| 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 | ||||||||||
37,024 | 35,080 | 39,096 | 26,793 | 24,918 | 19,365 | 22,852 | 21,294 | 20,552 | 23,687 | 24,024 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
26,927 | 25,224 | 25,882 | 26,046 | 25,541 | 18,770 | 20,016 | 21,162 | 15,099 | 8,937 | 7,622 |
Deferred taxes | ||||||||||
-505 | -1,371 | -10,534 | -1,146 | 84 | 3,083 | - | - | - | - | - |
Deferred taxes | ||||||||||
- | - | - | - | - | - | -874 | -1,253 | 1,283 | -728 | 558 |
Stock-based compensation | ||||||||||
3,264 | 3,027 | 3,068 | 2,109 | 2,081 | 1,739 | 1,576 | 1,076 | 1,427 | 1,705 | 1,235 |
Gain on sale of property and equipment | ||||||||||
- | - | - | - | - | - | - | 0 | 0 | - | 157 |
Gain on sale of contract | ||||||||||
0 | 1,700 | 0 | 0 | - | - | - | - | - | - | - |
Earn-out obligation adjustment | ||||||||||
1,900 | 0 | 0 | - | - | - | - | - | - | - | - |
Earn-out obligation adjustment | ||||||||||
- | - | - | 1,329 | -426 | -3,059 | -183 | 4,337 | 2,486 | 0 | 0 |
Impairment of goodwill and intangible assets | ||||||||||
- | - | - | - | - | - | 790 | 8,953 | 0 | 0 | - |
Changes in operating assets and liabilities, net of impact of acquisitions: | ||||||||||
Excess tax benefits on stock-based compensation | ||||||||||
- | - | - | - | - | - | - | - | - | - | -497 |
Receivables | ||||||||||
3,331 | 3,754 | 91 | 12,166 | 8,139 | -18,996 | -14,130 | -25,051 | -51,323 | -26,061 | -31,532 |
Unbilled receivables | ||||||||||
4,593 | -4,706 | -2,972 | 10,581 | - | - | - | - | - | - | - |
Inventories | ||||||||||
44,219 | 35,558 | -3,749 | 27,217 | 10,381 | 10,048 | -2,240 | -435 | 4,758 | 0 | 0 |
Other current assets and noncurrent assets | ||||||||||
7,405 | -4,789 | -3,681 | 13,020 | -6,031 | 627 | 3,798 | -5,938 | 3,420 | 4,396 | -949 |
Accounts payable and deferred compensation | ||||||||||
7,725 | -7,405 | -23,587 | 54,743 | -362 | -1,224 | 1,922 | -17,279 | -31,596 | -35,682 | -43,145 |
Accrued expenses and other current liabilities | ||||||||||
- | - | - | - | 1,919 | -1,024 | -597 | -1,719 | -12,745 | -1,571 | 2,126 |
Accrued expenses and other current and noncurrent liabilities | ||||||||||
1,207 | -2,515 | 7,562 | 4,253 | - | - | - | - | - | - | - |
Long-term lease obligations | ||||||||||
0 | 1,668 | 1,378 | 1,292 | 1,275 | 1,107 | 1,826 | 506 | 91 | 42 | -378 |
Earn-out obligations | ||||||||||
- | - | - | - | 3,269 | 0 | 0 | - | - | - | - |
Other liabilities | ||||||||||
- | - | - | - | - | -1,267 | -16 | 992 | 108 | -14 | -240 |
Net cash provided by operating activities | ||||||||||
17,994 | 18,855 | 50,420 | 47,193 | 37,574 | 49,715 | 56,598 | 59,807 | 34,696 | 17,957 | 24,385 |
Cash flows from investing activities: | ||||||||||
Purchases of property and equipment | ||||||||||
9,630 | 3,117 | 3,743 | 6,546 | 10,562 | 3,414 | 4,416 | 20,863 | 6,635 | 4,805 | 8,775 |
Proceeds from the sale of property and equipment | ||||||||||
4 | 122 | 732 | 143 | 507 | 0 | 0 | - | - | - | 141 |
Proceeds from the sale of contract | ||||||||||
0 | 1,700 | 0 | 0 | - | - | - | - | - | - | - |
Cash paid for acquisitions, net of cash acquired | ||||||||||
113,181 | 0 | 0 | 63 | 195,135 | 0 | 0 | 4,607 | 174,945 | 30,204 | 0 |
Earn-out obligation payments | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,646 |
Net cash provided by (used in) investing activities | ||||||||||
-122,807 | -1,295 | -3,011 | -6,466 | -205,190 | -3,414 | -4,416 | -25,470 | -181,580 | -35,009 | -10,280 |
Cash flows from financing activities: | ||||||||||
Borrowings on loan agreement | ||||||||||
752,259 | 539,471 | 348,675 | 321,630 | 519,313 | 295,513 | 290,137 | 269,388 | 471,303 | 174,926 | 204,649 |
Repayments on loan agreement | ||||||||||
642,193 | 550,436 | 391,285 | 340,046 | 333,222 | 336,601 | 340,627 | 293,409 | 324,848 | 157,148 | 211,325 |
Earn-out obligation payments | ||||||||||
- | - | - | 18,515 | 11,713 | 1,972 | 180 | 6,787 | 1,384 | 1,845 | - |
Payment of debt financing costs | ||||||||||
0 | 1,702 | 0 | 0 | - | - | - | - | - | - | - |
Payment of debt financing costs | ||||||||||
- | - | - | - | 2,699 | 0 | 0 | 0 | 1,747 | 0 | 0 |
Payments on financing lease obligations | ||||||||||
- | - | - | - | 986 | - | - | - | - | - | - |
Payments on financing lease obligations | ||||||||||
0 | 1,452 | 1,287 | 1,128 | - | 850 | 725 | - | - | - | - |
Payments of taxes for equity transactions | ||||||||||
955 | 641 | 500 | 499 | 342 | 314 | 257 | - | - | - | - |
Payments on capital lease obligations | ||||||||||
- | - | - | - | - | - | - | 562 | 0 | 0 | - |
Payments of taxes for equity transactions | ||||||||||
- | - | - | - | - | - | - | 332 | 393 | - | - |
Dividends paid | ||||||||||
3,726 | 3,262 | 2,816 | 2,481 | 2,258 | 2,034 | 1,811 | 1,585 | 1,360 | 1,141 | 974 |
Excess tax benefits on stock-based compensation | ||||||||||
- | - | - | - | - | - | - | - | - | - | -497 |
Proceeds from the exercise of stock options | ||||||||||
- | - | - | - | - | - | - | - | - | - | 434 |
Net cash (used in) provided by financing activities | ||||||||||
105,385 | -18,022 | -47,213 | -41,039 | 168,093 | -46,258 | -53,463 | -33,287 | 141,571 | 14,792 | -6,719 |
Net increase in cash and cash equivalents | ||||||||||
572 | -462 | 196 | - | - | - | - | - | - | - | - |
Net (decrease) increase in cash and cash equivalents | ||||||||||
- | - | - | -312 | 477 | 43 | -1,281 | 1,050 | -5,313 | -2,260 | 7,386 |
Cash paid for: | ||||||||||
Interest | ||||||||||
13,468 | 7,523 | 7,606 | 8,230 | - | - | - | - | - | - | - |
Interest | ||||||||||
- | - | - | - | 6,621 | 2,135 | 4,192 | 5,512 | 3,149 | 359 | 119 |
Income taxes | ||||||||||
11,645 | 9,534 | 16,346 | 18,886 | 15,949 | 9,934 | 15,638 | 10,686 | 12,625 | 15,466 | 15,729 |