JOHNS CREEK, Ga., Aug. 09, 2021 (GLOBE NEWSWIRE) — Ebix, Inc. (NASDAQ: EBIX), a number one worldwide provider of On-Demand software program and E-commerce companies to the insurance coverage, monetary, e-governance and healthcare industries immediately introduced the next outcomes for the quarter ended June 30, 2021:
- Revenues of $246.Three million
- GAAP working earnings of $27.Three million and Non-GAAP working earnings of $33.9 million
- GAAP Diluted EPS of $0.51 and Non-GAAP diluted EPS of $0.76
Ebix will host a convention name to assessment its outcomes immediately at 11:00 a.m. EDT (particulars beneath).
“Q2 2021 was severely impacted by the second wave of COVID-19, with most of Brazil and India coming to nearly a standstill for 2 months. This impacted our revenues not solely in these two international locations however america too, as we skilled an acute scarcity of personnel to execute enterprise in hand. Our financial institution curiosity prices sequentially had been increased by $3.Three million in Q2 2021 on decrease financial institution debt than in Q1 2021. We needed to restore software program developer salaries again from the cuts we had put in place final yr, whereas COVID-19 continued to influence our enterprise.” Robin Raina, President & CEO, Ebix Inc. stated, “Contemplating that, I’m happy that we nonetheless delivered 1 / 4 with $246.Three million of revenues and $27.Three million of working earnings. This speaks to the elemental resilience of our enterprise.”
Ebix delivered the next outcomes for the second quarter of 2021:
Income: Q2 2021 income elevated 121% to $246.Three million in comparison with $111.Three million in Q2 2020. Excluding revenues from the overseas trade, journey, e-learning, and remittance companies which have been impacted essentially the most by COVID-19, Q2 2021 revenues grew 125% as in comparison with Q2 2020.
Out of 11 P&L geographies worldwide, revenues grew in 9 areas by double digits or extra, whereas declining in two areas. Regardless of COVID-19, insurance coverage revenues exterior the U.S. grew by a wholesome 16% yr over yr to $19.1 million within the quarter, offset by a 10% year-over-year decline within the U.S. Sequentially, U.S. insurance coverage revenues had been primarily flat as in comparison with Q1 2021. Worldwide revenues elevated 200% yr over yr.
Exchanges, together with the EbixCash and our worldwide insurance coverage exchanges, continued to be Ebix’s largest channel, accounting for 94% of Q2 2021 revenues.
| (greenback quantities in 1000’s) | |||||
| Channel | Q2 2021 | Q2 2020 | Change | ||
| EbixCash Exchanges | $189,947 | $53,240 | +257 | % | |
| Insurance coverage Exchanges | 41,916 | 42,959 | -2 | % | |
| RCS | 14,459 | 15,113 | -4 | % | |
| Complete Income | $246,322 | $111,312 | +121 | % | |
| Complete Income on Fixed Foreign money Foundation | $240,003 | $111,312 | +116 | % | |
Working Earnings and Working Money: GAAP Working earnings for Q2 2021 of $27.Three million decreased 13% sequentially from $31.2 million in Q1 2021 and decreased 14% year-over-year as in comparison with $31.9 million in Q2 2020, primarily because of the extreme influence of the second wave of COVID-19 in April and Could 2021. Throughout Q2 2020, the Firm decreased compensation ranges for a lot of of its workers in essentially the most negatively COVID-19 impacted enterprise areas. The Firm reversed the overwhelming majority of 2020’s wage changes in Q2 2021 and provided wage will increase to all software program improvement workers, leading to an year-over-year enhance of roughly $4.1MM in personnel-related prices. These steps had been taken to retain and encourage our worker base to help the anticipated development in enterprise as the consequences of COVID-19 subside over the subsequent few months.
Non-GAAP working earnings for Q2 2021 was $33.9 million.
Money generated from operations in Q2 2021 was $13.1 million, as in comparison with $28.Eight million in Q2 2020 and $8.6 million in Q1 2021. The money flows mirrored the influence of the second wave of COVID-19 on receivable collections, as the vast majority of India and Brazil had been in a whole shut down mode through the months of April and Could 2021.
Earnings per Share: Q2 2021 GAAP diluted earnings per share was at $0.51 as in comparison with $0.76 in Q2 2020. The drop was on account of numerous extra-ordinary objects detailed out within the GAAP to Non-GAAP reconciliation desk beneath. Moreover, in Q2 2020 the Firm decreased its contingent acquisition earn out accrual by $3.Three million, which served to scale back normal and administrative bills in Q2 2020. No such adjustment was made in Q2 2021.
Non-GAAP diluted earnings per share for Q2 2021 was $0.76.
Internet Earnings: Q2 2021 GAAP internet earnings decreased 33% to $15.7 million in comparison with $23.5 million in Q2 2020. The Q2 2021 non-GAAP internet earnings was $23.5 million.
Q2 2021 Diluted Share Rely: As of immediately, Ebix expects its diluted share depend for Q3 2021 to be roughly 30.Eight million.
Dividend: Ebix paid its common quarterly dividend of $0.075 per share in Q2 2021 for a complete value of $2.Three million.
“We be ok with the tempo at which we’re transferring in direction of a potential EbixCash IPO. We not too long ago introduced the addition of numerous impartial main luminaries from the sphere of Economics, Schooling, Regulatory and Banking sectors to the EbixCash Board. The three-year audit by two audit corporations, resulting in the Draft Pink Herring Prospectus (DRHP) are in course of at current.” Ebix Chairman, President and CEO Robin Raina stated. “We’re focusing on the IPO in January or February of 2022, with a DRHP being filed in October or November of 2021.”
“Ebix continues to climate the COVID-19 storm, however has a really optimistic view of how this firm will carry out each time world life normalizes for companies and people. We intend to deal with maximizing money flows within the coming quarters and can use these money flows to each put money into our companies and cut back our complete debt over time. We’re additionally actively engaged in addressing the strategic objective of refinancing our present major company debt capital to a construction that aligns Ebix’s strategic targets with each a construction and investor base that can allow us to optimize the expansion and efficiency of Ebix over time.” Steve Hamil, EVP and CFO stated. “We sit up for sharing extra particulars with our stakeholders within the coming months.”
Reconciliation of GAAP working earnings, internet earnings and diluted earnings per share to non-GAAP working earnings, internet earnings and diluted earnings per share. Non-GAAP info is supplied to reinforce the understanding of the Firm’s monetary efficiency and is reconciled to the Firm’s GAAP info within the accompanying tables.
Q2 2021
| Internet Earnings | Diluted EPS | |||
| Q2 2021 GAAP Internet Earnings | $15,721 | $0.51 | ||
| Q2 2021 GAAP Working Earnings | $27,265 | |||
| Non-GAAP Changes: | ||||
| Amortization of Intangibles (1) | $2,757 | $0.09 | ||
| Inventory-Based mostly Compensation (1) | $1,359 | $0.04 | ||
| One-time Authorized and Skilled Companies Prices (2) | $1,260 | $0.04 | ||
| Worker associated one-time prices (3) | $1,250 | $0.04 | ||
| Non-recurring non-operating expense (4) | $1,253 | $0.04 | ||
| Earnings Tax Results of Non–GAAP Changes (5) | ($136) | ($0.0) | ||
| Complete Non-GAAP Changes (Working Earnings) | $6,626 | |||
| Complete Non-GAAP Changes (Internet Earnings) | $7,743 | $0.25 | ||
| Second Quarter 2021 Non-GAAP Internet Earnings | $23,464 | $0.76 | ||
| Second Quarter 2021 Non-GAAP Working Earnings | $33,891 | |||
(1) Changes associated to amortization of acquired intangibles and stock-based compensation acknowledged through the intervals for GAAP functions.
(2) Non-recurring authorized {and professional} companies prices recorded through the interval for GAAP functions.
(3) Non-recurring worker associated prices in Q2 2021.
(4) Non-recurring non-operating expense that’s unrelated to any working actions.
(5) Non-GAAP adjustment relies on the Q2 2021 efficient tax price, which displays at the moment obtainable info and might be topic to alter.
Non-GAAP Monetary Measures and Different Metrics
This press launch incorporates the next non-GAAP monetary measures: non-GAAP internet earnings, non-GAAP working earnings and non-GAAP diluted earnings per share. Non-GAAP working earnings , non-GAAP internet earnings and non-GAAP diluted earnings per share from operations exclude amortization of intangibles, stock-based compensation, in addition to sure non-recurring bills that aren’t related to our ongoing working enterprise actions.
Ebix believes that these non-GAAP monetary measures and different metrics present helpful info to administration and traders relating to sure monetary and enterprise tendencies regarding Ebix’s monetary situation and outcomes of operations. The Firm’s administration makes use of these non-GAAP measures and different metrics to match the Firm’s efficiency to that of prior intervals for pattern evaluation, for functions of figuring out government and senior administration incentive compensation, and for budgeting and planning functions. The Firm believes that the usage of these non-GAAP monetary measures and different metrics supplies an extra device for traders to make use of in evaluating ongoing working outcomes and tendencies and in evaluating the Firm’s monetary measures with different software program corporations, a lot of which current related non-GAAP monetary measures and different metrics to traders.
Administration of the Firm doesn’t contemplate these non-GAAP measures in isolation or as an alternative choice to monetary measures decided in accordance with GAAP. The principal limitation of those non-GAAP monetary measures is that they exclude important bills and earnings which can be required by GAAP to be recorded within the Firm’s monetary statements. As well as, they’re topic to inherent limitations as they mirror the train of judgment by administration about which bills and earnings are excluded or included in figuring out these non-GAAP monetary measures. Ebix urges traders to assessment the reconciliation of its non-GAAP monetary measures to the comparable GAAP monetary measures, which it contains in press releases asserting quarterly monetary outcomes, together with the monetary tables on the finish of this press launch, and to not depend on any single monetary measure to judge the Firm’s enterprise.
Convention Name Particulars:
| Name Date/Time: | Monday, August 9, 2021 at 11:00 a.m. EDT |
| Name Dial-In: | +1-877-837-3909 or 1-973-409-9690; Name ID # 6093467 |
| Stay Audio Webcast: | www.ebix.com/webcast |
| Audio Replay URL: | www.ebix.com/result_21_Q2 after 2:00 p.m. EDT on August ninth |
About Ebix, Inc.
With 150+ places of work throughout 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to offer On-Demand software program and E-commerce companies to the insurance coverage, monetary, healthcare and e-learning industries. Within the insurance coverage sector, Ebix’s principal focus is to develop and deploy all kinds of insurance coverage and reinsurance exchanges on an on-demand foundation, whereas additionally, offering Software program-as-a-Service (“SaaS”) enterprise options within the space of CRM, front-end & back-end methods, outsourced administration and threat compliance companies, all over the world.
With a “Phygital” technique that mixes over 320,00Zero bodily distribution shops in India and Affiliation of Southeast Asian Nations (“ASEAN”) international locations, to an omni-channel on-line digital platform, the Firm’s EbixCash Monetary trade portfolio encompasses management within the areas of home and worldwide cash remittance, overseas trade (Foreign exchange), journey, pre-paid & present playing cards, utility funds, software program options for lending, wealth administration, journey, bus exchanges and insurance coverage in India and different markets. EbixCash’s Foreign exchange operations have emerged as a pacesetter in India’s airport Overseas Change enterprise with operations in 13 worldwide airports, mixed conducting over $4.Eight billion in gross transaction worth per yr (pre-COVID-19). EbixCash’s inward remittance enterprise in India processes roughly $5 billion in gross annual remittance quantity (pre-COVID-19) and is the clear market chief. EbixCash Journey can also be one in all Southeast Asia’s main journey exchanges with over 200,00Zero brokers, 25 branches and over 9,800 company purchasers, mixed processing an estimated $2.5 billion in gross merchandise worth per yr (pre-COVID-19).
By means of its varied SaaS-based software program platforms, Ebix employs 1000’s of domain-specific know-how professionals to offer merchandise, help and consultancy to 1000’s of shoppers on six continents. For extra info, go to the Firm’s web site at www.ebix.com
SAFE HARBOR REGARDING FORWARD-LOOKING STATEMENTS
As used herein, the phrases “Ebix,” “the Firm,” “we,” “our” and “us” confer with Ebix, Inc., a Delaware company, and its consolidated subsidiaries as a mixed entity, besides the place it’s clear that the phrases imply solely Ebix, Inc.
The data contained on this Press Launch incorporates forward-looking statements and data throughout the “protected harbor” provisions of the Non-public Securities Litigation Reform Act of 1995, Part 27A of the Securities Act of 1933, and Part 21E of the Securities Change Act of 1934. This info contains assumptions made by, and data at the moment obtainable to administration, together with statements relating to future financial efficiency and monetary situation, liquidity and capital assets, acceptance of the Firm’s merchandise by the market, and administration’s plans and targets. As well as, sure statements included on this and our future filings with the Securities and Change Fee (“SEC”), in press releases, and in oral and written statements made by us or with our approval, which aren’t statements of historic truth, are forward-looking statements. Phrases akin to “could,” “might,” “ought to,” “would,” “imagine,” “count on,” “anticipate,” “estimate,” “intend,” “seeks,” “plan,” “venture,” “proceed,” “predict,” “will,” and different phrases or expressions of comparable that means are supposed by the Firm to determine forward-looking statements, though not all forward-looking statements comprise these figuring out phrases. These forward-looking statements are discovered at varied locations all through this report and within the paperwork integrated herein by reference. These statements are primarily based on our present expectations about future occasions or outcomes and data that’s at the moment obtainable to us, contain assumptions, dangers, and uncertainties, and communicate solely as of the date on which such statements are made.
Our precise outcomes could differ materially from these expressed or implied in these forward-looking statements. Elements which will trigger such a distinction, embrace, however aren’t restricted to these mentioned in our Annual Report on Type 10-Okay and subsequent experiences filed with the SEC, in addition to: the continuing results of the COVID-19 world pandemic, the willingness of impartial insurance coverage businesses to outsource their pc and different processing wants to 3rd events; pricing and different aggressive pressures and the Firm’s means to realize or preserve share of gross sales on account of actions by rivals and others; modifications in estimates in crucial accounting judgments; modifications in or failure to adjust to legal guidelines and laws, together with accounting requirements, taxation necessities (together with tax price modifications, new tax legal guidelines and revised tax interpretations) in home or overseas jurisdictions; trade price fluctuations and different dangers related to investments and operations in overseas international locations (significantly in India, Australia and Asia, Latin America and Europe whereby we now have important and/or rising operations); fluctuations within the fairness markets, together with market disruptions and important rate of interest fluctuations, which can impede our entry to, or enhance the price of, exterior financing; means to safe further financing to help capital necessities; credit score facility provisions that would materially prohibit our enterprise; prices and results of litigation, investigations or related issues that would have an effect on our enterprise, working outcomes and monetary situation; and worldwide battle, together with terrorist acts.
Besides as expressly required by the federal securities legal guidelines, the Firm undertakes no obligation to replace any such components, or to publicly announce the outcomes of, or modifications to any of the forward-looking statements contained herein to mirror future occasions, developments, modified circumstances, or for another motive.
Readers ought to rigorously assessment the disclosures and the chance components described within the paperwork we file sometimes with the SEC, together with future experiences on Varieties 10-Q and 8-Okay, and any amendments thereto.
Chances are you’ll acquire our SEC filings at our web site, www.ebix.com below the “Investor Info” part, or over the Web on the SEC’s site, www.sec.gov
CONTACT:
Darren Joseph
678 -281-2027 or IR@ebix.com
David Collins or Chris Eddy
Catalyst World – 212-924-9800 or ebix@catalyst-ir.com
Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Earnings
(In 1000’s, besides per share information)
(Unaudited)
| Three Months Ended | Six Months Ended | |||||||||||||||
| June 30, | June 30, | |||||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||
| Working income | $ | 246,322 | $ | 111,312 | $ | 536,375 | $ | 249,188 | ||||||||
| Working bills: | ||||||||||||||||
| Value of companies supplied | 178,203 | 49,093 | 398,561 | 106,550 | ||||||||||||
| Product improvement | 10,142 | 8,338 | 19,687 | 17,755 | ||||||||||||
| Gross sales and advertising and marketing | 3,392 | 3,458 | 7,219 | 7,262 | ||||||||||||
| Basic and administrative, internet | 23,335 | 15,464 | 44,672 | 44,708 | ||||||||||||
| Amortization and depreciation | 3,985 | 3,109 | 7,785 | 6,750 | ||||||||||||
| Complete working bills | 219,057 | 79,462 | 477,924 | 183,025 | ||||||||||||
| Working earnings | 27,265 | 31,850 | 58,451 | 66,163 | ||||||||||||
| Curiosity earnings | 17 | 29 | 25 | 83 | ||||||||||||
| Curiosity expense | (10,462 | ) | (7,147 | ) | (18,541 | ) | (16,384 | ) | ||||||||
| Non-operating (loss) earnings | (1,253 | ) | 118 | (1,254 | ) | 99 | ||||||||||
| Overseas foreign money trade acquire (loss) | 9 | 91 | (616 | ) | 709 | |||||||||||
| Earnings earlier than earnings taxes | 15,576 | 24,941 | 38,065 | 50,670 | ||||||||||||
| Earnings tax expense | (627 | ) | (1,677 | ) | (1,829 | ) | (2,961 | ) | ||||||||
| Internet earnings together with noncontrolling curiosity | 14,949 | 23,264 | 36,236 | 47,709 | ||||||||||||
| Internet loss attributable to noncontrolling curiosity | (772 | ) | (211 | ) | (1,076 | ) | (489 | ) | ||||||||
| Internet earnings attributable to Ebix, Inc. | $ | 15,721 | $ | 23,475 | $ | 37,312 | $ | 48,198 | ||||||||
| Primary earnings per frequent share attributable to Ebix, Inc. | $ | 0.51 | $ | 0.77 | $ | 1.22 | $ | 1.58 | ||||||||
| Diluted earnings per frequent share attributable to Ebix, Inc. | $ | 0.51 | $ | 0.76 | $ | 1.21 | $ | 1.57 | ||||||||
| Primary weighted common shares excellent | 30,581 | 30,504 | 30,570 | 30,490 | ||||||||||||
| Diluted weighted common shares excellent | 30,713 | 30,708 | 30,712 | 30,696 | ||||||||||||
Ebix, Inc. and Subsidiaries
Condensed Consolidated Steadiness Sheets
(In 1000’s, besides share quantities)
| June 30, 2021 |
December 31, 2020 |
||||||
| ASSETS | (Unaudited) | ||||||
| Present belongings: | |||||||
| Money and money equivalents | $ | 85,069 | $ | 105,035 | |||
| Receivables from service suppliers | 13,303 | 4,711 | |||||
| Quick-term investments | 13,866 | 25,019 | |||||
| Restricted money | 8,440 | 8,519 | |||||
| Fiduciary funds – restricted | 2,580 | 4,106 | |||||
| Commerce accounts receivable, much less allowances of $19,439 and $22,691, respectively | 142,360 | 142,847 | |||||
| Different present belongings | 81,386 | 71,661 | |||||
| Complete present belongings | 347,004 | 361,898 | |||||
| Property and tools, internet | 53,171 | 52,521 | |||||
| Proper-of-use belongings | 11,954 | 12,372 | |||||
| Goodwill | 942,062 | 949,037 | |||||
| Intangibles, internet | 51,310 | 50,880 | |||||
| Indefinite-lived intangibles | 16,647 | 21,647 | |||||
| Capitalized software program improvement prices, internet | 20,657 | 19,389 | |||||
| Deferred tax asset, internet | 65,943 | 63,402 | |||||
| Different belongings | 37,476 | 38,707 | |||||
| Complete belongings | $ | 1,546,224 | $ | 1,569,853 | |||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||
| Present liabilities: | |||||||
| Accounts payable and accrued liabilities | $ | 54,677 | $ | 64,764 | |||
| Payables to service brokers | 4,127 | 5,281 | |||||
| Accrued payroll and associated advantages | 10,401 | 11,792 | |||||
| Working capital facility | 9,704 | 16,643 | |||||
| Fiduciary funds – restricted | 2,580 | 4,106 | |||||
| Quick-term debt | 729 | 894 | |||||
| Present portion of long run debt and financing lease obligations, internet of deferred financing prices of $1,493 and $920, respectively |
24,969 | 23,621 | |||||
| Contract liabilities | 35,399 | 32,898 | |||||
| Lease legal responsibility | 3,249 | 3,905 | |||||
| Different present liabilities | 30,868 | 27,486 | |||||
| Complete present liabilities | 176,703 | 191,390 | |||||
| Revolving line of credit score | 439,402 | 439,402 | |||||
| Long run debt and financing lease obligations, much less present portion, internet of deferred financing prices of $881 and $1,062, respectively | 199,052 | 232,140 | |||||
| Contingent legal responsibility for accrued earn-out acquisition consideration | 2,560 | — | |||||
| Contract liabilities | 7,647 | 8,033 | |||||
| Lease legal responsibility | 8,790 | 8,540 | |||||
| Deferred tax legal responsibility, internet | 1,358 | 1,235 | |||||
| Different liabilities | 28,909 | 29,009 | |||||
| Complete liabilities | 864,421 | 909,749 | |||||
| Stockholders’ fairness: | |||||||
| Most well-liked inventory, $0.10 par worth, 500,00Zero shares approved, no shares issued and excellent at June 30, 2021 and December 31, 2020 | — | — | |||||
| Collection Y Convertible most popular inventory, $0.10 par worth, 350,00Zero shares approved, no shares issued and excellent at June 30, 2021 and December 31, 2020 | — | — | |||||
| Frequent inventory, $0.10 par worth, 220,000,00Zero shares approved, 30,558,061 issued and excellent, at June 30, 2021, and 30,515,334 issued and excellent at December 31, 2020 | 3,058 | 3,052 | |||||
| Extra paid-in capital | 13,718 | 11,126 | |||||
| Retained earnings | 732,974 | 700,304 | |||||
| Amassed different complete loss | (113,996 | ) | (101,503 | ) | |||
| Complete Ebix, Inc. stockholders’ fairness | 635,754 | 612,979 | |||||
| Noncontrolling curiosity | 46,049 | 47,125 | |||||
| Complete stockholders’ fairness | 681,803 | 660,104 | |||||
| Complete liabilities and stockholders’ fairness | $ | 1,546,224 | $ | 1,569,853 | |||
Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Money Flows
(In 1000’s)
(Unaudited)
| Six Months Ended |
||||||||
| June 30, | ||||||||
| 2021 | 2020 | |||||||
| Money flows from working actions: | ||||||||
| Internet earnings attributable to Ebix, Inc. | $ | 37,312 | $ | 48,198 | ||||
| Internet loss attributable to noncontrolling curiosity | (1.076 | ) | (489 | ) | ||||
| Changes to reconcile internet earnings to internet money supplied by working actions: | ||||||||
| Amortization and depreciation | 7,785 | 6,750 | ||||||
| (Profit) provision for deferred taxes | (3,175 | ) | 225 | |||||
| Share primarily based compensation | 2,717 | 2,253 | ||||||
| Profit for uncertain accounts | (2,815 | ) | (50 | ) | ||||
| Amortization of right-of-use belongings | 2,507 | 3,257 | ||||||
| Amortization of capitalized software program improvement prices | 1,647 | 1,670 | ||||||
| Discount of acquisition accruals | — | (3,308 | ) | |||||
| Adjustments in belongings and liabilities, internet of results from acquisitions: | ||||||||
| Accounts receivable | 2,025 | 14,190 | ||||||
| Receivables from service suppliers | (8,592 | ) | 12,381 | |||||
| Payables to service brokers | (1,154 | ) | (7,802 | ) | ||||
| Different belongings | (10,489 | ) | (1,260 | ) | ||||
| Accounts payable and accrued bills | (9,469 | ) | (8,004 | ) | ||||
| Accrued payroll and associated advantages | (1,318 | ) | 2,130 | |||||
| Contract liabilities | 2,182 | (306 | ) | |||||
| Lease liabilities | (264 | ) | (3,008 | ) | ||||
| Reserve for potential unsure earnings tax return positions | 334 | 206 | ||||||
| Different liabilities | 3,503 | (8,634 | ) | |||||
| Internet money supplied by working actions | 21,660 | 58,399 | ||||||
| Money flows from investing actions: | ||||||||
| Money paid for acquisitions, internet of money acquired | — | (5,170 | ) | |||||
| Capitalized software program improvement prices | (3,106 | ) | (3,257 | ) | ||||
| Maturities (purchases) of unrestricted marketable securities, internet | 11,250 | (27,301 | ) | |||||
| Capital expenditures | (1,705 | ) | (757 | ) | ||||
| Internet money supplied by (utilized in) investing actions | 6,439 | (36,485 | ) | |||||
| Money flows from financing actions: | ||||||||
| Proceeds from revolving line of credit score, internet | — | 1,364 | ||||||
| Principal funds of time period mortgage obligation | (31,297 | ) | (9,414 | ) | ||||
| Proceeds from the train of inventory choices | — | 636 | ||||||
| Forfeiture of sure shares to fulfill train prices and the recipients earnings tax obligations associated to inventory choices exercised and restricted inventory vested | (119 | ) | (1,841 | ) | ||||
| Dividend funds | (4,642 | ) | (4,605 | ) | ||||
| Funds of debt obligations | (149 | ) | (119 | ) | ||||
| Funds of working capital facility, internet | (6,886 | ) | (19,763 | ) | ||||
| Funds of financing lease obligations | (48 | ) | (113 | ) | ||||
| Internet money utilized in financing actions | (43,141 | ) | (33,855 | ) | ||||
| Impact of overseas trade charges on money | (4,806 | ) | (10,030 | ) | ||||
| Internet change in money and money equivalents, and restricted money | (19,848 | ) | (21,971 | ) | ||||
| Money and money equivalents, and restricted money at first of the interval | 120,213 | 111,369 | ||||||
| Money and money equivalents, and restricted money on the finish of the interval | $ | 100,365 | $ | 89,398 | ||||
| Supplemental disclosures of money stream info: | ||||||||
| Curiosity paid | $ | 14,065 | $ | 15,434 | ||||
| Earnings taxes paid | $ | 12,073 | $ | 2,096 | ||||