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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 57,273 $ 24,232
Adjustments to reconcile net income to net cash provided by operating activities:    
Asset impairment 612  
Depreciation and amortization expense 6,790 4,468
Bad debt expense 25,187 23,141
Compensation expense related to share-based awards 6,503 2,406
Deferred income taxes 19,262 9,213
Changes in operating assets and liabilities (6,263) (10,046)
Net cash provided by operating activities 109,364 53,414
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale investments (209,846) (296,666)
Sales of available-for-sale investments 145,819 265,743
Purchases of property and equipment (3,439) (1,408)
Business acquisition (38,065)  
Other   9
Net cash used in investing activities (105,531) (32,322)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock 1,014 180
Purchase of treasury stock (17,309)  
Payments of employee tax associated with stock compensation (689) (2,562)
Net cash used in financing activities (16,984) (2,382)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (13,151) 18,710
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of the period 108,687 32,731
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of the period $ 95,536 $ 51,441