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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES    
Net income (loss) $ (3,256) $ 10,875
Reconciliation of net income (loss) to net cash provided by operating activities:    
Depreciation expense 3,950 4,163
Amortization expense - intangible assets 1,413 1,195
Allowance for credit losses on receivables/bad debt on receivables (677) (2,470)
Equity in loss of unconsolidated affiliates 523 485
Agent growth incentive stock compensation expense 18,157 18,148
Stock option compensation 3,975 5,126
Agent equity stock compensation expense 56,456 65,652
Deferred income taxes, net 2,337 3,370
Changes in operating assets and liabilities:    
Accounts receivable (48,871) (45,266)
Prepaids and other assets 1,841 367
Customer deposits 41,946 50,854
Accounts payable 2,741 (3,069)
Accrued expenses 35,243 49,273
Long term payable   (4,692)
Litigation contingency 16,000  
Other operating activities 23 157
NET CASH PROVIDED BY OPERATING ACTIVITIES 131,801 154,168
INVESTING ACTIVITIES    
Purchases of property, plant, equipment (2,772) (3,433)
Purchase of business (3,150)  
Investments in unconsolidated affiliates (3,938) (5,350)
Capitalized software development costs in intangible assets (509) (1,179)
NET CASH USED IN INVESTING ACTIVITIES (10,369) (9,962)
FINANCING ACTIVITIES    
Repurchase of common stock (81,266) (78,728)
Proceeds from exercise of options 1,052 1,253
Transactions with noncontrolling interests (1,169)  
Dividends declared and paid (15,075) (13,460)
NET CASH USED IN FINANCING ACTIVITIES (96,458) (90,935)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash (1,346) 620
Net change in cash, cash equivalents and restricted cash 23,628 53,891
Cash, cash equivalents and restricted cash, beginning balance 169,893 159,383
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 193,521 213,274
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid for income taxes $ 1,542 1,833
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Termination of lease obligation - operating lease   837
Property, plant and equipment increase due to transfer of right-of-use lease asset   $ 1,100