XML 19 R8.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 4,556 $ (10,352)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation 10,708 11,752
Amortization 56,278 57,762
Amortization of operating lease right-of-use assets 5,000 8,801
Amortization of deferred debt issuance costs 2,357 2,416
Deferred income taxes (9,558) (4,742)
Stock-based compensation expense 14,423 14,882
Other 436 1,772
Changes in operating assets and liabilities:    
Receivables 76,754 29,053
Accounts payable (2,540) 6,287
Accrued employee compensation (8,401) 8,177
Deferred revenue 297 22,236
Other current and noncurrent assets and liabilities (42,094) (22,515)
Net cash flows from operating activities 108,216 125,529
Cash flows from investing activities:    
Purchases of property and equipment (8,075) (10,615)
Purchases of software and distribution rights (15,652) (15,057)
Net cash flows from investing activities (23,727) (25,672)
Cash flows from financing activities:    
Proceeds from issuance of common stock 1,648 1,894
Proceeds from exercises of stock options 7,044 1,122
Repurchase of stock-based compensation awards for tax withholdings (14,796) (11,124)
Repurchases of common stock (39,411) (28,881)
Proceeds from revolving credit facility 0 30,000
Repayment of revolving credit facility (30,000) (69,000)
Repayment of term portion of credit agreement (19,475) (19,475)
Payments on or proceeds from other debt, net (8,272) (4,686)
Net cash flows from financing activities (103,262) (100,150)
Effect of exchange rate fluctuations on cash (388) 8,118
Net increase (decrease) in cash and cash equivalents (19,161) 7,825
Cash and cash equivalents, beginning of period 165,374 121,398
Cash and cash equivalents, end of period 146,213 129,223
Supplemental cash flow information    
Income taxes paid 21,263 12,121
Interest paid $ 20,242 $ 29,026