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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 98,682 $ 64,581 $ 83,524
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 14,268 13,940 9,272
Bad debt provision 9,636 25,480 51,387
Deferred income tax benefit (5,893) (684) (13,013)
Share-based compensation expense 7,872 6,865 5,900
Amortization of premium on marketable securities 1,822 1,434 1,373
Unrealized (gain) loss on deferred compensation fund investments (9,390) (7,257) 1,429
Loss on sale of assets 1,335 0 0
Changes in operating assets and liabilities:      
Accounts and notes receivable 46,158 (29,532) (44,363)
Inventories and supplies 4,931 4,765 950
Prepaid expenses and other assets (756) 3,480 1,054
Deferred compensation funding (52) (738) (1,536)
Accounts payable and other accrued expenses (7,250) (9,532) (9,144)
Accrued payroll, accrued and withheld payroll taxes 59,527 3,517 6,085
Income taxes payable (8,075) 7,845 (5,099)
Accrued insurance claims (5,194) 8,482 450
Deferred compensation liability 9,592 935 (8,238)
Net cash provided by operating activities 217,213 93,581 80,031
Cash flows from investing activities:      
Disposals of fixed assets 274 199 640
Additions to property and equipment (4,341) (4,368) (4,940)
Purchases of marketable securities (39,047) (33,544) (14,297)
Sales of marketable securities 6,269 21,256 9,011
Net cash used in investing activities (36,845) (16,457) (9,586)
Cash flows from financing activities:      
Dividends paid (60,705) (58,951) (57,201)
Reissuance of treasury stock pursuant to Dividend Reinvestment Plan 93 90 89
Proceeds from the exercise of stock options 2,920 3,628 8,801
Repayments of short-term borrowings, net (10,000) (20,000) (5,382)
Payments of statutory withholding on net issuance of restricted stock units (675) (587) (284)
Net cash used in financing activities (68,367) (75,820) (53,977)
Net change in cash and cash equivalents 112,001 1,304 16,468
Cash and cash equivalents at beginning of the period 27,329 26,025 9,557
Cash and cash equivalents at end of the period 139,330 27,329 26,025
Supplementary cash flow information:      
Cash paid for interest 1,374 3,459 3,094
Cash paid for income taxes, net of refunds 44,865 20,026 37,680
Contingent shares settled pursuant to acquisition $ 0 $ 1,012 $ 2,291