XML 19 R7.htm IDEA: XBRL DOCUMENT v3.19.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 101,714 $ 25,447
Adjustments to reconcile net income to cash provided by operating activities:    
Gain on sale of discontinued operations (80,004) 0
Deferred income tax provision, net 1,735 (498)
Provision for bad debts 797 961
Depreciation and amortization 3,623 4,172
Stock-based compensation expense 5,050 4,552
Defined benefit pension plan expense 431 910
(Gain) loss on deferred compensation plan investments, net (10) 248
Loss on disposal or impairment of property and equipment 970 22
Contingent consideration liability remeasurement 459 0
Noncash lease expense 3,187  
Other 177 178
(Increase) decrease in operating assets    
Trade receivables, net (12,829) (14,179)
Income tax refund receivable 101 6,170
Prepaid expenses and other current assets (1,321) (1,904)
Other assets, net (2,049) 101
Increase (decrease) in operating liabilities    
Accounts payable and other accrued liabilities 2,333 3,841
Accrued payroll costs 1,298 2,403
Income taxes payable 753 5,387
Other long-term liabilities (4,085) 448
Cash provided by operating activities 22,330 38,259
Cash flows from investing activities:    
Capital expenditures (4,184) (3,116)
Equity method investment (7,500) 0
Net proceeds from the sale of assets held for sale 122,696 0
Cash provided by (used in) investing activities 111,012 (3,116)
Cash flows from financing activities:    
Proceeds from credit facility 80,100 334,600
Payments on credit facility (86,900) (350,523)
Payments on other financing arrangements (875) (1,054)
Repurchases of common stock (51,546) (12,129)
Cash dividends (8,684) (5,943)
Payment of contingent consideration liability (477) 0
Other (25) 0
Cash used in financing activities (68,407) (35,049)
Change in cash and cash equivalents 64,935 94
Cash and cash equivalents, beginning of period 112 379
Cash and cash equivalents, end of period 65,047 473
Cash Paid During the Period For:    
Income taxes 8,447 4,343
Interest, net 788 2,199
Operating lease liabilities 4,025  
Non-Cash Financing and Investing Transactions:    
ROU assets obtained from new operating leases 1,355  
Unsettled repurchases of common stock 1,183 0
Contingent contribution for equity method investment 1,500 0
Employee stock purchase plan 283 261
Equipment acquired under finance leases 192 424
Shares tendered in payment of exercise price of stock options $ 0 46
Proceeds from income tax refunds   $ 6,800