XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows - operating activities:    
Net (loss) income $ (8,024) $ 156,382
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation and amortization 23,220 21,391
Amortization of identifiable intangible assets 29,404 23,169
Provision for credit losses 4,957 851
Deferred income taxes (19,942) (920)
Excess tax benefits from share-based compensation (196) (593)
Non-cash expense for impairment of goodwill, identifiable intangible assets, and other long-lived assets 232,750 0
Non-cash share-based compensation expense 5,960 6,225
Other reconciling items 1,064 3,020
Changes in operating assets and liabilities, excluding the effect of businesses acquired 7,550 (251,723)
Net cash provided by (used in) operating activities 276,743 (42,198)
Cash flows - investing activities:    
Payments for acquisitions of businesses, net of cash acquired (3,194) (63,991)
Proceeds from sale or disposal of property, plant and equipment 824 1,326
Purchase of property, plant and equipment (25,951) (22,455)
Investments in and advances to unconsolidated entities 0 (794)
Distributions from unconsolidated entities 0 84
Net cash used in investing activities (28,321) (85,830)
Cash flows - financing activities:    
Proceeds from revolving credit facility 200,000 0
Repayments of revolving credit facility (250,000) 0
Proceeds from long-term debt 300,000 0
Repayments of long-term debt and debt issuance costs (257,549) (7,601)
Repayments of finance lease liabilities (2,354) (2,151)
Dividends paid to stockholders (8,888) (8,967)
Repurchase of common stock (99,048) 0
Taxes paid related to net share settlements of equity awards (2,550) (3,735)
Issuance of common stock under employee stock purchase plan 3,228 2,969
Payments for contingent consideration arrangements (4,070) (2,508)
Distributions to noncontrolling interests (70) (250)
Net cash used in financing activities (121,301) (22,243)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (4,701) (175)
Increase (decrease) in cash, cash equivalents, and restricted cash 122,420 (150,446)
Cash, cash equivalents, and restricted cash at beginning of year (1) [1] 359,920 366,214
Cash, cash equivalents, and restricted cash at end of period (2) [2] $ 482,340 $ 215,768
[1] Includes $1.1 million and $2.3 million of restricted cash classified as “Prepaid expenses and other” in the Consolidated Balance Sheets as of December 31, 2019 and 2018, respectively.
[2] Includes $0.9 million and $2.4 million of restricted cash classified as “Prepaid expenses and other” in the Consolidated Balance Sheets as of June 30, 2020 and 2019, respectively.