XML 26 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 3,937 $ 2,039
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and software and leasehold amortization 6,999 6,728
Amortization of intangible assets 4,966 6,769
Share-based compensation expense 1,539 1,854
Provision for doubtful accounts 682 497
Accretion of discount 28 721
Deferred income tax expense 352 858
Other, net 183 145
Changes in operating assets and liabilities:    
Trade accounts receivable (15,058) (5,147)
Prepaid expenses and other assets (778) 1,205
Accounts payable and other liabilities 5,404 (2,779)
Customer deposits (13,212) 1,796
Excess tax benefit related to share-based compensation (141)  
Other (246) 410
Net cash (used in) provided by operating activities (5,345) 15,096
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (3,694) (2,639)
Internally developed software costs (1,530) (1,644)
Other investing activities, net 10 51
Net cash used in investing activities (5,214) (4,232)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolver borrowings 34,000 16,000
Payments to reduce revolver borrowings (19,000) (18,000)
Payments under long-term obligations (424) (1,517)
Excess tax benefit related to share-based compensation 141  
Common stock repurchases (Note 9) (2,181) (1,868)
Cash dividends paid (Note 9) (3,233) (1,787)
Proceeds from issuance of common stock under share-based compensation plans 498 40
Net cash provided by (used in) financing activities 9,801 (7,132)
Effect of exchange rate changes on cash (283) 104
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (1,041) 3,836
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 3,808 2,838
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 2,767 $ 6,674