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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 38,952 $ 31,880
Adjustments to reconcile net income to net cash provided by operating activities-    
Depreciation 12,379 11,199
Amortization 22,018 22,043
Amortization of original issue discount 1,556 1,470
Asset impairment 415 10,595
(Gain)/loss on short-term investments 32 (110)
Deferred income taxes 6,434 6,771
Stock-based compensation 10,417 10,112
Changes in operating assets and liabilities, net of acquired amounts:    
Trade accounts receivable, net 1,128 (6,286)
Other current and non-current assets and liabilities (7,623) (8,568)
Income taxes payable/receivable (11,620) 1,332
Trade accounts payable and accrued liabilities (29,817) (36,381)
Deferred revenue (2,042) 6,803
Net cash provided by operating activities 42,229 50,860
Cash flows from investing activities:    
Purchases of software, property and equipment (15,158) (14,334)
Purchases of short-term investments (46,195) (35,112)
Proceeds from sale/maturity of short-term investments 49,419 34,185
Acquisition of and investments in business, net of cash acquired (12,097) (9,991)
Net cash used in investing activities (24,031) (25,252)
Cash flows from financing activities:    
Proceeds from issuance of common stock 1,335 1,247
Payment of cash dividends (16,654) (15,856)
Repurchase of common stock (18,792) (14,515)
Payments on long-term debt (6,563) (4,687)
Settlement and merchant reserve activity (23,967) (28,745)
Net cash used in financing activities (64,641) (62,556)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (1,835) (3,981)
Net decrease in cash, cash equivalents and restricted cash (48,278) (40,929)
Cash, cash equivalents and restricted cash, beginning of period 354,730 337,654
Cash, cash equivalents and restricted cash, end of period 306,452 296,725
Cash paid during the period for-    
Interest 6,370 7,327
Income taxes 20,540 2,865
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 163,768 144,019
Settlement and merchant reserve assets 142,684 152,706
Cash, cash equivalents and restricted cash, end of period $ 306,452 $ 296,725