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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 39,353 $ 45,359
Adjustments to reconcile net income to cash provided by operating activities:    
Deferred income tax provision, net (2,852) (757)
Provision for credit losses 136 325
Depreciation and amortization 4,431 3,776
Stock-based compensation expense 10,548 14,602
Noncash lease expense 2,765 3,111
Loss on equity method investment 0 750
Other (685) 675
(Increase) decrease in operating assets    
Trade receivables, net 4,032 20,880
Other assets (4,072) (289)
Increase (decrease) in operating liabilities    
Accrued payroll costs 13,085 (4,812)
Other liabilities (1,657) (14,564)
Cash provided by operating activities 65,084 69,056
Cash flows from investing activities:    
Capital expenditures (8,501) (6,076)
Proceeds from Life Insurance Policy 2,377 0
Payment to Acquire Life Insurance Policy, Investing Activities 1,777 765
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 (7,901) (2,532)
Cash flows from financing activities:    
Proceeds from credit facility 173,600 426,400
Payments on credit facility (188,300) (430,600)
Repurchases of common stock (21,189) (41,470)
Cash dividends (21,282) (20,842)
Other (4) (11)
Cash used in financing activities (57,175) (66,523)
Change in cash and cash equivalents 8 1
Cash and cash equivalents, beginning of period 119 121
Cash and cash equivalents, end of period 127 122
Supplemental Disclosure of Cash Flow Information    
Income taxes, net 9,085 19,323
Operating lease liabilities 3,609 3,937
Interest, net 1,556 623
Non-Cash Investing and Financing Transactions:    
ROU assets obtained from operating leases 2,627 3,692
Employee stock purchase plan 612 817
Unsettled repurchases of common stock $ 500 $ 2,292