| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net (loss) income | ||||||
-50,000 | -25,100 | 81,800 | 22,200 | 19,600 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Stock-based compensation expense | ||||||
7,700 | 6,100 | 2,600 | 3,000 | 5,100 | ||
Provision for doubtful accounts | ||||||
600 | 500 | 500 | 700 | 100 | ||
Depreciation and amortization | ||||||
52,000 | 46,800 | 43,200 | 40,000 | 39,100 | ||
Goodwill impairment charges | ||||||
69,100 | 0 | 0 | - | - | ||
Intangible asset impairment charges | ||||||
17,000 | 104,300 | 0 | 0 | 8,900 | ||
Non-cash operating lease expense | ||||||
3,200 | 0 | 0 | - | - | ||
Amortization of deferred financing fees and debt discount | ||||||
1,400 | 1,700 | 4,600 | 5,200 | 4,700 | ||
Unrealized gain on interest rate swap and floor | ||||||
0 | 800 | 1,400 | 700 | -1,500 | ||
Deferred income taxes | ||||||
-15,400 | -24,800 | -39,900 | 10,400 | 7,900 | ||
Loss on extinguishment of debt | ||||||
0 | 0 | -3,000 | -3,700 | 0 | ||
Remeasurement of contingent consideration | ||||||
0 | 500 | 300 | -200 | 0 | ||
Changes in operating assets and liabilities, net of effect of businesses acquired: | ||||||
Trade and other receivables | ||||||
-3,400 | -1,000 | 700 | 10,600 | -4,400 | ||
Prepaid expenses | ||||||
4,200 | -3,700 | -4,500 | 1,700 | 300 | ||
Other noncurrent assets | ||||||
-100 | 0 | -100 | 600 | 0 | ||
Accounts payable and other current liabilities | ||||||
-7,100 | 4,400 | 3,300 | 2,400 | -2,200 | ||
Income tax payable | ||||||
- | - | - | 0 | - | ||
Deferred revenues | ||||||
-6,400 | -12,300 | 5,400 | 18,400 | -1,100 | ||
Operating lease liabilities | ||||||
3,200 | 0 | 0 | - | - | ||
Other noncurrent liabilities | ||||||
-400 | -2,100 | 3,500 | 400 | 100 | ||
Net cash provided by operating activities | ||||||
67,800 | 103,900 | 110,800 | 93,000 | 87,800 | ||
Acquisition of businesses | ||||||
12,800 | 71,200 | 92,500 | 48,500 | 84,200 | ||
Purchases of property and equipment | ||||||
1,600 | 800 | 900 | 2,400 | 1,000 | ||
Purchases of intangible assets | ||||||
2,300 | 2,700 | 2,100 | 1,000 | 1,800 | ||
Net cash used in investing activities | ||||||
-16,700 | -74,700 | -95,500 | -51,900 | -87,000 | ||
Financing activities | ||||||
Payment of deferred consideration for acquisition of businesses | ||||||
1,000 | 0 | 0 | - | - | ||
Payment of deferred consideration for acquisition of businesses | ||||||
0 | 0 | 12,600 | 4,600 | 0 | ||
Proceeds from borrowings on revolving credit facility | ||||||
16,000 | 50,000 | 43,000 | 8,000 | 12,000 | ||
Repayment of revolving credit facility | ||||||
46,000 | 10,000 | 43,000 | 8,000 | 12,000 | ||
Proceeds from borrowings on term loan | ||||||
0 | 0 | 13,000 | 200,000 | 0 | ||
Repayment of senior notes | ||||||
- | - | - | 200,000 | 0 | ||
Repayment of principal on term loan | ||||||
5,700 | 25,700 | 164,200 | 37,000 | 26,300 | ||
Fees paid for debt issuance | ||||||
0 | 0 | 4,700 | 1,000 | 0 | ||
Cash dividends paid | ||||||
21,300 | 21,000 | 15,200 | 0 | 0 | ||
Payment of costs related to the initial public offering | ||||||
0 | 0 | 6,400 | 0 | 0 | ||
Repurchase of common stock | ||||||
8,300 | 19,400 | 0 | 0 | - | ||
Proceeds from exercise of stock options | ||||||
- | - | - | 0 | - | ||
Proceeds from issuance of common stock under equity plans | ||||||
0 | 0 | 165,500 | 100 | 0 | ||
Net cash provided by (used in) financing activities | ||||||
-62,000 | -19,600 | -19,300 | -42,500 | -26,300 | ||
Net increase (decrease) in cash and cash equivalents | ||||||
-10,900 | 9,600 | -4,000 | -1,400 | -25,500 | ||
Supplemental disclosures of cash flow information | ||||||
Cash paid for income taxes | ||||||
11,900 | 14,800 | 3,900 | 3,700 | 1,200 | ||
Cash paid for interest | ||||||
28,800 | 28,500 | 34,700 | 45,900 | 49,900 | ||
Supplemental schedule of non-cash investing and financing activities | ||||||
Equity Plans [Member] | ||||||
Proceeds from issuance of common stock | ||||||
4,300 | 6,500 | 5,300 | - | - | ||
2019 Acquisitions [Member] | ||||||
Contingent consideration related to acquisitions | ||||||
4,300 | 0 | 0 | - | - | ||
2017 Acquisitions [Member] | ||||||
Contingent consideration related to acquisitions | ||||||
0 | 0 | 1,600 | 0 | - | ||
2016 Acquisitions [Member] | ||||||
Contingent consideration related to acquisitions | ||||||
- | - | - | 8,500 | - | ||