XML 28 R8.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:      
Net (Loss) income $ (18,532,000) $ 30,548,000 $ 27,075,000
Reconciliation of net income to net cash provided by operating activities:      
Depreciation and amortization 36,098,000 40,176,000 40,111,000
Goodwill impairment 36,808,000 0 17,674,000
Deferred income taxes 7,397,000 (2,992,000) (9,005,000)
Gain on disposition of businesses, net 0 0 (13,763,000)
Stock-based compensation costs 4,923,000 7,585,000 4,384,000
(Gain) loss on sale of property and equipment (1,490,000) 104,000 137,000
Contingent earnout adjustments 2,921,000 0 0
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:      
Accounts receivable, net (15,537,000) (5,475,000) 5,063,000
Unbilled revenues, net (19,319,000) (9,979,000) (3,762,000)
Accrued or prepaid income taxes (7,444,000) (7,232,000) 9,311,000
Accounts payable and accrued liabilities (5,985,000) 13,470,000 31,775,000
Deferred revenues (397,000) 3,562,000 (1,074,000)
Accrued retirement costs (1,366,000) (15,478,000) (10,790,000)
Prepaid expenses and other operating activities 9,557,000 32,000 (3,958,000)
Net cash provided by operating activities 27,634,000 54,321,000 93,178,000
Cash Flows from Investing Activities:      
Acquisitions of property and equipment (6,838,000) (9,225,000) (14,226,000)
Capitalization of computer software costs (27,761,000) (21,729,000) (23,154,000)
Cash proceeds from sale of property and equipment 3,032,000 0 0
Payments for business acquisitions, net of cash acquired (26,309,000) (46,398,000) (9,983,000)
Cash proceeds from disposition of business line 0 0 19,968,000
Proceeds from settlement of life insurance policies 0 6,526,000 0
Other investing activities 0 0 358,000
Net cash used in investing activities (57,876,000) (70,826,000) (27,037,000)
Cash Flows from Financing Activities:      
Cash dividends paid (11,842,000) (12,663,000) (9,645,000)
Payments related to shares received for withholding taxes under stock-based compensation plans (704,000) (1,411,000) (476,000)
Proceeds from shares purchased under employee stock-based compensation plans 821,000 1,648,000 811,000
Repurchases of common stock (26,749,000) (19,134,000) (2,666,000)
Payments of contingent consideration on acquisitions (2,118,000) (1,544,000) 0
Payments for equity investments (600,000) (106,000) (602,000)
Increases in short-term and revolving credit facility borrowings 106,481,000 113,312,000 108,142,000
Payments on short-term and revolving credit facility borrowings (39,025,000) (52,306,000) (169,675,000)
Payments on finance lease obligations (59,000) (432,000) (62,000)
Capitalized loan costs (7,000) (2,302,000) 0
Dividends paid to noncontrolling interests (258,000) (405,000) (196,000)
Net cash provided by (used in) financing activities 25,940,000 24,657,000 (74,369,000)
Effects of exchange rate changes on cash and cash equivalents (2,742,000) 881,000 1,082,000
(Decrease) increase in Cash, Cash Equivalents, and Restricted Cash (7,044,000) 9,033,000 (7,146,000)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 53,689,000 44,656,000 51,802,000
Cash, Cash Equivalents, and Restricted Cash at End of Year $ 46,645,000 $ 53,689,000 $ 44,656,000