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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net income $ 155,093 $ 187,665
Adjustments to reconcile net income to net cash provided by operating    activities:    
Depreciation and amortization 23,655 22,384
Amortization and impairment of other intangible assets 7,440 5,838
Acquisition-related contingent consideration 4,652 717
Provision for doubtful accounts 15,608 13,552
Share-based compensation 17,576 14,060
Amortization of debt discount and issuance costs 9,028 8,666
Deferred income taxes (1,658) 4,084
Other 45 248
Changes in operating assets and liabilities, net of effects from    acquisitions:    
Accounts receivable, billed and unbilled (86,491) (191,644)
Notes receivable 3,346 2,521
Prepaid expenses and other assets 8,294 (5,817)
Accounts payable, accrued expenses and other 7,713 (7,332)
Income taxes (14,635) 26,693
Accrued compensation (18,985) 5,156
Billings in excess of services provided 10,296 (9,925)
Net cash provided by operating activities 140,977 76,866
Investing activities    
Payments for acquisition of businesses, net of cash received (25,271) (18,791)
Purchases of property and equipment (25,663) (27,026)
Other 558 55
Net cash used in investing activities (50,376) (45,762)
Financing activities    
Borrowings under revolving line of credit 149,500 45,000
Repayments under revolving line of credit (124,500) (45,000)
Purchase and retirement of common stock (175,832) (77,949)
Net issuance of common stock under equity compensation plans (5,195) 3,176
Payments for business acquisition liabilities (3,948) (2,282)
Deposits and other 4,561 535
Net cash used in financing activities (155,414) (76,520)
Effect of exchange rate changes on cash and cash equivalents 98 (8,183)
Net decrease in cash and cash equivalents (64,715) (53,599)
Cash and cash equivalents, beginning of period 369,373 312,069
Cash and cash equivalents, end of period 304,658 258,470
Supplemental cash flow disclosures    
Cash paid for interest 7,115 7,264
Cash paid for income taxes, net of refunds 61,636 29,885
Non-cash investing and financing activities:    
Issuance of stock units under incentive compensation plans 2,314 1,413
Purchase and retirement of common stock not yet paid 8,540 0
Business acquisition liabilities not yet paid $ 3,460 $ 14,004