| 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 | |||||||||||
84,734 | 39,755 | 10,812 | 37,435 | 65,885 | 77,417 | 71,471 | 73,923 | 78,275 | 53,538 | 75,566 | 77,335 |
Adjustment to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
69,086 | 69,179 | 64,507 | 68,675 | 63,808 | 56,538 | 46,064 | 41,166 | 44,889 | 50,218 | 56,991 | 59,166 |
Amortization of contract acquisition costs | |||||||||||
1,002 | 3,015 | 1,678 | 659 | 900 | 856 | 1,160 | 1,017 | 1,680 | 5,267 | 3,450 | 2,384 |
Amortization of debt issuance costs | |||||||||||
1,083 | 992 | 745 | 753 | 712 | 705 | 659 | 808 | 589 | 672 | 596 | 0 |
Imputed interest expense and fair value adjustments to contingent consideration | |||||||||||
2,339 | 10,217 | 51 | -4,523 | 716 | -6,233 | 3,301 | 904 | 544 | 132 | 90 | - |
Provision for credit losses | |||||||||||
1,711 | 3,679 | 458 | 1,164 | 1,465 | 633 | 695 | 368 | 363 | 600 | 1,412 | 1,990 |
(Gain) loss on disposal of assets | |||||||||||
-189 | -111 | -3,694 | 44 | 166 | -141 | 0 | -305 | 415 | 617 | -1,603 | 305 |
Gain on sale of business | |||||||||||
0 | 0 | 908 | 0 | 0 | - | - | - | - | - | - | - |
Impairment losses | |||||||||||
3,735 | 1,452 | 5,322 | 32,050 | 8,100 | 373 | 1,205 | 2,958 | 230 | 1,958 | 4,587 | 2,018 |
Impairment of equity investment | |||||||||||
0 | 15,632 | 0 | 0 | - | - | - | - | - | - | - | - |
Gain (adjustment) on bargain purchase of a business | |||||||||||
0 | 685 | 0 | 0 | - | - | - | - | - | - | - | - |
Non-cash loss on assets held for sale reclassified to assets held and used | |||||||||||
0 | 1,616 | 0 | 2,700 | - | - | - | - | - | - | - | - |
Non-cash loss on assets held-for-sale | |||||||||||
- | - | - | 2,600 | 0 | 0 | - | - | - | - | - | - |
Deferred income taxes | |||||||||||
-1,376 | -7,975 | 16,777 | -1,583 | 9,317 | 9,514 | 6,892 | 2,354 | 1,658 | -3,030 | 6,066 | 752 |
Excess tax benefit from equity-based awards | |||||||||||
1,231 | 635 | 2,192 | 601 | 662 | 1,399 | 1,343 | 462 | 6,491 | 1,783 | 484 | 1,485 |
Equity-based compensation expense | |||||||||||
12,814 | 12,145 | 11,852 | 9,773 | 11,304 | 11,307 | 13,234 | 13,376 | 15,856 | 13,372 | 11,640 | 10,312 |
(Gain) loss on foreign currency derivatives | |||||||||||
140 | -1,524 | 681 | -1,710 | 1,469 | 1,548 | -234 | -414 | -1,073 | 128 | 192 | -1,942 |
Loss on deconsolidation of subsidiary, net of cash of zero, zero and $897, respectively | |||||||||||
- | - | - | - | - | - | 2,758 | 0 | 0 | - | - | - |
Gain on Newgen legal settlement, net of tax | |||||||||||
- | - | - | - | - | - | - | - | - | 3,542 | 0 | 0 |
Changes in assets and liabilities, net of acquisitions: | |||||||||||
Accounts receivable | |||||||||||
-29,608 | -29,985 | 59,284 | 7,858 | 19,867 | 41,005 | -7,291 | -400 | 5,789 | 87 | -27,258 | -17,668 |
Prepaids and other assets | |||||||||||
-27,413 | 30,438 | 19,266 | 92 | 5,379 | 5,300 | 5,374 | 25,664 | -3,578 | -17,664 | 8,651 | -8,658 |
Accounts payable and accrued expenses | |||||||||||
97,268 | 11,713 | 18,968 | -19,141 | 16,189 | -8,115 | -2,549 | -16,301 | -16,502 | 19,683 | -19,142 | -14,259 |
Deferred revenue and other liabilities | |||||||||||
-90,246 | 7,063 | 60,619 | -11,847 | -12,855 | 206 | -7,718 | 11,354 | -5,739 | -19,462 | -118 | -5,610 |
Net cash provided by operating activities | |||||||||||
237,989 | 168,345 | 113,152 | 111,830 | 137,998 | 94,090 | 137,979 | 106,920 | 113,799 | 134,455 | 160,672 | 160,566 |
Cash flows from investing activities | |||||||||||
Proceeds from grant for property, plant and equipment | |||||||||||
- | - | - | - | - | - | - | 110 | 357 | 0 | 785 | -4,276 |
Proceeds from sale of long-live assets | |||||||||||
382 | 34 | 39 | 114 | 202 | 135 | 0 | 450 | 2,034 | 0 | 0 | - |
Purchases of property, plant and equipment | |||||||||||
60,776 | 43,450 | 51,958 | 50,832 | 66,595 | 67,641 | 50,364 | 40,653 | 38,667 | 26,800 | 24,973 | 65,988 |
Proceeds from sale of business | |||||||||||
0 | 0 | 636 | 0 | 0 | - | - | - | - | - | - | - |
Investments in non-marketable equity investments | |||||||||||
0 | 2,119 | 1,384 | 3,179 | 9,000 | 0 | 0 | - | - | - | - | - |
Payment of contract acquisition costs | |||||||||||
- | - | - | - | - | - | - | - | 1,758 | 0 | 3,900 | 0 |
Settlement of foreign currency contracts for net investment hedging | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,727 | 0 |
Purchases of foreign currency option contracts | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 416 |
Investment in deconsolidated subsidiary | |||||||||||
- | - | - | - | - | - | - | - | - | 3,600 | 0 | 0 |
Deposit on pending acquisition | |||||||||||
- | - | - | - | - | - | - | - | 3,026 | 0 | 0 | - |
Acquisitions, net of cash acquired of $3,123 and zero, respectively | |||||||||||
102,457 | 2,027 | 116,320 | 46,460 | 1,776 | 24,416 | 9,166 | 40,839 | 45,871 | 12,798 | 0 | 0 |
Net cash used in investing activities | |||||||||||
-162,851 | -47,562 | -168,987 | -100,357 | -77,169 | -91,922 | -59,530 | -80,932 | -86,931 | -43,198 | -29,815 | -62,128 |
Cash flows from financing activities | |||||||||||
Proceeds from line of credit | |||||||||||
1,152,750 | 2,162,400 | 2,293,587 | 2,093,500 | 2,262,350 | 2,077,400 | 1,533,550 | 1,179,850 | 678,200 | 1,257,100 | 920,960 | 1,147,730 |
Payments on line of credit | |||||||||||
1,144,750 | 2,224,400 | 2,166,887 | 1,976,200 | 2,262,350 | 2,077,400 | 1,541,550 | 1,135,850 | 614,200 | 1,257,100 | 1,001,760 | 1,132,330 |
Proceeds from other debt | |||||||||||
- | - | - | - | - | - | 3,709 | 8,014 | 0 | 0 | - | - |
Payments on other debt | |||||||||||
11,855 | 5,989 | 6,041 | 3,222 | 3,222 | 4,504 | 5,789 | 4,900 | 2,099 | 3,749 | - | - |
Payments of contingent consideration and hold back payments to acquisitions | |||||||||||
5,902 | 1,349 | 1,409 | 9,467 | 11,883 | 8,547 | 0 | - | - | - | - | - |
Dividends paid to shareholders | |||||||||||
28,739 | 25,346 | 21,531 | 18,262 | 17,423 | 0 | 0 | - | - | - | - | - |
Payments to noncontrolling interest | |||||||||||
4,950 | 2,925 | 3,645 | 4,317 | 4,593 | 5,962 | 4,455 | 2,205 | 3,548 | 4,140 | 3,690 | 2,148 |
Capital contribution from noncontrolling interest | |||||||||||
3,362 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Payments on capital lease obligations and equipment financing | |||||||||||
- | - | - | - | - | - | - | - | - | - | 2,332 | 1,359 |
Purchase of mandatorily redeemable noncontrolling interest | |||||||||||
- | - | - | 4,105 | 0 | 0 | - | - | - | - | - | - |
Proceeds from exercise of stock options | |||||||||||
0 | 208 | 2,150 | 371 | 825 | 443 | 862 | 1,374 | 14,762 | 2,792 | 6,159 | 2,933 |
Tax payments related to issuance of restricted stock units | |||||||||||
5,471 | 4,643 | 5,397 | 3,933 | 4,248 | - | - | - | - | - | - | - |
Excess tax benefit from equity-based awards | |||||||||||
- | - | - | 601 | 662 | 1,399 | 1,343 | 462 | 6,491 | 1,783 | 484 | 309 |
Payments of debt issuance costs | |||||||||||
1,819 | 35 | 918 | 1,888 | 35 | 0 | 1,800 | 467 | 22 | 2,288 | 0 | 1,109 |
Purchase of treasury stock | |||||||||||
0 | 0 | 18,328 | 74,683 | 17,231 | 57,074 | 56,532 | 81,243 | 63,693 | 80,295 | 34,766 | 89,580 |
Net cash (used in) provided by financing activities | |||||||||||
-47,374 | -102,079 | 71,581 | -1,605 | -57,148 | -74,245 | -70,662 | -34,965 | 15,891 | -85,897 | -114,945 | -75,554 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | |||||||||||
-410 | -14,904 | 3,427 | -14,908 | -20,693 | -8,624 | -14,255 | 17,091 | -5,773 | 4,601 | 5,570 | -26,181 |
Increase (decrease) in cash, cash equivalents and restricted cash | |||||||||||
27,354 | 3,800 | 19,173 | -5,040 | -17,012 | -80,701 | -6,468 | 8,114 | 36,986 | 9,961 | 21,482 | -3,297 |
Supplemental disclosures | |||||||||||
Cash paid for interest | |||||||||||
13,108 | 17,456 | 11,727 | 6,976 | 6,052 | 5,404 | 4,220 | 4,412 | 4,013 | 2,217 | 2,775 | 4,098 |
Cash paid for income taxes | |||||||||||
36,316 | 39,984 | 18,813 | 19,741 | 15,178 | 14,545 | 16,757 | 16,388 | 24,336 | 15,593 | 24,543 | 21,196 |
Non-cash investing and financing activities | |||||||||||
Acquisition of long lived assets through finance leases | |||||||||||
3,731 | 15,018 | 9,836 | 584 | 10,492 | 696 | 0 | - | - | - | - | - |
Acquisition of equipment through increase in accounts payable, net | |||||||||||
881 | 339 | 97 | -681 | 386 | 4,170 | 2,762 | 0 | 0 | - | - | - |
Purchases of equipment through financing arrangements | |||||||||||
- | - | - | - | - | - | - | 6,100 | 0 | 186 | 3,971 | - |
Landlord incentives credited to deferred rent | |||||||||||
- | - | - | - | - | - | 1,016 | 1,723 | 0 | 810 | 165 | 0 |
Contract acquisition costs credited to accounts receivable | |||||||||||
- | - | - | - | 1,055 | 471 | 1,000 | 0 | 0 | - | - | - |
Grant income credited to property, plant and equipment | |||||||||||
- | - | - | - | - | - | - | - | 110 | 0 | 745 | 792 |
Recognition of asset retirement obligations | |||||||||||
- | - | - | - | - | - | - | - | 278 | 406 | 183 | 0 |
Acquisition of equipment through installment purchase agreements | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 |