XML 23 R6.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities    
Net income $ 34,595 $ 28,366
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,021 25,670
Amortization of contract acquisition costs 1,009 2,697
Amortization of debt issuance costs and other 290 0
Accretion expense 531 0
Provision for doubtful accounts 0 643
Gain on disposal of assets (696) (211)
Impairment losses 230 679
Deferred income taxes 8,076 (1,564)
Excess tax benefit from equity-based awards (772) 0
Equity-based compensation expense 7,715 6,595
Loss on foreign currency derivatives 531 328
Changes in assets and liabilities:    
Accounts receivable 5,908 14,044
Prepaids and other assets (8,644) 1,964
Accounts payable and accrued expenses (17,950) 7,826
Deferred revenue and other liabilities (5,863) (12,402)
Net cash provided by operating activities 47,981 74,635
Cash flows from investing activities    
Proceeds from sale of property, plant, and equipment 2,328 0
Purchases of property, plant and equipment (12,362) (12,316)
Acquisition of PRG and eLoyalty business unit, net of cash acquired of $14 (43,884) 0
Net cash used in investing activities (53,918) (12,316)
Cash flows from financing activities    
Proceeds from line of credit 406,100 490,700
Payments on line of credit (288,100) (490,700)
Payments on capital lease obligations and equipment financing (1,088) (1,911)
Dividends distributed to noncontrolling interest (1,859) (2,070)
Proceeds from exercise of stock options 3,673 874
Excess tax benefit from equity-based awards 3,099 128
Purchases of treasury stock (43,748) (37,305)
Payments of debt refinancing fees (22) 0
Net cash provided by (used in) financing activities 78,055 (40,284)
Effect of exchange rate changes on cash and cash equivalents 2,783 25
Increase in cash and cash equivalents 74,901 22,060
Cash and cash equivalents, beginning of period 119,385 109,424
Cash and cash equivalents, end of period 194,286 131,484
Supplemental disclosures    
Cash paid for interest 2,026 1,165
Cash paid for income taxes 14,875 5,961
Non-cash investing and financing activities    
Acquisition of equipment through installment purchase agreements $ 0 $ 186