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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 19,467 $ 20,928
Adjustments to reconcile net income to net cash provided by (used in) operating activities-    
Depreciation 5,636 5,757
Amortization 11,309 11,471
Asset impairment 0 1,595
Gain on lease modifications 0 (125)
Unrealized foreign currency transaction (gain) loss, net (352) 41
Deferred income taxes 7,859 4,079
Stock-based compensation 7,736 6,412
Changes in operating assets and liabilities, net of acquired amounts:    
Trade accounts receivable, net (10,959) (1,825)
Other current and non-current assets and liabilities (9,827) (6,871)
Income taxes payable/receivable (3,158) 1,647
Trade accounts payable and accrued liabilities (59,581) (36,071)
Deferred revenue 2,519 8,359
Net cash provided by (used in) operating activities (29,351) 15,397
Cash flows from investing activities:    
Purchases of software, property and equipment (4,774) (8,700)
Proceeds from sale/maturity of short-term investments 0 71
Net cash used in investing activities (4,774) (8,629)
Cash flows from financing activities:    
Proceeds from issuance of common stock 866 893
Payment of cash dividends (9,463) (9,088)
Repurchase of common stock (17,973) (9,306)
Deferred acquisition payments (488) (274)
Proceeds from long-term debt 0 30,000
Payments on long-term debt (1,875) (1,875)
Settlement and merchant reserve activity (82,212) (61,482)
Net cash used in financing activities (111,145) (51,132)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (1,962) 327
Net decrease in cash, cash equivalents, and restricted cash (147,232) (44,037)
Cash, cash equivalents and restricted cash, beginning of period 463,876 389,018
Cash, cash equivalents and restricted cash, end of period 316,644 344,981
Cash paid during the period for-    
Interest 10,898 7,005
Income taxes 3,288 2,211
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 120,810 167,681
Settlement and merchant reserve assets 192,962 177,300
Restricted cash included in current and non-current assets 2,872 0
Total cash, cash equivalents and restricted cash $ 316,644 $ 344,981