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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES      
Net income $ 213,521 $ 71,100 $ 39,985
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 118,864 114,379 108,099
Amortization of intangibles 5,357 4,012 4,367
Pension settlement expense   89 8,505
Share-based compensation expense 11,426 10,478 9,523
Provision for losses on accounts receivable 1,466 4,327 1,223
Change in deferred income taxes (7,589) 7,715 5,411
Asset impairment     26,514
Gain on sale of property and equipment and lease termination (8,520) (2,376) (5,247)
Gain on sale of subsidiaries (6,923)    
Changes in operating assets and liabilities:      
Receivables (122,782) (38,129) 13,720
Prepaid expenses (1,482) (7,966) (4,756)
Other assets 354 2,646 (1,365)
Income taxes 13,136 (1,712) (8,720)
Operating right-of-use assets and lease liabilities, net 623 756 728
Accounts payable, accrued expenses, and other liabilities 106,064 40,670 (27,623)
NET CASH PROVIDED BY OPERATING ACTIVITIES 323,515 205,989 170,364
INVESTING ACTIVITIES      
Purchases of property, plant and equipment, net of financings (58,412) (43,248) (90,955)
Proceeds from sale of property and equipment 13,815 13,348 13,490
Business acquisitions, net of cash acquired (239,380)    
Proceeds from sale of subsidiaries 9,013    
Purchases of short-term investments (56,011) (165,133) (129,709)
Proceeds from sale of short-term investments 73,182 216,735 120,409
Purchase of long-term investments (25,350)    
Capitalization of internally developed software (20,061) (14,241) (11,476)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (303,204) 7,461 (98,241)
FINANCING ACTIVITIES      
Borrowings under credit facilities 50,000 180,000  
Borrowings under accounts receivable securitization program   45,000  
Proceeds from notes payable 3,523   20,410
Payments on long-term debt (171,915) (326,098) (58,938)
Net change in book overdrafts (1,957) 6,510 (2,722)
Deferred financing costs (314)   (562)
Payment of common stock dividends (8,139) (8,157) (8,187)
Purchases of treasury stock (83,100) (6,595) (9,110)
Forward contract for accelerated share repurchase (25,000)    
Payments for tax withheld on share-based compensation (10,743) (2,065) (1,291)
NET CASH USED IN FINANCING ACTIVITIES (247,645) (111,405) (60,400)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (227,334) 102,045 11,723
Cash and cash equivalents at beginning of period 303,954 201,909 190,186
CASH AND CASH EQUIVALENTS AT END OF PERIOD 76,620 303,954 201,909
NONCASH INVESTING ACTIVITIES      
Equipment and other financings 59,700 61,803 70,372
Accruals for equipment received 1,704 1,667 234
Lease liabilities arising from obtaining right-of-use assets $ 14,671 $ 67,819 $ 32,761