| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||
Net Income (Loss) Attributable to Parent | |||||||||
180,386 | 157,981 | 156,963 | 94,760 | 93,927 | 72,035 | 12,344 | 8,509 | 4,762 | -9,994 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
108,269 | 100,943 | 94,776 | 85,284 | 78,666 | 77,447 | 72,808 | 61,348 | 55,451 | 53,320 |
Gain (Loss) on Extinguishment of Debt | |||||||||
- | - | - | -11,117 | 0 | 0 | -63,682 | 0 | 0 | - |
Amortization of original issue discount and deferred financing costs | |||||||||
1,929 | 1,901 | 1,776 | 3,474 | 3,583 | 3,052 | 2,763 | 6,783 | 6,330 | 6,143 |
Loss on foreign currency transactions and other | |||||||||
219 | 116 | 1,781 | - | - | - | - | - | - | - |
Impairment losses on long-lived assets | |||||||||
- | - | - | - | - | 206 | 765 | 694 | 1,262 | - |
Loss on foreign currency transactions and other | |||||||||
442 | 0 | 0 | -43 | -232 | 149 | - | - | 835 | - |
Interest paid in kind | |||||||||
- | - | - | - | - | - | 2,143 | 23,754 | 20,902 | 18,392 |
Change in the fair value of the interest rate cap | |||||||||
- | - | - | - | - | - | - | -67 | -641 | -2,258 |
Non-cash revenue and other | |||||||||
- | - | - | - | - | - | 618 | 319 | 342 | 983 |
(Gain) Loss on disposal of fixed assets | |||||||||
2,261 | -488 | -2,760 | 143 | -351 | -667 | -566 | -437 | 636 | -497 |
Stock-based compensation expense | |||||||||
17,283 | 13,811 | 12,072 | 11,646 | 9,200 | 7,922 | 10,692 | 17,596 | 1,158 | 2,354 |
Deferred income taxes | |||||||||
-11,344 | -5,469 | -37,562 | -12,121 | -758 | -13,376 | -13,410 | -12,045 | -5,872 | -13,570 |
Non-cash lease expense | |||||||||
- | - | - | 7,517 | 4,642 | 3,222 | 2,180 | 4,131 | 2,968 | - |
Deferred rent | |||||||||
0 | 1,317 | 4,345 | 2,562 | 2,736 | 3,092 | 2,985 | 2,142 | - | - |
Changes in assets and liabilities: | |||||||||
Accounts receivable | |||||||||
15,718 | 14,498 | 18,689 | 78 | 13,340 | 4,604 | 11,458 | 1,580 | 1,487 | 6,968 |
Prepaid expenses and other current assets | |||||||||
-1,818 | -2,795 | 3,450 | 7,369 | -3,825 | -2,174 | 5,393 | 4,110 | -259 | -2,241 |
Accounts payable and accrued expenses | |||||||||
9,032 | 15,912 | 5,912 | -6,858 | -6,448 | 9,589 | 365 | 1,155 | 13,303 | -1,723 |
Income taxes | |||||||||
4,999 | -3,320 | 11,156 | 12,773 | -12,073 | 3,505 | -13,386 | -218 | 27,321 | 447 |
Leases | |||||||||
-11,762 | -4,543 | -1,726 | - | - | - | - | - | - | - |
Deferred revenue | |||||||||
23,038 | 12,073 | 9,316 | 7,750 | 2,955 | 14,259 | 22,350 | -1,694 | 7,937 | 8,592 |
Accrued rent and related obligations | |||||||||
- | - | - | - | - | - | - | - | - | 5,791 |
Other assets | |||||||||
904 | -100 | 387 | 319 | 14,296 | 1,672 | -149 | 2,180 | -614 | -2,244 |
Other current and long-term liabilities | |||||||||
2,287 | 6,054 | 5,698 | 3,179 | 16,854 | -3,072 | 10,152 | 2,512 | -166 | 1,078 |
Net cash provided by operating activities | |||||||||
330,353 | 294,747 | 248,193 | 213,217 | 170,056 | 174,297 | 159,679 | 106,982 | 133,570 | 70,119 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||
Purchases of fixed assets | |||||||||
111,845 | 92,491 | 88,122 | 75,334 | 77,785 | 66,194 | 69,509 | 69,086 | 42,517 | 39,522 |
Proceeds from the maturity of debt securities | |||||||||
3,000 | 0 | 0 | - | - | - | - | - | - | - |
Purchases of other investments and debt securities | |||||||||
28,015 | 767 | 0 | 0 | - | - | 2,000 | 0 | - | - |
Payments and settlements for acquisitions — net of cash acquired | |||||||||
53,425 | 67,111 | 21,484 | 228,737 | 77,619 | 13,222 | 129,812 | 111,825 | 57,326 | 6,387 |
Proceeds from the disposal of fixed assets | |||||||||
7,080 | 1,826 | 4,285 | 1,234 | 50 | 385 | 189 | 21 | 4,851 | 5 |
Payments to Acquire Equity Method Investments | |||||||||
5,865 | 0 | 0 | - | - | - | - | - | - | - |
Settlement of purchase price for prior year acquisitions | |||||||||
- | - | - | - | - | 1,030 | 0 | 0 | - | - |
Net cash used in investing activities | |||||||||
-189,070 | -158,543 | -105,321 | -302,837 | -155,354 | -78,001 | -201,132 | -180,890 | -94,992 | -45,904 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||
Borrowings of long-term debt, net of issuance costs of $9.4 million | |||||||||
- | - | - | 1,065,610 | 0 | 161,803 | 769,360 | 82,321 | - | - |
Extinguishment of long-term debt | |||||||||
- | - | - | 922,488 | 0 | 0 | 972,468 | 0 | - | - |
Payments of debt issuance costs | |||||||||
0 | 292 | 1,711 | 1,002 | 0 | 0 | - | - | - | - |
Proceeds from initial public offering, net of issuance costs of $20.6 million | |||||||||
- | - | - | - | - | - | 234,944 | 0 | - | - |
Borrowings under revolving credit facility | |||||||||
288,674 | 679,900 | 643,201 | 445,868 | 267,300 | 0 | 140,800 | 0 | - | - |
Payments under revolving credit facility | |||||||||
406,532 | 688,800 | 592,101 | 393,868 | 243,300 | 0 | 140,800 | 0 | 18,500 | -20,300 |
Principal payments of long-term debt | |||||||||
10,750 | 10,750 | 8,063 | 7,163 | 9,550 | 7,900 | 7,900 | 5,472 | 4,933 | 3,656 |
Purchase of treasury stock | |||||||||
31,553 | 126,679 | 162,195 | 112,792 | 128,103 | 221,577 | 0 | 5,140 | - | 111 |
Taxes paid related to the net share settlement of stock options and restricted stock | |||||||||
11,326 | 7,540 | 29,798 | 7,747 | 0 | 0 | 4,138 | 0 | - | - |
Proceeds from issuance of common stock upon exercise of options and restricted stock upon purchase | |||||||||
26,559 | 22,933 | 26,988 | 11,679 | 9,811 | 17,422 | 11,040 | 2,115 | 59 | 258 |
Proceeds from issuance of restricted stock | |||||||||
- | - | - | 3,682 | 3,864 | - | 0 | 0 | - | - |
Payments of contingent consideration for acquisitions | |||||||||
4,200 | 2,965 | 185 | 915 | 0 | 0 | - | - | - | - |
Excess tax benefits from stock-based compensation | |||||||||
- | - | - | 12,891 | 9,397 | 9,123 | 5,923 | 3,381 | 93 | 312 |
Net cash used in financing activities | |||||||||
-149,128 | -134,193 | -123,864 | 93,755 | -90,581 | -36,420 | 36,761 | 77,205 | -23,281 | -23,497 |
Effect of exchange rates on cash, cash equivalents and restricted cash | |||||||||
559 | -103 | 1,507 | -1,121 | -468 | -1,575 | 168 | 364 | -287 | 360 |
Net increase (decrease) in cash, cash equivalents and restricted cash | |||||||||
-7,286 | 1,908 | 20,515 | 3,014 | -76,347 | 58,301 | -4,524 | 3,661 | 15,010 | 1,078 |
SUPPLEMENTAL CASH FLOW INFORMATION: | |||||||||
Cash payments of interest | |||||||||
43,051 | 46,122 | 44,464 | 37,090 | 38,110 | 32,473 | 34,928 | 51,974 | 54,706 | 62,111 |
Cash payments of income taxes | |||||||||
50,553 | 41,936 | 31,290 | 34,670 | 49,819 | 41,713 | 13,931 | 12,823 | 3,062 | 2,738 |
NON-CASH TRANSACTIONS: | |||||||||
Non-cash accretion of Class L common stock preferred return | |||||||||
- | - | - | - | - | - | - | 84,647 | 72,842 | 65,962 |
Non-cash conversion of Class L common stock | |||||||||
- | - | - | - | - | - | 854,101 | 0 | - | - |
Fixed asset purchases recorded in accounts payable and accrued expenses | |||||||||
4,549 | 6,359 | 1,500 | 3,000 | 2,000 | 3,000 | 0 | 0 | - | - |