v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities:    
Net income $ 18,407 $ 17,741
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 10,827 10,690
Share-based compensation 3,047 2,261
(Gain) loss on disposal of property and equipment (61) 82
Provision for loss on receivables 629 134
Provision for revenue adjustments 540 817
Deferred income tax expense 836 3,713
Changes in operating assets and liabilities    
Accounts receivable 4,567 805
Prepaid expenses and other current assets 2,699 2,715
Income taxes 4,631 1,768
Accounts payable and accrued expenses (4,596) 87
Net cash provided by operating activities 41,526 40,813
Investing activities:    
Proceeds from disposal of property and equipment 407 644
Purchases of property and equipment (4,090) (6,221)
Other (6) (91)
Net cash used in investing activities (3,689) (5,668)
Financing activities:    
Payments of debt and capital lease obligations (68) (74)
Proceeds from exercise of stock options 830 0
Payments of cash dividends (5,189) (4,413)
Repurchase of common stock (repurchase program) (14,181) (19,993)
Cash settlement of share-based awards for minimum tax withholdings (2,721) (1,823)
Net cash used in financing activities (21,329) (26,303)
Net increase in cash 16,508 8,842
Cash at beginning of period 25,657 3,893
Cash at end of period $ 42,165 $ 12,735

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