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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 37,900 $ 53,871
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 35,634 33,468
Amortization of debt issue costs and accretion of discount 1,074 835
Operating lease amortization 2,890 3,579
Provision for expected credit losses and sundry losses 922 2,884
Deferred tax benefit (1,214) (1,821)
Share-based compensation 7,122 6,715
Loss on disposition of property and equipment and other intangibles 193 645
Earnings of equity method investment (531) (355)
Decrease (increase) in assets:    
Accounts receivable, net 14,387 5,384
Prepaid expenses and other assets (4,102) (5,833)
Other long-term assets 1,141 (3,060)
(Decrease) increase in liabilities:    
Accrued liabilities and accounts payable (13,653) (17,955)
Income tax payable 4,988 (4,713)
Unearned income 2,817 4,004
Operating lease liabilities (3,281) (2,877)
Other long-term liabilities 965 1,179
Total adjustments 49,352 22,079
Net cash provided by operating activities 87,252 75,950
Cash flows from investing activities    
Additions to software (11,833) (20,023)
Property and equipment acquired (6,614) (15,625)
Proceeds from sales of property and equipment 0 29
Net cash used in investing activities (18,447) (35,619)
Cash flows from financing activities    
Statutory withholding taxes paid on share-based compensation (2,777) (6,162)
Net borrowings under Revolving Facility 15,000 0
Repayment of short-term borrowings for purchase of equipment and software (1,553) (818)
Dividends paid (7,193) (7,227)
Repurchase of common stock (7,300) (28,196)
Repayment of long-term debt (24,123) (7,125)
Net cash used in financing activities (27,946) (49,528)
Effect of foreign exchange rate on cash, cash equivalents and restricted cash (2,890) 0
Net increase (decrease) in cash, cash equivalents and restricted cash 37,969 (9,197)
Cash, cash equivalents and restricted cash at beginning of the period 131,121 86,746
Cash, cash equivalents and restricted cash at end of the period 169,090 77,549
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 146,920 64,025
Restricted cash 22,170 13,524
Cash, cash equivalents and restricted cash 169,090 77,549
Supplemental disclosure of cash flow information:    
Cash paid for interest 12,352 14,646
Cash paid for income taxes 4,579 10,085
Supplemental disclosure of non-cash activities:    
Payable due to vendor related to equipment and software acquired $ 1,484 $ 5,238