| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | |||||||||||
Operating activities | |||||||||||
Net Income (Loss) Attributable to Parent | |||||||||||
216,726 | 150,611 | 107,962 | 85,520 | 66,053 | 58,807 | -10,594 | -36,986 | 103,903 | 65,984 | 139,843 | 120,906 |
Adjustments to reconcile net income to net cash used in operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
30,153 | 31,536 | 31,177 | 38,700 | 31,392 | 35,126 | 32,638 | 33,919 | 28,582 | 31,334 | 28,765 | 26,037 |
Amortization and impairment of other intangible assets | |||||||||||
8,152 | 8,162 | 10,563 | 10,306 | 11,726 | 15,521 | 22,954 | 22,586 | 22,371 | 47,666 | 24,702 | 18,824 |
Goodwill impairment charge | |||||||||||
- | - | - | - | - | - | 83,752 | 110,387 | - | - | - | - |
Acquisition-related contingent consideration | |||||||||||
2,372 | 479 | 2,291 | 2,164 | -1,200 | -1,676 | -10,869 | -3,064 | -6,465 | -1,190 | - | - |
Provision for doubtful accounts | |||||||||||
19,600 | 17,900 | 15,400 | 8,900 | 15,564 | 18,252 | 13,335 | 14,179 | 12,586 | 10,720 | 19,866 | 22,474 |
Share-based compensation | |||||||||||
17,978 | 15,577 | 16,030 | 16,920 | 17,951 | 22,848 | 35,129 | 29,361 | 37,352 | 35,246 | 28,637 | 26,381 |
Amortization of debt discount and issuance costs | |||||||||||
11,615 | 5,456 | 1,984 | 1,985 | 2,521 | 2,691 | 2,699 | 9,824 | 8,439 | 12,670 | 7,214 | 7,124 |
Excess tax benefits from share-based compensation | |||||||||||
- | - | - | - | - | - | - | - | - | 204 | 5,193 | 10,820 |
Gain (Loss) on Extinguishment of Debt | |||||||||||
0 | -9,072 | 0 | 0 | -19,589 | - | - | - | - | - | - | - |
Gain on sale of business | |||||||||||
0 | 13,031 | 0 | 0 | - | - | - | - | - | - | - | - |
Deferred income taxes | |||||||||||
-3,712 | 20,831 | -51,579 | - | - | - | - | - | - | - | - | - |
Other | |||||||||||
-302 | -769 | -611 | 1,204 | 760 | 522 | 1,582 | 488 | 2,068 | -482 | -1,604 | 3,407 |
Changes in operating assets and liabilities, net of effects from acquisitions: | |||||||||||
Accounts receivable, billed and unbilled | |||||||||||
141,894 | 72,034 | 50,831 | -3,471 | 35,648 | 43,072 | 56,290 | 3,691 | 94,178 | 18,881 | 13,314 | 49,251 |
Notes receivable | |||||||||||
-10,445 | -8,987 | -14,928 | -3,145 | -3,106 | 18,253 | 7,544 | 25,730 | 3,781 | 22,159 | 16,013 | 9,377 |
Prepaid expenses and other assets | |||||||||||
22,648 | 2,258 | -629 | 2,840 | 3,557 | -10,733 | 6,784 | 1,895 | -3,933 | -1,136 | -1,334 | 11,577 |
Accounts payable, accrued expenses and other | |||||||||||
-8,907 | 8,908 | 4,421 | 3,268 | -4,718 | 980 | 8,505 | -12,458 | 11,472 | 18,611 | -14,179 | -3,382 |
Income taxes | |||||||||||
24,496 | -8,890 | 25,811 | 22,012 | 18,491 | 15,283 | 7,963 | -6,816 | 22,227 | 8,033 | 27,703 | 12,990 |
Accrued compensation | |||||||||||
61,339 | 52,510 | 1,795 | 40,350 | 4,780 | 11,106 | 82,917 | -21,074 | 38,073 | 9,357 | 20,090 | 32,836 |
Billings in excess of services provided | |||||||||||
-8,133 | -3,885 | 16,447 | 779 | -5,370 | 7,577 | -2,958 | 12,134 | -8,618 | -6,131 | 2,918 | 10,908 |
Net cash used in operating activities | |||||||||||
217,886 | 230,672 | 147,625 | 233,488 | 139,920 | 135,401 | 193,271 | 120,188 | 173,828 | 195,054 | 250,769 | 197,480 |
Investing activities | |||||||||||
Investing activities | |||||||||||
Proceeds from sale of business | |||||||||||
0 | 50,283 | 0 | 0 | - | - | - | - | - | - | - | - |
Payments for acquisition of businesses, net of cash received | |||||||||||
18,791 | 0 | 8,929 | 1,251 | 575 | 23,467 | 55,498 | 62,893 | 62,346 | 63,086 | 46,710 | 343,169 |
Purchases of property and equipment | |||||||||||
42,072 | 32,270 | 32,004 | 28,935 | 31,399 | 39,256 | 42,544 | 27,759 | 31,091 | 22,600 | 28,557 | 35,674 |
Purchases of short-term investments | |||||||||||
- | - | - | - | - | - | - | - | - | - | 35,717 | - |
Proceeds from sale or maturity of short-term investments | |||||||||||
- | - | - | - | - | - | - | - | - | 15,000 | 20,576 | - |
Other | |||||||||||
-257 | -731 | -295 | -54 | -237 | -5,128 | 5,049 | -246 | 211 | 400 | -520 | -4,703 |
Net cash used in investing activities | |||||||||||
-60,606 | 18,744 | -40,638 | -30,132 | -31,737 | -57,595 | -103,091 | -90,406 | -93,648 | -71,086 | -89,888 | -374,140 |
Financing activities | |||||||||||
Financing activities | |||||||||||
Borrowings under revolving line of credit | |||||||||||
45,000 | 233,500 | 422,000 | - | - | - | - | - | 25,000 | 20,000 | - | - |
Repayments under revolving line of credit | |||||||||||
45,000 | 333,500 | 392,000 | - | - | - | - | - | - | 20,000 | - | - |
Borrowings under revolving line of credit, net | |||||||||||
- | - | - | -130,000 | 200,000 | - | - | - | -25,000 | - | - | - |
Proceeds from issuance of convertible notes | |||||||||||
0 | 316,250 | 0 | 0 | - | - | - | - | - | - | - | - |
Payments of long-term debt | |||||||||||
0 | 300,000 | 0 | 0 | 425,671 | 6,014 | 6,021 | - | - | - | - | - |
Cash received for settlement of interest rate swaps | |||||||||||
- | - | - | - | - | - | - | - | 5,596 | - | 2,288 | - |
Payments of debt issue and debt prepayment costs | |||||||||||
0 | 16,149 | 0 | 0 | 3,843 | - | - | - | - | 3,054 | - | - |
Payments of short-term borrowings of acquired subsidiary | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 2,275 |
Payments of long-term debt and capital lease obligations | |||||||||||
- | - | - | - | - | - | - | 377,859 | 6,994 | 209,747 | 13,761 | 8,744 |
Issuance of debt securities, net | |||||||||||
- | - | - | - | - | - | - | 292,608 | - | 390,445 | - | - |
Deposits | |||||||||||
- | - | - | - | 3,227 | 13,071 | - | - | - | - | - | - |
Purchase and retirement of common stock | |||||||||||
105,797 | 55,738 | 168,094 | 21,489 | 26,532 | 4,367 | 66,763 | 50,032 | 209,400 | 40,634 | 250,000 | - |
Net issuance of common stock under equity compensation plans | |||||||||||
3,171 | 38,475 | -504 | 21,708 | 16,666 | 4,772 | 29,392 | 1,598 | 11,109 | -6,196 | 15,699 | 20,562 |
Payments for business acquisition liabilities | |||||||||||
2,282 | 3,029 | 5,161 | 866 | 745 | - | - | - | - | - | - | - |
Excess tax benefit from share-based compensation | |||||||||||
- | - | - | - | - | - | - | - | - | 204 | 5,193 | 10,820 |
Deposits and other | |||||||||||
1,597 | 2,672 | 2,825 | 5,337 | 936 | -1,132 | 263 | -4,561 | 960 | 442 | 303 | -112 |
Net cash provided by (used in) financing activities | |||||||||||
-103,311 | -117,519 | -140,934 | -125,310 | -235,962 | 6,330 | -43,129 | -138,246 | -198,729 | 143,852 | -240,278 | 20,251 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
3,335 | -9,789 | 7,750 | -11,648 | -6,141 | -6,289 | 1,997 | 826 | -1,598 | -2,122 | 6,427 | -12,212 |
Net decrease in cash and cash equivalents | |||||||||||
57,304 | 122,108 | -26,197 | 66,398 | -133,920 | 77,847 | 49,048 | -107,638 | -120,147 | 265,698 | -72,970 | -168,621 |
Supplemental cash flow disclosures | |||||||||||
Cash paid for interest | |||||||||||
7,606 | 21,687 | 23,285 | 23,154 | 46,965 | 48,169 | 48,156 | 57,082 | 50,655 | 35,441 | 38,741 | 39,013 |
Cash paid for income taxes, net of refunds | |||||||||||
50,941 | 45,568 | 4,929 | 20,270 | 20,654 | 27,326 | 35,074 | 46,918 | 38,742 | 33,237 | 54,122 | 64,945 |
Non-cash investing and financing activities: | |||||||||||
Issuance of stock units under incentive compensation plans | |||||||||||
1,413 | 1,059 | 1,547 | 1,842 | 2,124 | 1,674 | 3,005 | 3,079 | 4,241 | 6,531 | 5,308 | 3,496 |
Business acquisition liabilities not yet paid | |||||||||||
9,746 | 0 | 3,426 | - | - | - | - | - | - | - | - | - |
Acquisition-related contingent liability | |||||||||||
- | - | - | 0 | 0 | - | - | - | - | - | - | - |
Issuance of common stock to acquire businesses | |||||||||||
- | - | - | - | - | - | 2,883 | 5,193 | - | - | 1,166 | 54,931 |
Unsettled repurchase and retirement of common stock | |||||||||||
- | - | - | - | - | - | 4,367 | - | - | - | - | - |
Issuance of notes payable to acquire businesses | |||||||||||
- | - | - | - | - | - | - | - | - | 39,772 | 12,266 | 506 |