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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 18,320 $ 5,514
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation 15,838 18,012
Amortization 84,528 86,992
Amortization of operating lease right-of-use assets 7,752 14,145
Amortization of deferred debt issuance costs 3,525 3,613
Deferred income taxes (11,742) (10,540)
Stock-based compensation expense 20,790 22,943
Other (27) 4,339
Changes in operating assets and liabilities:    
Receivables 55,953 41,261
Accounts payable (5,080) 1,680
Accrued employee compensation (1,140) 13,585
Deferred revenue 10,339 14,361
Other current and noncurrent assets and liabilities (51,158) (23,847)
Net cash flows from operating activities 147,898 192,058
Cash flows from investing activities:    
Purchases of property and equipment (12,968) (14,091)
Purchases of software and distribution rights (20,041) (21,556)
Net cash flows from investing activities (33,009) (35,647)
Cash flows from financing activities:    
Proceeds from issuance of common stock 2,526 2,853
Proceeds from exercises of stock options 7,252 6,518
Repurchase of stock-based compensation awards for tax withholdings (14,833) (11,150)
Repurchases of common stock (39,411) (28,881)
Proceeds from revolving credit facility 0 30,000
Repayment of revolving credit facility (55,000) (109,000)
Repayment of term portion of credit agreement (29,212) (29,212)
Payments on or proceeds from other debt, net (10,187) (10,044)
Net cash flows from financing activities (138,865) (148,916)
Effect of exchange rate fluctuations on cash 84 4,952
Net increase (decrease) in cash and cash equivalents (23,892) 12,447
Cash and cash equivalents, beginning of period 165,374 121,398
Cash and cash equivalents, end of period 141,482 133,845
Supplemental cash flow information    
Income taxes paid 28,131 19,733
Interest paid $ 35,966 $ 46,489