v3.20.4
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:      
Net income and comprehensive income from continuing operations $ 52,767 $ 82,322 $ 88,563
Adjustments to reconcile net income of continuing operations to net cash provided by operating activities of continuing operations:      
Depreciation and amortization 37,125 36,394 35,831
Change in fair value of earn-out liability 379 (33) (455)
Share-based compensation 11,033 11,715 10,191
Provision for revenue adjustments 4,751 3,339 3,624
Deferred income tax provision 772 7,089 7,590
Other 587 1,497 (189)
Changes in operating assets and liabilities, net of effects from the purchase of acquired companies:      
Accounts receivable (25,739) 653 (8,702)
Prepaid expenses, other current assets and other assets (9,424) (4,662) (3,754)
Accounts payable, accrued expenses and other long-term liabilities 23,854 7,212 9,703
Net cash provided by operating activities of continuing operations 96,105 145,526 142,402
Investing activities:      
Proceeds from sale of property and equipment 2,413 2,661 6,969
Purchases of property and equipment (20,268) (22,007) (39,564)
Purchase of businesses, net of cash acquired (63,651) (39,000) (19,987)
Other     357
Net cash used in investing activities of continuing operations (81,506) (58,346) (52,225)
Financing activities:      
Repayments of finance lease obligations (1,446) (946) (302)
Repayments of senior credit facility (20,000)    
Proceeds from senior credit facility 65,000 20,000 7,000
Proceeds from issuance of common stock upon stock option exercises 4,237 4,050 3,921
Payment of earn-out liability (5,284)    
Payments of dividends to stockholders (20,869) (20,494) (18,427)
Repurchases and retirement of common stock (45,248) (56,204) (66,126)
Common stock issued under employee stock purchase plan 664 614 479
Payment of minimum tax withholdings on share-based awards (3,508) (3,032) (1,872)
(Distributions to) contributions from subsidiary held for sale (12,640) (7,924) (6,914)
Net cash used in financing activities of continuing operations (39,094) (48,088) (68,413)
Net (decrease) increase in cash of continuing operations (24,495) 39,092 21,764
Cash from discontinued operation:      
Net cash (used in) provided by operating activities of discontinued operation (11,439) 13,472 10,152
Net cash used in investing activities of discontinued operation (1,201) (5,548) (3,238)
Net cash provided by (used in) financing activities of discontinued operation 12,640 (7,924) (6,914)
(Decrease) increase in cash and cash equivalents (24,495) 39,092 21,764
Cash and cash equivalents at beginning of period of continuing operations 64,749 25,657 3,893
Cash at beginning of period of discontinued operation 0 0 0
Cash and cash equivalents at end of period of continuing operations $ 40,254 $ 64,749 $ 25,657

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