| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net income | |||||||||||
107,171 | 201,740 | 135,153 | 74,805 | 70,949 | 51,558 | 69,110 | 67,953 | 58,178 | 43,458 | 34,265 | 59,245 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
116,887 | 83,910 | 62,173 | 44,712 | 37,042 | 29,380 | 21,302 | 21,575 | 16,340 | 8,572 | 8,199 | 7,369 |
Impairment of software | |||||||||||
- | - | - | - | - | 11,881 | - | - | - | - | - | - |
Impairment of trade name | |||||||||||
- | - | - | - | - | - | 2,904 | - | - | - | - | - |
Deferred taxes | |||||||||||
-1,821 | -39,499 | 41,351 | -13,801 | -16,378 | -24,501 | -16,438 | -8,786 | -18,821 | -9,545 | 5,519 | 9,294 |
Compensation expense related to share-based compensation plans | |||||||||||
16,286 | 13,480 | 9,873 | 8,479 | 7,833 | 8,258 | 7,667 | 6,539 | 4,788 | 3,576 | 4,394 | 4,360 |
Contingent consideration adjustment | |||||||||||
- | -4,703 | - | - | - | - | - | - | - | - | - | - |
Loss (gain) on sale of assets | |||||||||||
745 | 1,007 | -441 | 573 | 129 | 46 | 167 | -108 | 17 | -85 | -50 | 22 |
Excess tax benefits from share based compensation | |||||||||||
- | - | - | 733 | 81 | - | 13 | 29 | - | - | - | - |
Gain on Disposition | |||||||||||
- | 132,448 | - | - | - | - | - | - | - | - | - | - |
Transaction costs for Disposition | |||||||||||
- | -5,798 | - | - | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||||
Restricted investments | |||||||||||
3,365 | -827 | 3,304 | -231 | -836 | 1,190 | 3,536 | 2,895 | 724 | 1,838 | 3,465 | 912 |
Accounts receivable, net | |||||||||||
-32,732 | 31,475 | 84,775 | 87,629 | -36,373 | 28,621 | 25,420 | 22,429 | 45,047 | 46,582 | 1,569 | -15,092 |
Prepaid taxes | |||||||||||
14 | -11,472 | 11,794 | -66 | -14,575 | 14,533 | 308 | -2,253 | 2,097 | -298 | 470 | 37 |
Prepaid expenses and other current assets | |||||||||||
-3,447 | 1,750 | 7,543 | -1,099 | 3,401 | 1,621 | 2,137 | 1,562 | 1,728 | -233 | 2,455 | 28 |
Other assets | |||||||||||
3,786 | 8,029 | -56 | -570 | 805 | 2,047 | 682 | -459 | 33 | -298 | 72 | 374 |
Accounts payable | |||||||||||
-14,933 | 5,521 | 59,037 | 35,709 | -25,736 | 20,370 | 27,635 | 7,438 | 23,095 | 12,822 | 7,150 | -18,532 |
Accrued expenses | |||||||||||
-122 | 43,476 | -2,931 | 9,238 | 20,505 | 367 | 1,736 | 2,779 | 2,989 | 5,277 | -8,603 | -13,040 |
Non-current liabilities | |||||||||||
-870 | -3,876 | 10,185 | 2,698 | -2,642 | 284 | 2,888 | 1,942 | 301 | 1,910 | 2,285 | -908 |
Net cash provided by operating activities | |||||||||||
254,509 | 210,839 | 125,220 | 102,473 | 171,697 | 98,541 | 117,417 | 92,917 | 74,866 | 37,654 | 45,228 | 61,507 |
Cash flows from investing activities: | |||||||||||
Proceeds from sale of equipment | |||||||||||
10,025 | 10,975 | 5,327 | 2,061 | 2,309 | 612 | 1,837 | 1,071 | 410 | 988 | 84 | 1,342 |
Purchases of property and equipment | |||||||||||
94,847 | 199,791 | 74,541 | 107,409 | 83,042 | 119,171 | 110,917 | 56,882 | 55,010 | 25,616 | 4,246 | 10,732 |
Acquisitions, net of cash acquired | |||||||||||
734 | 248,656 | 165,933 | - | - | - | - | 550 | 85,182 | 170 | 0 | 5,000 |
Proceeds from the disposition of discontinued operations | |||||||||||
19,439 | 227,986 | - | - | - | - | - | - | - | - | - | - |
Net cash (used in) provided by investing activities | |||||||||||
-66,117 | -209,486 | -235,147 | -105,348 | -80,733 | -118,559 | -109,080 | -56,361 | -139,782 | -24,798 | -4,162 | -14,390 |
Cash flows from financing activities: | |||||||||||
Proceeds from issuance of debt | |||||||||||
56,494 | 172,146 | 98,544 | 62,155 | 64,442 | 91,084 | 9,120 | - | - | - | - | - |
Repayments of long-term debt | |||||||||||
105,653 | 133,436 | 79,869 | 34,767 | 23,217 | 7,251 | 874 | - | - | - | - | - |
Proceeds from stock options exercised | |||||||||||
- | - | - | - | - | - | 41 | 69 | 86 | 46 | 256 | 407 |
Stock withheld for payments of withholding taxes | |||||||||||
3,984 | 4,270 | 3,412 | 2,489 | 2,916 | 3,195 | 2,634 | 1,812 | 1,523 | - | - | - |
Purchase of treasury stock | |||||||||||
24,998 | - | - | 100,000 | 28,823 | 18,024 | 13,791 | 11,208 | - | 25,070 | 1,101 | 2,630 |
Finance lease payments | |||||||||||
2,954 | 2,889 | 2,800 | 2,634 | 2,534 | 2,449 | 2,329 | 2,454 | 729 | - | - | - |
Excess tax benefits from share based compensation | |||||||||||
- | - | - | 372 | 195 | 652 | 336 | 523 | 1,034 | 434 | 852 | 2,903 |
Payment of debt issuance costs | |||||||||||
- | - | 1,397 | - | - | - | - | - | - | - | - | - |
Net cash provided by (used in) financing activities | |||||||||||
-81,095 | 31,551 | 11,066 | -77,363 | 7,147 | 60,817 | -10,131 | -14,882 | -1,132 | -24,590 | 7 | 680 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
-3 | -26 | 14 | -107 | -131 | 6 | -2 | -5 | -5 | 15 | -9 | 0 |
Net increase in cash and cash equivalents | |||||||||||
107,294 | 32,878 | -98,847 | -80,345 | 97,980 | 40,805 | -1,796 | 21,669 | -66,053 | -11,719 | 41,064 | 47,797 |
Supplemental disclosures of cash paid for: | |||||||||||
Interest | |||||||||||
11,262 | 9,677 | 6,162 | 3,665 | 2,977 | 1,532 | 1,201 | 1,200 | 541 | 54 | 91 | 102 |
Income taxes | |||||||||||
40,289 | 13,606 | 13,149 | 33,233 | 6,990 | 20,189 | 29,728 | 28,638 | 18,629 | 16,031 | 17,263 | 27,199 |