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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 25,144 $ 34,784
Adjustments to reconcile net income to cash provided by operating activities:    
Deferred income tax provision, net (1,461) 2,006
Provision for credit losses (17) 454
Depreciation and amortization 2,888 2,574
Stock-based compensation expense 6,999 8,635
Noncash lease expense 1,848 1,803
Loss on equity method investment 0 750
Other (993) 368
(Increase) decrease in operating assets    
Trade receivables, net 2,730 19,148
Other assets (395) 2,461
Increase (decrease) in operating liabilities    
Accrued payroll costs 6,027 (8,414)
Other liabilities (8,665) (24,138)
Cash provided by operating activities 34,105 40,431
Cash flows from investing activities:    
Capital expenditures (4,979) (4,950)
Proceeds from Life Insurance Policy 2,377 0
Payment to Acquire Life Insurance Policy, Investing Activities 1,150 193
Proceeds from the sale of our joint venture interest 0 5,059
Note receivable issued to our joint venture 0 (750)
Cash used in investing activities (3,752) (834)
Cash flows from financing activities:    
Proceeds from credit facility 141,600 342,500
Payments on credit facility (146,500) (343,500)
Repurchases of common stock (11,229) (24,614)
Cash dividends (14,229) (13,947)
Other (4) (10)
Cash used in financing activities (30,362) (39,571)
Change in cash and cash equivalents (9) 26
Cash and cash equivalents, beginning of period 119 121
Cash and cash equivalents, end of period 110 147
Supplemental Disclosure of Cash Flow Information    
Income taxes 8,593 16,547
Operating lease liabilities 2,485 2,541
Interest, net 1,097 233
Non-Cash Investing and Financing Transactions:    
ROU assets obtained from operating leases 1,825 773
Employee stock purchase plan 406 541
Unsettled repurchases of common stock $ 400 $ 726