XML 43 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net income $ 35,528 $ 39,433
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 31,043 27,259
Amortization of contract acquisition costs 537 657
Amortization of debt issuance costs 356 349
Imputed interest expense and fair value adjustments to contingent consideration (123) (3,710)
Provision for doubtful accounts 406 219
Gain on disposal of assets (69) 0
Deferred income taxes (341) 5,035
Excess tax benefit from equity-based awards (409) (1,050)
Equity-based compensation expense 5,278 5,881
Loss (gain) on foreign currency derivatives 2,600 (2,955)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 9,191 (9,238)
Prepaids and other assets 790 (631)
Accounts payable and accrued expenses 13,282 (22,965)
Deferred revenue and other liabilities (12,556) (6,654)
Net cash provided by operating activities 85,513 31,630
Cash flows from investing activities    
Proceeds from sale of long lived assets 116 135
Purchases of property, plant and equipment, net of acquisitions (29,505) (34,483)
Investments in non-marketable equity investments (9,000) 0
Acquisitions, net of cash acquired of zero and $812, respectively (1,775) (8,732)
Net cash used in investing activities (40,164) (43,080)
Cash flows from financing activities    
Proceeds from line of credit 1,185,200 1,001,500
Payments on line of credit (1,170,200)  
Proceeds from other debt 0 0
Payments on other debt (1,720) (3,127)
Payments of contingent consideration related to acquisitions (11,883) (8,547)
Dividends paid to shareholders (8,710) 0
Dividends distributed to noncontrolling interest (2,657) (3,713)
Proceeds from exercise of stock options 432 313
Excess tax benefit from equity-based awards 409 1,050
Purchase of treasury stock (12,254) (37,049)
Payments of debt issuance costs (35) 0
Net cash used in financing activities (21,418) (51,073)
Effect of exchange rate changes on cash and cash equivalents (7,405) 2,284
(Decrease) increase in cash and cash equivalents 16,526 (60,239)
Cash and cash equivalents, beginning of period 77,316 158,017
Cash and cash equivalents, end of period 93,842 97,778
Supplemental disclosures    
Cash paid for interest 2,693 2,670
Cash paid for income taxes 7,761 7,486
Non-cash investing and financing activities    
Acquisition of equipment through increase in accounts payable 2,625 1,420
Acquisition of long lived assets through capital leases $ 5,353 $ 0