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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net income $ 84,695 $ 37,900
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 37,346 35,634
Amortization of debt issue costs and accretion of discount 991 1,074
Operating lease amortization 2,938 2,890
Provision for expected credit losses and sundry losses 85 922
Deferred tax benefit (947) (1,214)
Share-based compensation 7,235 7,122
Gain from sale of assets (778) 0
Loss on disposition of property and equipment and impairment of intangible 1,106 193
Earnings of equity method investment (896) (531)
Dividend received from equity method investment 1,183 0
Decrease (increase) in assets:    
Accounts receivable, net (48) 14,387
Prepaid expenses and other assets 1,407 (4,102)
Other long-term assets (14) 1,141
(Decrease) increase in liabilities:    
Accrued liabilities and accounts payable (10,899) (13,653)
Income tax payable (3,398) 4,988
Contract liability (1,664) 2,817
Operating lease liabilities (3,438) (3,281)
Other long-term liabilities (2,875) 965
Total adjustments 27,334 49,352
Net cash provided by operating activities 112,029 87,252
Cash flows from investing activities    
Additions to software (21,317) (11,833)
Acquisition of customer relationship (14,750) 0
Property and equipment acquired (8,803) (6,614)
Proceeds from sales of property and equipment 802 0
Acquisition of available-for-sale debt securities (2,968) 0
Net cash used in investing activities (47,036) (18,447)
Cash flows from financing activities    
Statutory withholding taxes paid on share-based compensation (8,793) (2,777)
Net borrowings under Revolving Facility 0 15,000
Repayment of short-term borrowings for purchase of equipment and software (1,556) (1,553)
Dividends paid (7,213) (7,193)
Repurchase of common stock (24,388) (7,300)
Repayment of long-term debt (24,919) (24,123)
Net cash used in financing activities (66,869) (27,946)
Effect of foreign exchange rate on cash, cash equivalents and restricted cash 73 (2,890)
Net (decrease) increase in cash, cash equivalents and restricted cash (1,803) 37,969
Cash, cash equivalents and restricted cash at beginning of the period 221,105 131,121
Cash, cash equivalents and restricted cash at end of the period 219,302 169,090
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 199,891 146,920
Restricted cash 19,411 22,170
Cash, cash equivalents and restricted cash 219,302 169,090
Supplemental disclosure of cash flow information:    
Cash paid for interest 10,940 12,352
Cash paid for income taxes 7,835 4,579
Supplemental disclosure of non-cash activities:    
Payable due to vendor related to equipment and software acquired $ 721 $ 1,484