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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows - operating activities:      
Net income including noncontrolling interests $ 406,122 $ 383,701 $ 132,943
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 47,296 48,347 46,721
Amortization of identifiable intangible assets 61,315 64,089 59,950
Provision for credit losses 5,166 8,041 3,269
Deferred income taxes 10,483 9,517 (36,354)
Gain on sale or disposal of property, plant and equipment (6,393) (782) (122)
Excess tax benefits from share-based compensation (1,654) (828) (191)
Equity (income) loss from unconsolidated entities (391) 1,170 (14)
Non-cash expense for amortization of debt issuance costs 960 960 998
Non-cash expense from contingent consideration arrangements 1,610 1,810 649
Non-cash expense for impairment of goodwill, identifiable intangible assets, and other long-lived assets 0 0 232,750
Non-cash share-based compensation expense 12,125 11,107 11,151
Distributions from unconsolidated entities 400 44 0
Changes in operating assets and liabilities, excluding the effect of businesses acquired:      
(Increase) decrease in accounts receivable (340,091) (246,856) 139,377
Increase in inventories (31,541) (116) (12,709)
(Increase) decrease in contract assets (44,725) (50,648) 7,829
Increase (decrease) in accounts payable 111,488 54,849 (9,022)
Increase in contract liabilities 299,897 44,713 85,142
(Decrease) increase in accrued payroll and benefits and other accrued expenses and liabilities (30,025) 46,573 113,835
Changes in other assets and liabilities, net (4,109) (56,874) 30,164
Net cash provided by operating activities 497,933 318,817 806,366
Cash flows - investing activities:      
Payments for acquisitions of businesses, net of cash acquired (98,656) (118,239) (50,357)
Proceeds from sale or disposal of property, plant and equipment 7,145 2,754 3,463
Purchases of property, plant and equipment (49,289) (36,192) (47,969)
Investments in and advances to unconsolidated entities 0 (1,595) 0
Distributions from unconsolidated entities 0 196 0
Net cash used in investing activities (140,800) (153,076) (94,863)
Cash flows - financing activities:      
Proceeds from revolving credit facility 270,000 0 200,000
Repayments of revolving credit facility (270,000) 0 (250,000)
Proceeds from long-term debt 0 0 300,000
Repayments of long-term debt and debt issuance costs (13,875) (13,875) (286,987)
Repayments of finance lease liabilities (3,551) (4,189) (4,470)
Dividends paid to stockholders (27,187) (28,163) (17,674)
Repurchases of common stock (660,609) (195,546) (112,553)
Taxes paid related to net share settlements of equity awards (7,539) (4,210) (2,640)
Issuances of common stock under employee stock purchase plan 8,177 7,328 6,557
Payments for contingent consideration arrangements (5,534) (6,758) (4,070)
Distributions to noncontrolling interests 0 (43) (70)
Net cash used in financing activities (710,118) (245,456) (171,907)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (12,515) (1,279) 4,046
(Decrease) increase in cash, cash equivalents, and restricted cash (365,500) (80,994) 543,642
Cash, cash equivalents, and restricted cash at beginning of year (1) [1] 822,568 903,562 359,920
Cash, cash equivalents, and restricted cash at end of period (1) [1] $ 457,068 $ 822,568 $ 903,562
[1] Includes $0.6 million, $1.2 million, $0.7 million, and $1.1 million of restricted cash classified as “Prepaid expenses and other” in the Consolidated Balance Sheets as of December 31, 2022, 2021, 2020, and 2019, respectively.