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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net earnings (loss) $ 2,014 $ (9,184)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Stock-based compensation expense 2,034 25,575
Amortization of intangibles 5,074 12,980
Provision for credit losses 19,118 17,807
Depreciation 15,969 12,138
Deferred income taxes (10,268) (8,348)
Impairment of long-lived assets 1,854 0
Revenue reserves 2,910 2,140
Other adjustments, net 2,235 1,076
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts receivable (34,638) (21,226)
Other assets 573 3,043
Accounts payable and other liabilities 4,539 21,008
Income taxes payable and receivable 938 (873)
Deferred revenue 2,993 (230)
Net cash provided by operating activities 15,345 55,906
Cash flows from investing activities:    
Capital expenditures (18,743) (13,236)
Proceeds from maturities of marketable debt securities 50,000  
Net proceeds from the sale of a business 0 767
Net cash provided by (used in) investing activities 31,257 (12,469)
Cash flows from financing activities:    
Principal payments on Term Loan (6,875) (3,438)
Purchase of treasury stock (4,916) (38,512)
Withholding taxes paid on behalf of employees on net settled stock-based awards (48,168) (3,222)
Purchase of noncontrolling interests (22,938) (3,165)
Net cash used in financing activities (82,897) (48,337)
Total cash used (36,295) (4,900)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 384 (1,327)
Net decrease in cash and cash equivalents and restricted cash (35,911) (6,227)
Cash and cash equivalents and restricted cash at beginning of period 813,561 391,478
Cash and cash equivalents and restricted cash at end of period $ 777,650 $ 385,251