XML 22 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net income $ 37,435 $ 65,885 $ 77,417
Adjustment to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 68,675 63,808 56,538
Amortization of contract acquisition costs 659 900 856
Amortization of debt issuance costs 753 712 705
Imputed interest expense and fair value adjustments to contingent consideration (4,523) 716 (6,233)
Provision for doubtful accounts 1,164 1,465 633
Gain on disposal of assets (44) (166) 141
Impairment losses 32,050 8,100 373
Loss on assets held-for-sale 5,300 0 0
Deferred income taxes (1,583) 9,317 9,514
Excess tax benefit from equity-based awards (601) (662) (1,399)
Equity-based compensation expense 9,773 11,304 11,307
(Gain) loss on foreign currency derivatives 1,710 (1,469) (1,548)
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable (7,858) (19,867) (41,005)
Prepaids and other assets (92) (5,379) (5,300)
Accounts payable and accrued expenses (23,074) 11,941 (8,115)
Deferred revenue and other liabilities (11,847) (12,855) 206
Net cash provided by operating activities 107,897 133,750 94,090
Cash flows from investing activities      
Proceeds from sale of long-live assets 114 202 135
Purchases of property, plant and equipment (50,832) (66,595) (67,641)
Investments in non-marketable equity investments (3,179) (9,000) 0
Acquisitions, net of cash acquired of zero and zero, respectively (46,460) (1,776) (24,416)
Net cash used in investing activities (100,357) (77,169) (91,922)
Cash flows from financing activities      
Proceeds from line of credit 2,093,500 2,262,350 2,077,400
Payments on line of credit (1,976,200) (2,262,350) (2,077,400)
Payments on other debt (3,222) (3,222) (4,504)
Payments of contingent consideration and hold back payments to acquisitions (9,467) (11,883) (8,547)
Dividends paid to shareholders (18,262) (17,423) 0
Payments to noncontrolling interest (4,317) (4,593) (5,962)
Purchase of mandatorily redeemable noncontrolling interest (4,105) 0 0
Proceeds from exercise of stock options 371 825 443
Excess tax benefit from equity-based awards 601 662 1,399
Payments of debt issuance costs (1,888) (35) 0
Purchase of treasury stock (74,683) (17,231) (57,074)
Net cash used in financing activities 2,328 (52,900) (74,245)
Effect of exchange rate changes on cash and cash equivalents (14,908) (20,693) (8,624)
Increase (decrease) in cash and cash equivalents (5,040) (17,012) (80,701)
Cash and cash equivalents, beginning of period 60,304 77,316 158,017
Cash and cash equivalents, end of period 55,264 60,304 77,316
Supplemental disclosures      
Cash paid for interest 6,976 6,052 5,404
Cash paid for income taxes 19,741 15,178 14,545
Non-cash investing and financing activities      
Acquisition of long lived assets through capital leases 584 10,492 696
Acquisition of equipment through increase in accounts payable, net 681 (386) (4,170)
Contract acquisition costs credited to accounts receivable $ 206 $ 1,055 $ 471