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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 51,949 $ 18,320
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation 17,052 15,838
Amortization 78,817 84,528
Amortization of operating lease right-of-use assets 8,296 7,752
Amortization of deferred debt issuance costs 3,435 3,525
Deferred income taxes (9,059) (11,742)
Stock-based compensation expense 21,884 20,790
Gain on divestiture (38,452) 0
Other 2,483 (27)
Changes in operating assets and liabilities:    
Receivables 5,767 55,953
Accounts payable (3,047) (5,080)
Accrued employee compensation (3,872) (1,140)
Deferred revenue (6,367) 10,339
Other current and noncurrent assets and liabilities (26,920) (54,573)
Net cash flows from operating activities 101,966 144,483
Cash flows from investing activities:    
Purchases of property and equipment (8,123) (12,968)
Purchases of software and distribution rights (18,394) (20,041)
Proceeds from divestiture 100,139 0
Net cash flows from investing activities 73,622 (33,009)
Cash flows from financing activities:    
Proceeds from issuance of common stock 2,801 2,526
Proceeds from exercises of stock options 1,792 7,252
Repurchase of stock-based compensation awards for tax withholdings (5,820) (14,833)
Repurchases of common stock (90,934) (39,411)
Proceeds from revolving credit facility 85,000 0
Repayment of revolving credit facility (75,000) (55,000)
Repayment of term portion of credit agreement (70,825) (29,212)
Payments on or proceeds from other debt, net (10,106) (10,187)
Net increase (decrease) in settlement assets and liabilities 20,084 (55,470)
Net cash flows from financing activities (143,008) (194,335)
Effect of exchange rate fluctuations on cash (60) 84
Net increase (decrease) in cash and cash equivalents 32,520 (82,777)
Cash and cash equivalents, including settlement deposits, beginning of period 184,142 265,382
Cash and cash equivalents, including settlement deposits, end of period 216,662 182,605
Reconciliation of cash and cash equivalents to the Consolidated Balance Sheets    
Cash and cash equivalents 134,799 141,482
Settlement deposits 81,863 41,123
Total cash and cash equivalents, including settlement deposits 216,662 182,605
Supplemental cash flow information    
Income taxes paid 24,987 28,131
Interest paid $ 39,217 $ 35,966