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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net income $ 129,331 $ 84,734 $ 39,755
Adjustment to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 78,862 69,086 69,179
Amortization of contract acquisition costs 590 1,002 3,015
Amortization of debt issuance costs 732 1,083 992
Imputed interest expense and fair value adjustments to contingent consideration 4,484 2,339 10,217
Provision for credit losses 494 1,711 3,679
(Gain) loss on disposal of assets 521 189 111
Loss on dissolution of subsidiary 19,905 0 0
Impairment losses 5,809 3,735 1,452
Impairment of equity investment 0 0 15,632
Gain (adjustment) on bargain purchase of a business 0 0 (685)
Non-cash loss on assets held-for-sale 0 0 1,616
Deferred income taxes (5,193) (1,376) (7,975)
Excess tax benefit from equity-based awards (726) (1,231) (635)
Equity-based compensation expense 12,507 12,814 12,145
(Gain) loss on foreign currency derivatives 103 (140) 1,524
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable (40,625) 29,608 29,985
Prepaids and other assets 57,597 27,413 (30,438)
Accounts payable and accrued expenses 76,726 97,268 11,713
Deferred revenue and other liabilities (69,197) (90,246) 7,063
Net cash provided by operating activities 271,920 237,989 168,345
Cash flows from investing activities      
Proceeds from sale of long-live assets 20 382 34
Purchases of property, plant and equipment (59,772) (60,776) (43,450)
Investments in non-marketable equity investments 0 0 (2,119)
Acquisitions, net of cash acquired of $4,423, $4,547, and $4,530, respectively (52,675) (102,457) (2,027)
Net cash used in investing activities (112,427) (162,851) (47,562)
Cash flows from financing activities      
Net proceeds (borrowings) from line of credit 95,000 8,000 (62,000)
Payments on other debt (8,619) (11,855) (5,989)
Payments of contingent consideration and hold back payments to acquisitions (48,686) (5,902) (1,349)
Dividends paid to shareholders (134,554) (28,739) (25,346)
Payments to noncontrolling interest (10,801) (4,950) (2,925)
Capital contribution from noncontrolling interest 0 3,362 0
Proceeds from exercise of stock options 0 0 208
Tax payments related to issuance of restricted stock units (4,521) (5,471) (4,643)
Payments of debt issuance costs (45) (1,819) (35)
Net cash (used in) provided by financing activities (112,226) (47,374) (102,079)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 6,157 (410) (14,904)
Increase (decrease) in cash, cash equivalents and restricted cash 53,424 27,354 3,800
Cash, cash equivalents and restricted cash, beginning of period 105,591 78,237 74,437
Cash, cash equivalents and restricted cash, end of period 159,015 105,591 78,237
Supplemental disclosures      
Cash paid for interest 10,233 13,108 17,456
Cash paid for income taxes 47,761 36,316 39,984
Non-cash investing and financing activities      
Acquisition of long lived assets through finance leases 1,852 3,731 15,018
Acquisition of equipment through increase in accounts payable, net $ 347 $ 881 $ 339