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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 $ 78,299 $ 70,714 $ 61,570
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on sale of operations, net of tax 509 (417) (1,025)
Depreciation and amortization expense 23,139 22,345 23,675
Bad debt expense, net of recoveries 4,409 2,415 3,665
Adjustment to contingent earnout liability, net (629) 1,599 2,617
Deferred income taxes (770) 9,695 5,775
Employee stock awards 8,869 7,254 6,866
Excess tax benefits from share based payment arrangements (2,394) (4,773) (3,260)
Other, net 485 1,077 400
Changes in assets and liabilities, net of acquisitions and divestitures:      
Accounts receivable, net 6,714 (15,529) (10,668)
Other assets 1,472 907 (3,344)
Accounts payable (8,800) 9,829 974
Income taxes payable 2,158 (687) 426
Accrued personnel costs 19,788 (4,093) 17,901
Other liabilities 13,667 (1,813) (140)
Net cash provided by continuing operations 146,916 98,523 105,432
Operating cash flows used in discontinued operations (71) (338) (184)
Net cash provided by operating activities 146,845 98,185 105,248
Cash flows from investing activities:      
Business acquisitions and purchases of client lists, net of cash acquired (71,430) (11,744) (29,080)
Purchases of client fund investments (3,447) (27,216) (18,426)
Proceeds from the sales and maturities of client fund investments 37,487 23,958 12,238
Additions to property and equipment (11,576) (13,873) (14,624)
Other, net 2,560 1,190 2,316
Net cash used in investing activities (46,406) (27,685) (47,576)
Cash flows from financing activities:      
Proceeds from bank debt 592,354 648,648 690,173
Payment of bank debt (589,854) (678,648) (733,173)
Payment for acquisition of treasury stock (58,536) (27,163) (17,484)
(Decrease) increase in client funds obligations (13,747) 10,069 (41,509)
Payment of contingent consideration of acquisitions (12,859) (17,457) (11,787)
Proceeds from exercise of stock options 6,486 10,608 6,291
Other, net (453) (606) (1,891)
Net cash used in financing activities (76,609) (54,549) (109,380)
Net increase (decrease) in cash, cash equivalents and restricted cash 23,830 15,951 (51,708)
Cash, cash equivalents and restricted cash at beginning of year 146,505 130,554 182,262
Cash, cash equivalents and restricted cash at end of year 170,335 146,505 130,554
Reconciliation of cash, cash equivalents and restricted cash to the Consolidated Balance Sheets      
Cash, cash equivalents and restricted cash at end of year 170,335 130,554 130,554
Supplemental disclosures of cash flow information:      
Cash paid for interest 4,739 5,556 6,340
Cash paid for income taxes, net of income tax refunds $ 25,939 $ 17,497 $ 15,327