XML 23 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 5,177 $ 3,011
Adjustments to reconcile net income to net cash used in operating activities:    
Asset impairment   237
Depreciation and amortization expense 3,910 6,569
Bad debt expense 8,224 9,552
Compensation expense related to share-based awards 1,111 544
Deferred income taxes 3,792  
Changes in operating assets and liabilities (61,267) (30,105)
Net cash used in operating activities (39,053) (10,192)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale investments (39,992) (36,004)
Sales of available-for-sale investments 44,316 28,189
Purchases of property and equipment (735) (876)
Payments of cash upon sale of businesses   (62)
Net cash provided by (used in) investing activities 3,589 (8,753)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock 138 147
Payment on borrowings   (38,000)
Payments of employee tax associated with stock compensation (928) (418)
Net cash used in financing activities (790) (38,271)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS: 15 (253)
NET DECREASE IN CASH AND CASH EQUIVALENTS (36,239) (57,469)
CASH AND CASH EQUIVALENTS, beginning of the period 50,882 116,740
CASH AND CASH EQUIVALENTS, end of the period $ 14,643 $ 59,271