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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 $ 61,075 $ 75,431 $ 75,177
Adjustments to reconcile net income to cash provided by operating activities:      
Reserve related to note receivable 0 1,925 0
Impairment of equity method investment 0 13,684 0
Deferred income tax provision, net 1,647 3,081 2,425
Provision for credit losses 768 (126) 11
Depreciation and amortization 5,012 4,427 4,500
Stock-based compensation expense 17,747 17,655 13,999
Noncash lease expense 4,065 5,683 5,509
Loss on equity method investment 750 3,824 2,480
Defined benefit pension plans expense 0 0 2,157
Other 724 141 (893)
(Increase) decrease in operating assets      
Trade receivables, net 35,301 (4,049) (36,960)
Increase (Decrease) in Other Operating Assets (1,304) (9,199) (9,779)
Increase (decrease) in operating liabilities      
Accrued payroll costs (13,358) (22,003) 6,337
Payment of benefit under terminated pension plan 0 (19,965) 0
Other liabilities (20,962) 20,296 7,935
Cash provided by operating activities 91,465 90,805 72,898
Cash flows from investing activities:      
Capital expenditures (7,763) (8,109) (6,441)
Proceeds from Divestiture of Interest in Joint Venture 5,059 0 0
Payments for (Proceeds from) Life Insurance Policies (1,408) 1,077 0
Equity method investment 0 (500) (9,000)
Note receivable issued to our joint venture (750) (6,750) 0
Net proceeds from the sale of assets held for sale 0 0 23,742
Cash (used in) provided by investing activities (4,862) (14,282) 8,301
Cash flows from financing activities:      
Proceeds from credit facility 594,400 38,200 0
Payments on credit facility (578,400) (112,600) 0
Repurchases of common stock (75,024) (74,913) (66,210)
Cash dividends (27,562) (24,027) (20,120)
Other (19) (51) (1,366)
Cash used in financing activities (86,605) (173,391) (87,696)
Change in cash and cash equivalents (2) (96,868) (6,497)
Cash and cash equivalents at beginning of year 121 96,989 103,486
Cash and cash equivalents at end of year 119 121 96,989
Cash paid during the year for:      
Income taxes 28,616 16,579 24,277
Operating lease liabilities 5,232 6,992 7,468
Interest, net 897 885 2,453
Non-Cash Financing and Investing Transactions:      
ROU assets obtained from operating leases 4,378 9,997 5,098
Unsettled repurchases of common stock 920 974 181
Employee stock purchase plan $ 1,042 $ 1,054 $ 762