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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 35,872 $ 29,897
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss from discontinued operations, net of tax 570 288
Gain on sale of operations, net (45) (151)
Depreciation and amortization expense 11,279 10,682
Amortization of discount on notes and deferred financing costs 262 262
Amortization of discount on contingent earnout liability 276 106
Bad debt expense, net of recoveries 2,439 2,205
Adjustment to contingent earnout liability (1,032) (714)
Deferred income taxes 776 894
Employee stock awards 2,790 2,842
Excess tax benefits from share based payment arrangements (2,678) (673)
Changes in assets and liabilities, net of acquisitions and divestitures:    
Restricted cash (7,044) (6,998)
Accounts receivable, net (40,997) (36,439)
Other assets (263) (2,950)
Accounts payable 14,376 19,268
Income taxes payable 8,762 7,766
Accrued personnel costs (9,598) (6,616)
Other liabilities 1,989 2,163
Operating cash flows provided by continuing operations 17,734 21,832
Operating cash flows (used in) provided by discontinued operations (540) 428
Net cash provided by operating activities 17,194 22,260
Cash flows from investing activities:    
Business acquisitions and purchases of client lists, net of cash acquired (26,561) (34,004)
Purchases of client fund investments (11,788) (4,963)
Proceeds from the sales and maturities of client fund investments 4,375 4,747
Proceeds from sales of divested operations 45 93
Increase in funds held for clients 72,417 3,649
Additions to property and equipment, net (6,749) (1,837)
Collection of notes receivable 18 119
Net cash provided by (used in) investing activities 31,757 (32,196)
Cash flows from financing activities:    
Proceeds from bank debt 308,000 278,000
Payment of bank debt (288,800) (248,300)
Payment on early extinguishment of convertible debt   (760)
Payment for acquisition of treasury stock (5,675) (7,828)
Decrease in client funds obligations (65,041) (3,504)
Proceeds from exercise of stock options 5,649 3,529
Payment of contingent consideration for acquisitions and client list purchases (5,211) (4,110)
Excess tax benefit from exercise of stock awards   673
Payment of notes payable (206) (116)
Deferred financing costs   (6)
Net cash (used In) provided by financing activities (51,284) 17,578
Net (decrease) increase in cash and cash equivalents (2,333) 7,642
Cash and cash equivalents at beginning of year 3,494 850
Cash and cash equivalents at end of period $ 1,161 $ 8,492