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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 34,784 $ 46,097
Adjustments to reconcile net income to cash provided by operating activities:    
Deferred income tax provision, net 2,006 6,191
Provision for credit losses 454 (172)
Depreciation and amortization 2,574 2,169
Stock-based compensation expense 8,635 8,848
Noncash lease expense 1,803 2,950
Loss on equity method investment 750 1,840
Other 368 531
(Increase) decrease in operating assets    
Trade receivables, net 19,148 (19,862)
Other assets 2,461 (3,637)
Increase (decrease) in operating liabilities    
Accrued payroll costs (8,414) 17,566
Other liabilities (24,138) 8,239
Cash provided by operating activities 40,431 70,760
Cash flows from investing activities:    
Capital expenditures (4,950) (3,458)
Proceeds from the sale of our joint venture interest 5,059 0
Equity method investment 0 (500)
Note receivable issued to our joint venture (750) (2,000)
Other (193) 0
Cash used in investing activities (834) (5,958)
Cash flows from financing activities:    
Proceeds from credit facility 342,500 0
Payments on credit facility (343,500) (100,000)
Repurchases of common stock (24,614) (19,600)
Cash dividends (13,947) (12,187)
Other (10) (30)
Cash used in financing activities (39,571) (131,817)
Change in cash and cash equivalents 26 (67,015)
Cash and cash equivalents, beginning of period 121 96,989
Cash and cash equivalents, end of period 147 29,974
Supplemental Disclosure of Cash Flow Information    
Income taxes 16,547 7,437
Operating lease liabilities 2,541 3,622
Interest, net 233 892
Non-Cash Investing and Financing Transactions:    
ROU assets obtained from operating leases 773 406
Employee stock purchase plan 541 537
Unsettled repurchases of common stock $ 726 $ 952