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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Cash flows from operating activities:    
Net income $ 107,638 $ 54,169
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 40,355 34,490
Stock-based compensation expense 16,988 18,028
Tradename write-offs   106,555
Write-off of long-lived assets 2,654  
Provision for doubtful accounts 10,958 11,012
Gain on cash surrender value of life insurance policies (5,794) (4,547)
Gain on marketable securities (8,341) (1,330)
Deferred income taxes (1,974) (23,192)
Change in other assets and liabilities:    
Deferred compensation 26,646 5,486
Receivables due from clients (37,258) (44,332)
Income taxes and other receivables (6,424) (1,142)
Prepaid expenses and other assets (9,191) (479)
Unearned compensation (17,393) (15,097)
Income taxes payable (1,444) (532)
Accounts payable and accrued liabilities (59,911) (33,076)
Other (372) (5,056)
Net cash provided by operating activities 57,137 100,957
Cash flows from investing activities:    
Purchase of property and equipment (33,753) (36,886)
Purchase of marketable securities (39,081) (8,672)
Proceeds from sales/maturities of marketable securities 3,245 13,557
Cash paid for acquisitions, net of cash acquired (108,602)  
Premium on company-owned life insurance policies (15,448) (34,612)
Proceeds from life insurance policies 2,280 6,972
Dividends received from unconsolidated subsidiaries 286 140
Net cash used in investing activities (191,073) (59,501)
Cash flows from financing activities:    
Proceeds from long term debt 445,500 226,875
Principal payments on long term debt (276,875) (238,906)
Payment of debt issuance costs (3,050) (2,181)
Repurchases of common stock (68,055) (37,372)
Payments of tax withholdings on restricted stock (8,862) (20,497)
Proceeds from issuance of common stock upon exercise of employee stock options and in connection with an employee stock purchase plan 7,684 7,271
Borrowings under life insurance policies   31,870
Payments on life insurance policy loans (943) (4,351)
Principal payments on finance leases (1,426)  
Dividends paid to shareholders (17,292) (17,758)
Dividends - noncontrolling interest (2,110) (2,255)
Payment of contingent consideration from acquisitions (455) (455)
Net cash provided by (used in) financing activities 74,116 (57,759)
Effect of exchange rate changes on cash and cash equivalents (2,832) (15,036)
Net decrease in cash and cash equivalents (62,652) (31,339)
Cash and cash equivalents at beginning of period 626,360 520,848
Cash and cash equivalents at end of the period $ 563,708 $ 489,509