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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 32,078 $ 30,753
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 4,882 4,002
Bad debt expense 13,715 13,719
Compensation expense related to share-based awards 2,416 3,753
Deferred income taxes 986 4,767
Changes in operating assets and liabilities (31,923) (12,286)
Net cash provided by operating activities 22,154 44,708
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale investments (194,997) (126,009)
Sales of available-for-sale investments 59,825 64,408
Purchases of property and equipment (4,742) (1,042)
Payments for potential business acquisition (7,000)  
Net cash used in investing activities (146,914) (62,643)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock 659 314
Purchase of treasury stock (3,828)  
Payments of employee tax associated with stock compensation (1,610) (2,032)
Release of cash held in escrow (3,986)  
Net cash used in financing activities (8,765) (1,718)
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (133,525) (19,653)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of the period 325,178 109,684
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of the period $ 191,653 $ 90,031