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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 80,507 $ 78,393
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 19,921 17,277
Gain (loss) on sale of operations, net (6,385) (78)
Bad debt expense, net of recoveries 562 3,166
Adjustment to contingent earnout liability 1,599 (80)
Stock-based compensation expense 8,359 6,765
Excess tax benefits from share based payment arrangements (4,114) (1,674)
Deferred income taxes 7,141 (1,809)
Other, net (373) 388
Changes in assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable, net (66,017) (27,913)
Other assets 53 1,823
Accounts payable 12,126 (18,404)
Income taxes payable 9,359 12,048
Accrued personnel costs 15,329 (4,862)
Other liabilities 2,897 16,822
Operating cash flows provided by continuing operations 80,964 81,862
Operating cash flows used in discontinued operations (18) (66)
Net cash provided by operating activities 80,946 81,796
Cash flows from investing activities:    
Business acquisitions and purchases of client lists, net of cash acquired (66,155) (33,782)
Purchases of client fund investments (13,050) (3,447)
Proceeds from the sales and maturities of client fund investments 10,800 32,967
Proceeds from sales of divested operations 9,785 651
Change in funds held for clients (5,708) 3,250
Additions to property and equipment (6,451) (9,486)
Other, net 51 356
Net cash used in investing activities (70,728) (9,491)
Cash flows from financing activities:    
Proceeds from bank debt 680,400 550,454
Payment of bank debt (598,200) (545,954)
Payment for acquisition of treasury stock (84,950) (32,083)
Indirect repurchase of shares for minimum tax withholding (3,037) (2,040)
Changes in client funds obligations 8,375 (57,517)
Proceeds from exercise of stock options 7,143 4,719
Payment of contingent consideration for acquisitions (7,883) (11,242)
Other, net (170) (395)
Net cash provided by (used in) financing activities 1,678 (94,058)
Net increase (decrease) in cash, cash equivalents and restricted cash 11,896 (21,753)
Cash, cash equivalents and restricted cash at beginning of year 170,335 146,505
Cash, cash equivalents and restricted cash at end of period 182,231 124,752
Reconciliation of cash, cash equivalents and restricted cash to the   Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 2,749 6,113
Restricted cash 37,320 25,275
Cash equivalents included in funds held for clients 142,162 93,364
Total cash, cash equivalents and restricted cash $ 182,231 $ 124,752