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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 129,008 $ 59,456
Adjustments to reconcile net income to net cash provided by operating activities-    
Amortization of identifiable intangible assets 25,158 17,749
Depreciation expense 16,295 13,925
Change in right-of-use assets 10,444 8,554
Bad debt expense (benefit) 1,116 (429)
Deferred tax provision 6,311 5,449
Amortization of debt financing costs 441 267
Gain on sale of assets (706) (841)
Changes in the fair value of contingent earn-out obligations (3,973) (5,767)
Stock-based compensation 6,430 6,860
(Increase) decrease in-    
Receivables, net (179,871) (6,841)
Inventories (9,432) (5,365)
Prepaid expenses and other current assets 839 13,037
Costs and estimated earnings in excess of billings and unbilled accounts receivable (1,184) (2,752)
Other noncurrent assets 23 (1,105)
Increase (decrease) in-    
Accounts payable and accrued liabilities 38,082 (10,964)
Billings in excess of costs and estimated earnings 77,718 27,510
Other long-term liabilities (8,407) (8,674)
Net cash provided by operating activities 108,292 110,069
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (20,215) (10,762)
Proceeds from sales of property and equipment 1,559 1,530
Cash paid for acquisitions, net of cash acquired (39,373) (11,742)
Payments for investments (1,236)  
Net cash used in investing activities (59,265) (20,974)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 485,000 25,000
Payments on revolving credit facility (345,000) (80,000)
Payments on term loan (120,000) (15,000)
Payments on other debt (7,821) (8,765)
Payments on finance lease liabilities (899)  
Debt financing costs (2,297)  
Payments of dividends to stockholders (9,699) (8,341)
Share repurchase (32,854) (3,047)
Shares received in lieu of tax withholding (3,247) (2,363)
Proceeds from exercise of options   3,449
Deferred acquisition payments (50) (400)
Payments for contingent consideration arrangements (1,807) (865)
Net cash used in financing activities (38,674) (90,332)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 10,353 (1,237)
CASH AND CASH EQUIVALENTS, beginning of period 58,776 54,896
CASH AND CASH EQUIVALENTS, end of period $ 69,129 $ 53,659