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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 164,715 $ 96,677
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization expense 49,858 19,008
Bad debt expense, net of recoveries 1,862 1,244
Adjustment to contingent purchase price liabilities 1,487 638
Stock-based compensation expense 12,239 5,016
Deferred income taxes 17,148 3,128
Other, net 2,683 273
Changes in assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable, net (143,107) (95,997)
Other assets (12,459) (1,663)
Accounts payable 28,848 25,058
Income taxes payable 28,119 5,443
Accrued personnel costs (75,561) (38,502)
Other liabilities (50,952) 4,116
Net cash provided by operating activities 24,880 24,439
Cash flows from investing activities:    
Business acquisitions and purchases of client lists, net of cash acquired 0 (22,493)
Purchases of client fund investments (19,350) (12,100)
Proceeds from the sales and maturities of client fund investments 21,645 12,421
Proceeds from sales of divested operations 289 0
Change in funds held for clients (2,285) (301)
Additions to property and equipment (13,125) (6,973)
Other, net 527 (3,801)
Net cash used in investing activities (12,299) (33,247)
Cash flows from financing activities:    
Proceeds from bank debt 849,600 619,800
Payment of bank debt (696,800) (551,200)
Deferred financing costs (983) 0
Payment for acquisition of treasury stock (71,321) 0
Indirect repurchase of shares for minimum tax withholding (7,758) (11,229)
Changes in client funds obligations (57,223) (28,270)
Payment of contingent consideration for acquisitions and client lists (48,764) (41,021)
Net cash used in financing activities (33,249) (11,920)
Net decrease in cash, cash equivalents and restricted cash (20,668) (20,728)
Cash, cash equivalents and restricted cash at beginning of year 187,170 157,148
Cash, cash equivalents and restricted cash at end of period 166,502 136,420
Reconciliation of cash, cash equivalents and restricted cash to the Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 39,817 1,128
Restricted cash 49,145 44,947
Cash equivalents included in funds held for clients 77,540 90,345
Total cash, cash equivalents and restricted cash $ 166,502 $ 136,420