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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net earnings from continuing operations $ 91,571 $ 39,915 $ 53,909
Depreciation and amortization 44,924 38,624 36,033
Spin-off Stock Based Compensation Costs 35,400
Deferred income tax 9,998 2,752 1,488
Earnings from equity method investments (894) (729) (589)
Stock option expense 3,279 4,253 2,358
Other 12,495 2,983 (1,226)
Incremental tax benefit on stock options exercised (4,597)
Accounts receivable (16,737) (5,574) (25,285)
Unbilled revenues (16,479) (12,738) (3,487)
Prepaid expenses and other current assets 3,010 (5,880) (1,377)
Accounts payable 6,228 (7,868) 19,539
Accrued liabilities 16,508 41,376 48,512
Income tax payable 419 4,785 (4,095)
Unearned revenues (945) (2,570) 2,884
Other liabilities 3,476 (6,634) (1,557)
Contingent acquisition consideration paid (591) (1,421) (19,785)
Discontinued operations 30,564 56,343
Net cash provided by operating activities 156,262 157,238 159,068
Investing activities      
Acquisitions of businesses, net of cash acquired (note 3) (82,073) (44,108) (91,559)
Disposal of business, net of cash disposed (note 4) 8,373
Purchases of fixed assets (25,046) (22,515) (30,067)
Advisor loans issued (26,059) (7,239) (8,239)
Other investing activities (511) (680) 5,221
Discontinued operations (10,871) (39,906)
Net cash used in investing activities (133,689) (85,413) (156,177)
Financing activities      
Increase in long-term debt 218,056 644,963 307,715
Repayment of long-term debt (201,103) (707,284) (193,033)
Purchases of subsidiary shares from NCI (14,074) (9,039) (36,025)
Sale of interests in subsidiaries to non-controlling interests 800 2,134 424
Contingent acquisition consideration (1,427) (4,662) (5,750)
Proceeds received on exercise of stock options 2,859 14,529 10,718
Incremental tax benefit on stock options exercised 4,597
Dividends paid to common shareholders (3,471) (7,178) (14,361)
Distributions paid to non-controlling interests (16,495) (19,065) (25,956)
Repurchases of Subordinate Voting Shares (28,868)
Financing fees paid (3,029) (358)
Net cash (used in) provided by financing activities (14,855) (88,631) 19,103
Effect of exchange rate changes on cash (10,720) (23,837) (7,905)
(Decrease) increase in cash and cash equivalents (3,002) (40,643) 14,089
Cash and cash equivalents, beginning of year 116,150 156,793 142,704
Cash and cash equivalents, end of year $ 113,148 $ 116,150 $ 156,793