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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 56,039 $ 130,862 $ 57,980
Adjustments to reconcile net income to cash provided by operating activities:      
Gain on sale of assets held for sale 0 (79,318)  
Gain on sale of assets held for sale     0
Deferred income tax provision, net (2,298) (49) 989
Provision for bad debts 2,130 1,209 1,820
Depreciation and amortization 5,255 6,481 8,265
Stock-based compensation expense 11,595 9,912 8,797
Defined benefit pension plans expense 842 862 1,821
Loss on deferred compensation plan investments, net 702 245 563
Loss on disposal or impairment of assets 1,822 1,084 38
Noncash lease expense 5,499 6,282  
Loss on equity method investment 1,681 831 0
Contingent consideration liability remeasurement and other 354 811 350
(Increase) decrease in operating assets      
Trade receivables, net (12,863) (5,360) (10,851)
Other assets (4,485) (9,639) 5,741
Increase (decrease) in operating liabilities      
Accrued payroll costs 22,397 4,567 1,350
Other liabilities 20,489 (2,163) 10,860
Cash provided by operating activities 109,159 66,617 87,723
Cash flows from investing activities:      
Capital expenditures (6,475) (10,359) (5,170)
Equity method investment (4,000) (9,000) 0
Net proceeds from the sale of assets held for sale 3,548 122,544 1,000
Cash provided by (used in) investing activities (6,927) 103,185 (4,170)
Cash flows from financing activities:      
Proceeds from credit facility 35,000 80,100 450,400
Payments on credit facility 0 (86,900) (495,123)
Payments on other financing arrangements, payment of contingent consideration liability and other (1,177) (2,222) (2,039)
Repurchases of common stock (35,613) (124,453) (22,187)
Cash dividends (16,787) (16,608) (14,871)
Cash used in financing activities (18,577) (150,083) (83,820)
Change in cash and cash equivalents 83,655 19,719 (267)
Cash and cash equivalents at beginning of year 19,831 112 379
Cash and cash equivalents at end of year 103,486 19,831 112
Cash paid during the year for:      
Income taxes [1] 21,737 24,935 13,442
Operating lease liabilities 7,330 8,186  
Interest, net 2,574 1,480 3,814
Non-Cash Financing and Investing Transactions:      
ROU assets obtained from operating leases 5,695 9,205  
Employee stock purchase plan 549 558 549
Unsettled repurchases of common stock $ 0 $ 0 556
Proceeds from income tax refunds     $ 6,800
[1] During the year ended December 31, 2018, cash provided by operating activities included the receipt of an income tax refund in the amount of $6.8 million.