| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net income | ||||||||||
64,081 | 48,926 | 32,216 | 62,390 | 68,597 | 57,791 | 37,260 | 28,423 | 48,341 | -10,273 | 43,211 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation | ||||||||||
52,149 | 57,817 | 56,482 | 49,600 | 44,515 | 46,255 | 43,094 | 41,570 | 47,806 | - | - |
Amortization of intangibles | ||||||||||
16,639 | 15,542 | 21,082 | 19,377 | 14,170 | 14,396 | 14,863 | 10,479 | 7,961 | - | - |
Amortization of deferred grants | ||||||||||
-351 | -657 | -716 | -845 | -973 | -1,348 | -1,148 | -1,201 | -2,300 | - | - |
Impairment losses | ||||||||||
1,711 | 9,401 | 5,410 | - | - | - | - | 355 | 2,561 | 4,324 | 3,997 |
Depreciation and amortization, net | ||||||||||
- | - | - | - | - | - | - | - | - | 57,932 | 28,323 |
Unrealized foreign currency transaction (gains) losses, net | ||||||||||
2,304 | 843 | 4,671 | 1,104 | -318 | -119 | -6,302 | -2,131 | -1,216 | 4,918 | -4,372 |
Stock-based compensation expense | ||||||||||
7,396 | 7,543 | 7,621 | 10,779 | 8,749 | 6,381 | 4,873 | 3,467 | 3,582 | 4,935 | 5,158 |
Excess tax (benefit) from stock-based compensation | ||||||||||
- | - | - | - | - | - | - | - | - | 354 | 878 |
Deferred income tax provision (benefit) | ||||||||||
282 | -1,509 | 7,908 | 2,339 | 2,515 | 4,865 | -362 | -4,867 | -3,955 | -17,142 | 10,165 |
Net (gain) loss on disposal of property and equipment | ||||||||||
-383 | -312 | -474 | -314 | -381 | 2,030 | -201 | -391 | 3,035 | -232 | -197 |
Bad debt expense (reversals) | ||||||||||
- | - | - | - | - | -181 | 483 | 1,115 | 532 | 170 | 1,022 |
Write-downs (recoveries) of value added tax receivables | ||||||||||
- | - | - | -148 | - | -638 | 143 | - | - | - | - |
Unrealized (gains) losses and premiums on financial instruments, net | ||||||||||
1,059 | -805 | 98 | -521 | -1,028 | -2,352 | 15 | 1,361 | -4,138 | 1,479 | 437 |
Foreign exchange (gain) loss on liquidation of foreign entities | ||||||||||
- | - | - | - | -720 | -113 | 83 | - | - | - | - |
(Recovery) of regulatory penalties | ||||||||||
- | - | - | - | - | - | - | - | 407 | 418 | - |
Increase (decrease) in valuation allowance on deferred tax assets | ||||||||||
- | - | - | - | - | - | - | - | - | - | 5,807 |
Amortization of deferred loan fees | ||||||||||
283 | 269 | 269 | 269 | 403 | 259 | 259 | 368 | 585 | 2,918 | 268 |
Net (gain) on insurance settlement | ||||||||||
1,133 | - | - | - | 919 | - | - | - | - | 1,991 | - |
Proceeds from business interruption insurance settlement | ||||||||||
- | - | - | - | 156 | - | - | - | - | - | - |
Imputed interest expense and fair value adjustments to contingent consideration | ||||||||||
- | - | -529 | -1,496 | 408 | - | - | - | - | - | - |
Loss on sale of discontinued operations | ||||||||||
- | - | - | - | - | - | - | -10,707 | 559 | -29,901 | 0 |
Other | ||||||||||
-950 | -834 | 34 | 37 | -172 | 10 | 116 | -294 | -300 | -428 | -441 |
Changes in assets and liabilities, net of acquisitions: | ||||||||||
Receivables, net | ||||||||||
40,239 | 8,224 | 10,154 | 32,905 | -2,499 | 40,276 | 22,062 | 6,771 | -8,927 | 10,716 | 9,262 |
Prepaid expenses | ||||||||||
284 | 1,690 | 221 | 3,587 | 3,040 | -336 | 3,931 | -694 | 1,042 | -3,465 | 719 |
Other current assets | ||||||||||
138 | 693 | 1,433 | 3,398 | 6,972 | 6,673 | 1,177 | -1,705 | 3,442 | 4,797 | -46 |
Deferred charges and other assets | ||||||||||
12,197 | 13,621 | 930 | 1,286 | -1,951 | -3,545 | 2,754 | 18,388 | -1,630 | -2,740 | 2,045 |
Accounts payable | ||||||||||
2,099 | -1,571 | 7,286 | -2,938 | -124 | 2,029 | -1,282 | -1,589 | -6,898 | -2,174 | -2,186 |
Income taxes receivable / payable | ||||||||||
-81 | -1,066 | 1,137 | 4,999 | -5,666 | 2,609 | 804 | 1,555 | -4,529 | -6,180 | 6,462 |
Accrued employee compensation and benefits | ||||||||||
9,409 | -6,418 | 5,101 | 15,699 | -1,481 | 5,179 | 9,140 | 4,872 | 2,450 | -6,601 | 2,654 |
Other accrued expenses and current liabilities | ||||||||||
3,465 | 449 | -5,548 | 5,090 | -1,564 | -5,026 | -2,025 | 11,476 | -2,855 | 9,329 | 1,336 |
Deferred revenue and customer liabilities | ||||||||||
-4,521 | -1,623 | -5,866 | 6,343 | - | - | - | - | - | - | - |
Deferred revenue | ||||||||||
- | - | - | - | -2,559 | 2,147 | 2,826 | -163 | 4,243 | 258 | -679 |
Other long-term liabilities | ||||||||||
3,909 | 5,111 | 20,003 | 2,850 | -2,398 | 2,070 | 925 | 1,252 | -2,636 | -4,527 | 1,973 |
Operating lease assets and liabilities | ||||||||||
834 | - | - | - | - | - | - | - | - | - | - |
Net cash provided by operating activities | ||||||||||
101,283 | 109,094 | 134,789 | 132,826 | 120,886 | 94,264 | 86,218 | 86,514 | 102,614 | 45,062 | 87,612 |
Cash flows from investing activities: | ||||||||||
Capital expenditures | ||||||||||
38,698 | 46,884 | 63,344 | 78,342 | 49,662 | 44,683 | 59,193 | 38,647 | 29,890 | 28,516 | 30,277 |
Cash paid for business acquisitions, net of cash acquired | ||||||||||
3,133 | 78,395 | 9,075 | 205,324 | 9,370 | - | - | 147,094 | - | 77,174 | - |
Proceeds from sale of property and equipment | ||||||||||
- | - | - | - | - | 3,639 | 388 | 240 | 3,973 | 49 | 216 |
Investment in restricted cash | ||||||||||
- | - | - | - | - | 7 | 562 | 67 | 494 | 187 | 80,002 |
Release of restricted cash | ||||||||||
- | - | - | - | - | 160 | - | 356 | 396 | 80,000 | 839 |
Cash divested on sale of discontinued operations | ||||||||||
- | - | - | - | - | - | - | 9,100 | - | 14,462 | - |
Proceeds from property and equipment insurance settlement | ||||||||||
1,190 | - | - | - | 1,490 | - | - | 228 | 1,654 | 1,991 | - |
Net investment hedge settlement | ||||||||||
- | - | 5,122 | -10,339 | - | - | - | - | - | - | - |
Purchase of intangible assets | ||||||||||
292 | 8,156 | 4,825 | 10 | - | - | - | - | - | - | - |
Investment in equity method investees | ||||||||||
- | 5,000 | 5,012 | - | - | - | - | - | - | - | - |
Other | ||||||||||
-346 | -1,495 | -101 | -582 | -584 | - | - | - | - | - | - |
Net cash (used for) investing activities | ||||||||||
-40,587 | -136,940 | -87,277 | -272,755 | -56,958 | -40,891 | -59,367 | -194,084 | -24,361 | -38,299 | -109,224 |
Cash flows from financing activities: | ||||||||||
Payments of long-term debt | ||||||||||
58,000 | 231,000 | - | 19,000 | 10,000 | 23,000 | 25,000 | 22,000 | - | 75,000 | - |
Proceeds from issuance of long-term debt | ||||||||||
29,000 | 58,000 | 8,000 | 216,000 | 5,000 | - | 32,000 | 113,000 | - | 75,000 | - |
Proceeds from issuance of common stock | ||||||||||
- | - | - | - | - | - | 59 | - | 311 | 37 | 3,168 |
Excess tax benefit from stock-based compensation | ||||||||||
- | - | - | - | - | - | - | - | - | 354 | 878 |
Cash paid for repurchase of common stock | ||||||||||
30,281 | - | - | 11,144 | 20,879 | 12,581 | 5,479 | 7,908 | 49,993 | 5,212 | 3,193 |
Proceeds from grants | ||||||||||
- | 31 | 163 | 202 | 670 | 256 | 201 | 88 | -225 | 148 | 3,491 |
Payments of short-term debt | ||||||||||
- | - | - | - | 323 | - | - | - | - | 85,000 | - |
Proceeds from short-term debt | ||||||||||
- | - | - | - | - | - | - | - | - | - | 75,000 |
Shares repurchased for tax withholding on equity awards | ||||||||||
3,214 | 3,687 | 3,882 | 4,916 | 3,326 | 437 | 227 | 1,412 | 1,190 | 1,282 | 1,080 |
Cash paid for loan fees related to long-term debt | ||||||||||
1,098 | - | - | - | 962 | - | - | 857 | - | 3,035 | 1,427 |
Payments of contingent consideration related to acquisitions | ||||||||||
- | - | 5,760 | 1,396 | - | - | - | - | - | - | - |
Other | ||||||||||
- | - | - | - | - | - | - | - | -8 | - | - |
Net cash (used for) financing activities | ||||||||||
-63,593 | -176,656 | -1,479 | 179,746 | -29,820 | -35,762 | 1,554 | 80,911 | -51,105 | -93,990 | 76,837 |
Effects of exchange rates on cash, cash equivalents and restricted cash | ||||||||||
1,851 | -10,072 | 31,178 | -8,468 | -13,887 | -14,459 | -3,742 | 2,859 | -5,855 | -2,797 | 5,578 |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||||||
-1,046 | -214,574 | 77,211 | 31,349 | 20,221 | 3,152 | 24,663 | -23,800 | 21,293 | -90,024 | 60,803 |
Supplemental disclosures of cash flow information: | ||||||||||
Cash paid during period for interest | ||||||||||
3,500 | 3,888 | 6,680 | 4,003 | 1,476 | 1,716 | 2,149 | 2,239 | 1,065 | 2,924 | 1,008 |
Cash paid during period for income taxes | ||||||||||
24,049 | 19,587 | 24,342 | 18,764 | 30,467 | 16,560 | 16,889 | 28,822 | 24,631 | 20,577 | 14,660 |
Non-cash transactions: | ||||||||||
Property and equipment additions in accounts payable | ||||||||||
5,970 | 1,944 | 6,056 | 10,692 | 4,941 | 5,512 | 6,002 | 3,782 | 2,434 | 2,317 | 1,612 |
Unrealized gain (loss) on postretirement obligation, net of taxes, in accumulated other comprehensive income (loss) | ||||||||||
-48 | 80 | 80 | 67 | 75 | -28 | 181 | -36 | -113 | -70 | 276 |
Issuance of common stock for business acquisition | ||||||||||
- | - | - | - | - | - | - | - | - | 136,673 | - |