| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||||||||||
Net income | |||||||||||||||||||
59,014 | 48,894 | 33,109 | 42,776 | 45,348 | 43,955 | 40,121 | 29,682 | 38,099 | 61,583 | 33,357 | 39,244 | 34,076 | 33,980 | 20,876 | 19,411 | 22,780 | 22,661 | 9,255 | 15,071 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||||||||
Deferred tax benefit | |||||||||||||||||||
-371 | -2,712 | -9,098 | 2,527 | -5,280 | -805 | -5,196 | 594 | -1,292 | -5,698 | -2,250 | 2,671 | -6,015 | 2,856 | -2,790 | -144 | -4,363 | 671 | 49 | -522 |
Accounts Receivable, Credit Loss Expense (Reversal) | |||||||||||||||||||
4,801 | 200 | -107 | -21 | 724 | 370 | 229 | 384 | 470 | 534 | 365 | 614 | 1,564 | 1,000 | 705 | 739 | 285 | 532 | -685 | 2,406 |
Unrealized gains on investment securities | |||||||||||||||||||
-107 | 3 | 15 | 164 | 414 | 16 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Non-cash lease expense | |||||||||||||||||||
13,185 | 4,893 | 470 | 6,106 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Depreciation and amortization | |||||||||||||||||||
5,011 | 4,336 | 3,981 | 3,963 | 3,666 | 3,635 | 3,706 | 3,468 | 1,785 | 1,971 | 2,175 | 1,974 | 1,955 | 2,845 | 1,814 | 2,239 | 2,433 | 1,921 | 1,713 | 1,432 |
Contingent consideration valuation | |||||||||||||||||||
1,220 | 0 | 0 | 0 | 0 | 0 | -11 | 719 | 1,536 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Compensation expense – restricted share grants (Note 14) | |||||||||||||||||||
16,554 | 16,682 | 18,347 | 12,762 | 12,021 | 13,781 | 13,569 | 17,190 | 1,186 | 22,363 | 13,006 | 10,556 | 6,503 | 10,872 | 10,640 | 11,342 | 9,686 | 10,054 | 8,085 | 7,232 |
Compensation expense – restricted share grants (Note 14) | |||||||||||||||||||
Accounts receivable | |||||||||||||||||||
23,202 | -3,196 | -3,212 | -3,407 | 6,213 | -274 | -15,799 | -11,751 | 44,188 | -5,279 | -23,083 | 2,376 | 27,954 | -11,519 | -6,628 | -4,280 | 15,248 | -13,209 | 2,338 | -2,990 |
Unbilled work in process | |||||||||||||||||||
28,136 | -5,235 | 9,275 | 247 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Increase (Decrease) in Unbilled Work in Process | |||||||||||||||||||
- | 5,235 | -9,275 | 106 | - | 1,180 | 1,049 | 12,972 | - | -7,009 | 1,187 | 22,031 | 15,926 | 6,100 | -13,873 | -1,771 | -17,054 | 22,879 | 14,721 | -12,186 |
Unbilled work in process | |||||||||||||||||||
363 | 3,616 | -1,273 | 1,809 | 1,422 | 4,140 | 2,518 | 4,626 | 2,914 | -934 | -739 | 462 | -295 | 544 | -4,418 | 424 | 971 | -1,544 | 3,340 | -2,124 |
Accrued salaries and bonuses | |||||||||||||||||||
96,369 | 22,922 | 63,063 | -171,003 | 112,074 | 20,893 | 77,309 | -191,408 | 95,248 | 3,161 | 72,720 | -136,573 | 101,834 | 46,666 | 44,025 | -110,479 | 57,142 | 5,526 | 37,519 | -156,371 |
Accounts payable and accrued expenses | |||||||||||||||||||
-11,954 | 3,019 | 5,141 | -4,915 | 8,387 | 3,987 | 255 | -1,087 | 7,567 | -1,908 | 878 | -6,145 | 4,920 | 7,864 | 1,558 | -843 | -5,348 | -11,350 | 4,706 | -1,967 |
Deferred income | |||||||||||||||||||
-1,116 | -1,814 | 491 | 1,381 | 249 | -2,425 | -206 | -4,279 | -170 | -1,333 | -3,992 | 5,464 | -3,274 | -748 | 2,986 | -934 | 775 | 1,715 | -611 | 596 |
Income taxes receivable/payable | |||||||||||||||||||
-8,040 | 6,853 | -6,790 | -4,466 | 4,301 | -4,483 | -9,297 | 7,104 | 20,012 | -6,882 | -12,594 | 2,047 | -2,232 | -3,008 | -1,635 | -5,266 | 36,197 | 866 | -7,812 | -8,334 |
Net cash provided by operating activities | |||||||||||||||||||
176,911 | 97,615 | 122,352 | -109,209 | 132,211 | 76,206 | 134,831 | -118,974 | 109,933 | 72,995 | 128,674 | -60,955 | 100,210 | 113,218 | 106,368 | -67,776 | 48,028 | 22,738 | 47,444 | -106,489 |
Net cash provided by operating activities | |||||||||||||||||||
Purchases of investment securities | |||||||||||||||||||
102,503 | 16,064 | 75,015 | 157,097 | 98,023 | 22,433 | 20,095 | 6,418 | 76,484 | 72,277 | 41,483 | 19,075 | - | - | - | - | - | 2,033 | -207 | 974 |
Sales or maturities of investment securities | |||||||||||||||||||
58,202 | 9,695 | 23,248 | 249,479 | 14,139 | 8,053 | 9,188 | 200,080 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Purchase of investment securities | |||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | - | - | - |
Acquisition of business, net of cash acquired | |||||||||||||||||||
0 | 10,907 | 0 | -8,710 | 0 | 0 | 0 | 71,407 | 26 | -150 | 2,825 | 0 | - | - | - | - | 2,101 | 8,157 | 14,439 | 12,157 |
Receivables from affiliates | |||||||||||||||||||
0 | 0 | 0 | -170 | -1,604 | 843 | 892 | -30 | -1,625 | 1,551 | 2,228 | -999 | -2,715 | -269 | -429 | 19,908 | 690 | 30,495 | 63,423 | 131,184 |
Purchase of property and equipment | |||||||||||||||||||
3,751 | 2,691 | 6,839 | 7,441 | 2,190 | 1,337 | 2,176 | 1,023 | 1,538 | 652 | 2,311 | 3,218 | 1,591 | 4,756 | 622 | 7,454 | 4,598 | 2,230 | 1,586 | 971 |
Net cash (used in)/provided by investing activities | |||||||||||||||||||
-48,052 | -19,967 | -58,606 | 93,481 | -87,678 | -14,874 | -12,191 | 121,202 | -79,673 | -71,228 | -44,391 | -23,292 | -8,031 | -5,025 | -1,051 | 12,454 | -3,209 | 18,075 | 47,605 | 117,082 |
Cash flows from financing activities: | |||||||||||||||||||
Dividends paid | |||||||||||||||||||
19,551 | 18,894 | 19,323 | 22,887 | 16,644 | 16,710 | 16,731 | 16,843 | 12,597 | 14,590 | 12,407 | 12,487 | 19,413 | 10,389 | 10,419 | 15,072 | 8,909 | 8,913 | 95,560 | 915 |
Settlement of forward purchase contract | |||||||||||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 93,500 | 0 | 0 | 0 | 192,372 | 0 | 0 | 0 | 0 | - | - | - | - |
Share Repurchases | |||||||||||||||||||
- | - | - | - | - | - | - | - | 2,936 | 0 | 9,425 | 5,714 | 0 | 0 | 0 | 0 | - | - | - | - |
Other share repurchases | |||||||||||||||||||
- | 4,325 | 21,001 | 2,502 | - | 14,963 | 20,003 | 34,230 | - | 1 | -6 | 1,841 | 964 | 0 | 0 | 0 | - | - | - | - |
Payment, Tax Withholding, Share-based Payment Arrangement | |||||||||||||||||||
8 | 115 | 87 | 31,267 | 0 | 0 | 179 | 1,768 | 66 | 33,293 | 0 | 60 | - | - | - | 4,571 | - | - | - | - |
Earnouts paid | |||||||||||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,923 | 0 | 0 | 0 | 0 | -964 | 0 | 0 | 964 | 0 | 0 | 0 | 1,417 |
Stock subscriptions receivable redeemed | |||||||||||||||||||
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 124 | -1 | -1 | -1 | 126 | 0 | 0 | 2,300 | 420 |
Loans payable to former shareholders redeemed | |||||||||||||||||||
-208 | -8,843 | 8,487 | -90 | -2,524 | 1,535 | 140 | -140 | -386 | -581 | -1,373 | -106 | -106 | -316 | -10,247 | -587 | -774 | -2,273 | 0 | 0 |
Repayments of loans to affiliates | |||||||||||||||||||
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 15,000 | 7,500 | 7,500 | 7,500 | 7,500 | 0 | 0 | 0 | 0 |
Repayments of loans to non-affiliates | |||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 25,000 | 40,000 | 0 | 0 | 0 | 0 |
Borrowings from non-affiliates | |||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 65,000 | 0 | 0 | 0 | 0 |
Other financing activities | |||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 2 | 4,540 | -4,542 | -233 | -52 | 1,128 | -1,043 | 0 |
Net cash (used in) financing activities | |||||||||||||||||||
-20,875 | -25,563 | -48,955 | -56,746 | -17,246 | -33,508 | -36,980 | -148,404 | 75,283 | -50,186 | -22,952 | -227,456 | 143,976 | -6,869 | -53,138 | -3,801 | -9,735 | -8,260 | -94,303 | -1,912 |
Effects of exchange rate changes on cash and cash equivalents | |||||||||||||||||||
-4,346 | 4,403 | -6,273 | -1,539 | 2,059 | 980 | -2,305 | -9,437 | -2,498 | 241 | 804 | 2,238 | 2,926 | -3,786 | -2,084 | -1,074 | -842 | 1,597 | -656 | 344 |
Net increase/(decrease) in cash, cash equivalents, and restricted cash | |||||||||||||||||||
103,638 | 56,488 | 8,518 | -74,013 | 29,346 | 28,804 | 83,355 | -155,613 | 103,045 | -48,178 | 62,135 | -309,465 | 239,081 | 97,538 | 50,095 | -60,197 | 34,242 | 34,150 | 90 | 9,025 |
Supplemental disclosures of non-cash activities: | |||||||||||||||||||
Shares issued via vesting of liability classified awards | |||||||||||||||||||
102 | 0 | -4 | 6,457 | 50 | 4,955 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Shares redeemed via settlement of receivable from affiliate (note 3) | |||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 696 | 67 |
Fully depreciated assets written off | |||||||||||||||||||
- | - | - | 0 | - | - | - | 157 | 0 | 22 | 1 | 15 | 0 | 261 | 568 | 0 | 104 | 0 | 96 | 243 |
Fully amortized intangibles written off | |||||||||||||||||||
- | 0 | 0 | 0 | - | 0 | 0 | 8,272 | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Cash acquired through acquisitions | |||||||||||||||||||
0 | 5,249 | 0 | 10,506 | 0 | 0 | 0 | 16,141 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Cash paid during the year: | |||||||||||||||||||
Interest | |||||||||||||||||||
392 | 182 | 282 | 193 | 271 | 274 | 183 | 249 | 147 | 127 | 167 | 215 | 383 | 229 | 448 | 561 | 206 | 333 | 625 | 150 |
Taxes | |||||||||||||||||||
20,530 | 11,390 | 30,027 | 12,560 | 17,571 | 24,443 | 35,799 | 4,651 | 2,084 | 6,114 | 25,578 | 13,853 | 27,583 | 8,539 | 13,609 | 7,555 | 54,899 | 17,773 | 997 | 1,696 |