income taxes, net of refunds 20,026 37,680 35,367
Contingent shares settled pursuant to acquisition $ 1,012 $ 2,291 $ 0