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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 19,720 $ 20,491
Adjustments to reconcile net income to net cash provided by (used in) operating activities, net of acquisitions:    
Depreciation and amortization 7,130 7,188
Deferred income taxes 291 396
Stock-based compensation 5,165 4,764
Amortization of debt issuance costs under the credit facility 430 368
Provision for doubtful accounts 318 529
Impairment of operating lease assets 1,174  
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 20,249 (6,232)
Prepaid expenses and other current assets 7,909 (3,004)
Government stimulus advances 12,562 (23,993)
Accounts payable 1,398 111
Accrued payroll (5,756) (1,900)
Accrued expenses and other long-term liabilities (8,088) (2,039)
Net cash provided by (used in) operating activities 62,502 (3,321)
Cash flows from investing activities:    
Acquisitions of businesses, net of cash acquired (84,490) (81)
Purchases of property and equipment (1,538) (1,847)
Net cash used in investing activities (86,028) (1,928)
Cash flows from financing activities:    
Payments on revolver loan — credit facility (60,000)  
Proceeds from borrowings on revolver — credit facility 35,000  
Payments on term loan — credit facility   (490)
Cash received from exercise of stock options 548 124
Other   (63)
Net cash used in financing activities (24,452) (429)
Net change in cash (47,978) (5,678)
Cash, at beginning of period 168,895 145,078
Cash, at end of period 120,917 139,400
Supplemental disclosures of cash flow information:    
Cash paid for interest 3,403 2,136
Cash paid for income taxes   $ 10,950
Acquisition consideration payable included in accrued expenses $ 1,605