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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 126,692 $ 129,008
Adjustments to reconcile net income to net cash provided by operating activities-    
Amortization of identifiable intangible assets 21,344 25,158
Depreciation expense 18,260 16,295
Change in right-of-use assets 10,884 10,444
Bad debt expense 2,027 1,116
Deferred tax provision (benefit) (55,300) 6,311
Amortization of debt financing costs 340 441
Gain on sale of assets (1,104) (706)
Changes in the fair value of contingent earn-out obligations 5,480 (3,973)
Stock-based compensation 8,248 6,430
(Increase) decrease in-    
Receivables, net (147,726) (179,871)
Inventories (5,992) (9,432)
Prepaid expenses and other current assets (3,423) 839
Costs and estimated earnings in excess of billings and unbilled accounts receivable (5,165) (1,184)
Other noncurrent assets (988) 23
Increase (decrease) in-    
Accounts payable and accrued liabilities 134,296 42,557
Billings in excess of costs and estimated earnings and deferred revenue 138,217 73,243
Other long-term liabilities 6,229 (8,407)
Net cash provided by operating activities 252,319 108,292
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (41,130) (20,215)
Proceeds from sales of property and equipment 2,086 1,559
Cash paid for acquisitions, net of cash acquired (53,404) (39,373)
Payments for investments (1,180) (1,236)
Net cash used in investing activities (93,628) (59,265)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 245,000 485,000
Payments on revolving credit facility (360,000) (345,000)
Payments on term loan   (120,000)
Payments on other debt (1,966) (7,821)
Payments on finance lease liabilities   (899)
Debt financing costs   (2,297)
Payments of dividends to stockholders (13,406) (9,699)
Share repurchase (6,776) (32,854)
Shares received in lieu of tax withholding (4,689) (3,247)
Proceeds from exercise of options 18
Deferred acquisition payments   (50)
Payments for contingent consideration arrangements (14,079) (1,807)
Net cash used in financing activities (155,898) (38,674)
NET INCREASE IN CASH AND CASH EQUIVALENTS 2,793 10,353
CASH AND CASH EQUIVALENTS, beginning of period 57,214 58,776
CASH AND CASH EQUIVALENTS, end of period $ 60,007 $ 69,129