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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 85,171 $ 97,213
Adjustments to reconcile net income to net cash provided by operating activities:    
Asset impairment   612
Depreciation and amortization expense 11,802 10,785
Bad debt expense 36,360 36,706
Compensation expense related to share-based awards 11,287 9,735
Deferred income taxes 9,938 11,339
Changes in operating assets and liabilities (10,352) (28,637)
Net cash provided by operating activities 144,206 137,753
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale investments (269,739) (333,767)
Sales of available-for-sale investments 357,280 213,576
Purchases of property and equipment (6,276) (7,479)
Business acquisitions, net of cash acquired (56,947) (39,819)
Net cash provided by (used in) investing activities 24,318 (167,489)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock 793 1,925
Purchase of treasury stock (5,372) (17,862)
Payments of employee tax associated with stock compensation (2,034) (894)
Net cash used in financing activities (6,613) (16,831)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 161,911 (46,567)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of the period 109,684 108,687
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of the period 271,595 62,120
Supplemental non-cash disclosure:    
Amounts placed in escrow during the period to secure indemnification obligations from business acquisitions $ 1,210 $ 4,000