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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 38,386 $ 34,243 $ 48,543
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 14,344 15,316 14,667
Bad debt provision 35,604 31,969 10,483
Deferred income tax (benefit) expense (4,820) 4,907 4,083
Share-based compensation expense 8,985 9,214 8,827
Amortization of premium on marketable securities 2,144 2,219 2,275
Unrealized (gain) loss on deferred compensation fund investments (6,645) 9,422 (6,397)
Changes in fair value of other long-term liabilities (1,154) (2,353) 0
Net loss on disposals of property and equipment 818 1,138 1,469
Changes in operating assets and liabilities:      
Accounts and notes receivable (74,559) (78,707) (37,185)
Inventories and supplies 2,685 4,851 5,599
Prepaid expenses and other assets 12,750 9,935 (12,250)
Deferred compensation funding, net (674) 3,913 6,661
Accounts payable and other accrued expenses 7,430 (13,748) 10,244
Accrued payroll, accrued and withheld payroll taxes 4,186 (23,859) (25,878)
Income taxes receivable and payable 572 2,184 (8,420)
Accrued insurance claims (4,329) (687) 6,966
Deferred compensation liability 7,775 (18,124) 7,421
Net cash provided by (used in) operating activities 43,498 (8,167) 37,108
Cash flows (used in) from investing activities:      
Disposals of property and equipment 121 393 211
Additions to property and equipment (5,406) (5,210) (5,687)
Purchases of marketable securities 0 (2,875) (20,335)
Sales of marketable securities 1,992 10,386 26,697
Cash paid for acquisitions 0 (114) (23,876)
Net cash (used in) provided by investing activities (3,293) 2,580 (22,990)
Cash flows used in financing activities:      
Dividends paid 0 (63,373) (62,226)
Reissuance of treasury stock pursuant to Dividend Reinvestment Plan 0 106 92
Proceeds from the exercise of stock options 0 410 2,425
Purchases of treasury stock (11,283) 0 (21,535)
Short-term borrowings, net of repayments 0 25,000 0
Payments of statutory withholding on net issuance of restricted stock units (871) (1,071) (1,410)
Net cash used in financing activities (12,154) (38,928) (82,654)
Net change in cash and cash equivalents 28,051 (44,515) (68,536)
Cash and cash equivalents at beginning of the period 26,279 70,794 139,330
Cash and cash equivalents at end of the period 54,330 26,279 70,794
Supplementary cash flow information:      
Cash paid for interest 7,809 2,822 1,385
Cash paid for income taxes 5,585 3,309 21,233
Accrued variable consideration for acquisition of businesses $ 0 $ 0 $ 10,456