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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income $ 104,921 $ 127,243
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 15,707 14,304
Amortization and impairment of other intangible assets 4,645 3,713
Acquisition-related contingent consideration 1,120 186
Provision for doubtful accounts 11,624 6,260
Share-based compensation 12,147 10,207
Amortization of debt discount and issuance costs 5,987 5,748
Deferred income taxes 4,128 966
Other 13 225
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable, billed and unbilled (42,804) (186,854)
Notes receivable 5,993 8,343
Prepaid expenses and other assets 8,979 (1,953)
Accounts payable, accrued expenses and other 2,230 (11,606)
Income taxes (2,344) 23,458
Accrued compensation (107,217) (55,183)
Billings in excess of services provided 4,285 505
Net cash provided by (used in) operating activities 29,414 (54,438)
Investing activities    
Purchases of property and equipment (13,899) (20,661)
Other 14 69
Net cash used in investing activities (13,885) (20,592)
Financing activities    
Borrowings under revolving line of credit 90,000 25,000
Repayments under revolving line of credit (55,000) (5,000)
Purchase and retirement of common stock (99,678) (66,893)
Net issuance of common stock under equity compensation plans (6,523) 1,009
Payments for business acquisition liabilities (3,948) (2,282)
Deposits and other 5,098 1,014
Net cash used in financing activities (70,051) (47,152)
Effect of exchange rate changes on cash and cash equivalents (10,645) (781)
Net decrease in cash and cash equivalents (65,167) (122,963)
Cash and cash equivalents, beginning of period 369,373 312,069
Cash and cash equivalents, end of period 304,206 189,106
Supplemental cash flow disclosures    
Cash paid for interest 3,668 3,467
Cash paid for income taxes, net of refunds 29,150 16,820
Non-cash investing and financing activities:    
Issuance of stock units under incentive compensation plans 2,314 1,346
Purchase and retirement of common stock not yet paid $ 1,829 $ 3,322