XML 34 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net income $ 8,860 $ 56,728
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 16,298 16,049
Amortization and impairment of other intangible assets 4,915 5,196
Acquisition-related contingent consideration 1,172 1,340
Provision for doubtful accounts 5,971 4,344
Non-cash share-based compensation 9,959 9,667
Non-cash interest expense 992 992
Other 242 (639)
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable, billed and unbilled (78,100) (57,501)
Notes receivable 2,241 (4,640)
Prepaid expenses and other assets 947 (943)
Accounts payable, accrued expenses and other (1,887) 1,932
Income taxes 3,087 29,329
Accrued compensation (64,531) (28,518)
Billings in excess of services provided 7,634 7,297
Net cash provided by (used in) operating activities (82,200) 40,633
Investing activities    
Payments for acquisition of businesses, net of cash received   (56)
Purchases of property and equipment (13,127) (11,983)
Other 72 96
Net cash used in investing activities (13,055) (11,943)
Financing activities    
Borrowings under revolving line of credit, net 115,000  
Deposits 3,262 2,557
Purchase and retirement of common stock (102,513) (2,903)
Net issuance of common stock under equity compensation plans (500) 9,353
Other (79) (154)
Net cash provided by financing activities 15,170 8,853
Effect of exchange rate changes on cash and cash equivalents 2,438 (4,638)
Net increase (decrease) in cash and cash equivalents (77,647) 32,905
Cash and cash equivalents, beginning of period 216,158 149,760
Cash and cash equivalents, end of period 138,511 182,665
Supplemental cash flow disclosures    
Cash paid for interest 14,903 11,242
Cash paid for income taxes, net of refunds 5,336 4,493
Non-cash investing and financing activities:    
Issuance of stock units under incentive compensation plans $ 1,547 $ 1,842