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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 48,957 $ 35,872
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 11,676 11,279
Bad debt expense, net of recoveries 3,172 2,439
Adjustment to contingent earnout liability 3,050 (756)
Stock-based compensation expense 3,850 2,790
Other noncash adjustments (2,840) (1,115)
Changes in assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable, net (44,774) (40,997)
Other assets (4,955) (263)
Accounts payable 18,796 14,376
Income taxes payable 10,245 8,762
Accrued personnel costs (3,302) (9,598)
Other liabilities (2,617) 1,989
Operating cash flows provided by continuing operations 41,258 24,778
Operating cash flows used in discontinued operations (152) (540)
Net cash provided by operating activities 41,106 24,238
Cash flows from investing activities:    
Business acquisitions and purchases of client lists, net of cash acquired (23,740) (26,561)
Purchases of client fund investments (10,345) (11,788)
Proceeds from the sales and maturities of client fund investments 7,273 4,375
Increase in funds held for clients 74,428 72,417
Additions to property and equipment, net (5,493) (6,749)
Collection of notes receivable 348 63
Net cash provided by investing activities 42,471 31,757
Cash flows from financing activities:    
Proceeds from bank debt 439,000 308,000
Payment of bank debt (437,300) (288,800)
Payment for acquisition of treasury stock (4,409) (5,675)
Decrease in client funds obligations (71,293) (65,041)
Proceeds from exercise of stock options 4,425 5,649
Payment of contingent consideration for acquisitions (4,632) (5,211)
Other, net (1,321) (206)
Net cash used in financing activities (75,530) (51,284)
Net increase in cash, cash equivalents and restricted cash 8,047 4,711
Cash, cash equivalents and restricted cash at beginning of year 33,409 31,374
Cash, cash equivalents and restricted cash at end of period $ 41,456 $ 36,085