XML 34 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities    
Net income $ 50,494 $ 52,785
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 33,281 31,040
Amortization of contract acquisition costs 753 763
Amortization of debt issuance costs 488 531
Imputed interest expense 933 600
Provision for doubtful accounts 412 490
(Gain) loss on disposal of assets (94) 180
Impairment losses 1,205 2,958
Deferred income taxes 5,467 2,134
Excess tax benefit from equity-based awards (1,074) (1,005)
Equity-based compensation expense 9,842 10,310
Gain on foreign currency derivatives (75) (574)
Loss on deconsolidation of subsidiary, net of cash of $897 and zero, respectively 2,758 0
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 709 1,091
Prepaids and other assets (11,241) (30,893)
Accounts payable and accrued expenses (14,020) (15,696)
Deferred revenue and other liabilities (3,225) 8,697
Net cash provided by operating activities 76,613 63,411
Cash flows from investing activities    
Proceeds from grant for property, plant and equipment 0 110
Proceeds from sale of long-lived assets 0 450
Purchases of property, plant and equipment, net of acquisitions (31,832) (33,259)
Acquisitions, net of cash acquired of $6,423 and $1,373, respectively (8,956) (4,809)
Net cash used in investing activities (40,788) (37,508)
Cash flows from financing activities    
Proceeds from line of credit 1,114,050 857,650
Payments on line of credit (1,104,050) (833,650)
Proceeds from other debt 3,709 8,014
Payments on other debt (4,293) (2,783)
Dividends distributed to noncontrolling interest (3,420) (1,440)
Proceeds from exercise of stock options 856 1,135
Excess tax benefit from equity-based awards 1,074 1,005
Purchase of treasury stock (51,627) (55,211)
Payments of debt issuance costs (1,800) (432)
Net cash used in financing activities (45,501) (25,712)
Effect of exchange rate changes on cash and cash equivalents (9,906) 13,815
(Decrease) increase in cash and cash equivalents (19,582) 14,006
Cash and cash equivalents, beginning of period 164,485 156,371
Cash and cash equivalents, end of period 144,903 170,377
Supplemental disclosures    
Cash paid for interest 3,271 3,168
Cash paid for income taxes 12,329 13,213
Non-cash investing and financing activities    
Purchases of equipment through financing arrangements 0 6,100
Acquisition of equipment through increase in accounts payable 3,803 396
Landlord incentives credited to deferred rent 1,016 1,723
Contract acquisition costs credited to accounts receivable $ 1,000 $ 0