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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2018
Apr. 30, 2017
Apr. 30, 2016
Cash flows from operating activities:      
Net income $ 135,897 $ 87,238 $ 31,433
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 48,588 47,260 36,220
Stock-based compensation expense 21,469 18,958 18,895
Provision for doubtful accounts 13,675 12,987 8,570
Gain on cash surrender value of life insurance policies (7,776) (4,918) (3,984)
(Gain) loss on marketable securities (10,278) (10,842) 3,333
Deferred income taxes (6,564) 6,589 (13,792)
Change in other assets and liabilities, net of effect of acquisitions:      
Deferred compensation 27,660 6,868 (4,605)
Receivables due from clients (53,357) (42,326) (16,622)
Income taxes and other receivables 2,093 (10,177) (191)
Prepaid expenses and other assets (13,491) (8,485) (6,310)
Investment in unconsolidated subsidiaries (297) (333) (1,631)
Income taxes payable 32,439 205 686
Accounts payable and accrued liabilities 66,081 5,420 18,862
Other (37,014) (2,303) (1,875)
Net cash provided by operating activities 219,125 106,141 68,989
Cash flows from investing activities:      
Purchase of property and equipment (42,000) (50,088) (26,144)
Purchase of marketable securities (9,462) (10,536) (30,397)
Proceeds from sales/maturities of marketable securities 2,642 42,815 30,066
Cash paid for acquisitions, net of cash acquired and earnout   (2,880) (256,082)
Acquisition of Mexico subsidiary, net of cash acquired     3,973
Premiums on company-owned life insurance policies (1,614) (1,597) (1,623)
Proceeds from life insurance policies 5,355 1,117 3,256
Dividends received from unconsolidated subsidiaries 240 564 2,373
Net cash used in investing activities (44,839) (20,605) (274,578)
Cash flows from financing activities:      
Proceeds from term loan facility   275,000 150,000
Principal payment on term loan facility (20,625) (155,469) (10,000)
Payment of contingent consideration from acquisition (485) (1,070)  
Repurchases of common stock (33,071) (28,821)  
Payment of tax withholdings on restricted stock (3,794) (4,758) (7,410)
Proceeds from issuance of common stock upon exercise of employee stock options and in connection with an employee stock purchase plan 6,885 5,121 4,038
Dividends - noncontrolling interest (2,659) (1,203)  
Dividends paid to shareholders (22,955) (23,318) (21,833)
Payments on life insurance policy loans (554) (1,117) (1,251)
Net cash (used in) provided by financing activities (77,258) 64,365 113,544
Effect of exchange rate changes on cash and cash equivalents 12,938 (12,271) (15,541)
Net increase (decrease) in cash and cash equivalents 109,966 137,630 (107,586)
Cash and cash equivalents at beginning of year 410,882 273,252 380,838
Cash and cash equivalents at end of year 520,848 410,882 273,252
Supplemental cash flow information:      
Cash used to pay interest 11,946 10,882 5,154
Cash used to pay income taxes, net of refunds $ 37,486 $ 32,458 $ 33,189